Ainsworth Feedyard absolute auction - The Combine Forum
 
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post #1 of 8 (permalink) Old 01-22-2010, 10:37 PM Thread Starter
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Ainsworth Feedyard absolute auction

On Feb. 9 2010 they're auctioning a 49000 head cap. cattle feedlot near Ainsworth Ne. along with several acres of irrigated farmland and recreational land. Click on the realtors site and then click on the upcoming auction. The file is large and takes several minutes to download but is somewhat educational, for me anyway, in terms of Ne. irrigation.

http://waldorealty.net/

Does anybody here know the story on this operation and why this is happening?
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post #2 of 8 (permalink) Old 01-22-2010, 10:56 PM
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Re: Ainsworth Feedyard absolute auction

Quite the operation. Or was.

http://www.ainsworthfeedyards.com/
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post #3 of 8 (permalink) Old 01-22-2010, 11:03 PM
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Re: Ainsworth Feedyard absolute auction

I'm guessing I know who will buy the irrigated ground (provided it's all in close proximity to itself)...
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post #4 of 8 (permalink) Old 01-23-2010, 12:10 AM
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Re: Ainsworth Feedyard absolute auction

Talked to my uncle who is in the feedlot business. He said they bought too much $5,000/ac ground.
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post #5 of 8 (permalink) Old 01-23-2010, 12:12 AM
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Re: Ainsworth Feedyard absolute auction

I have a feeling in the next year or two this kind of thing will probably be a continuing trend or should I say fallout from the spiked grain prices of last year, either way it's not good to see. I wonder if they'll restructure and keep just the feedlot?
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post #6 of 8 (permalink) Old 01-23-2010, 12:59 AM
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Re: Ainsworth Feedyard absolute auction

Another guy I talked to thought that there had already been an offer on just the feedlot.
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post #7 of 8 (permalink) Old 01-23-2010, 03:39 PM
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Re: Ainsworth Feedyard absolute auction

They sold their farm near Atkinson Ne. last fall. They are selling their machinery in Atkinson on an auction (Feb. 4th). They got too big too fast. They bought alot of high priced corn in the past couple of years. I think the farmground and feedlot will probably sell to the same person.
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post #8 of 8 (permalink) Old 02-09-2010, 09:36 PM
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Re: Ainsworth Feedyard absolute auction

They sold the feedlot with just a shade over 2000 acres for $6,000,000.00
The rest of the farmland went for anywhere from $550.00 to $3100.00 per acre. Pretty cheap feedlot and irrigated farm ground!
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