Category: Newsletter

While we are still just in late winter, it is never too early to start thinking about the coming spring and summer’s grazing and forage plans. Last fall and this winter has been dry, leaving most parts of the state in some level of drought. While we do not know for certain how much moisture lies ahead, long-term forecasts into this spring and summer suggest the possibility of drier than normal conditions.

With the possibility of droughty conditions for the coming season, an important first step is to develop or adjust a good forage and grazing drought plan for your operation. Some components of this might include things like stocking rates, turnout dates to summer pastures, purchasing any supplemental hay or feed, securing additional pasture, fertilizer decisions on introduced grass pastures, or seeding of any annual forages.

For spring or cool-season annual forages, the recommended planting period of late March to early April will be here soon. Forages would include things like oats, spring barley, spring triticale and field peas. With that planting date, these would provide grazing beginning in late May through early July.

This is a simple question with a complicated answer. What kind of auction format should I use? Are the market conditions right for an auction? Who should I have conducted the auction? These are all questions raised when considering selling your land via auction. At NextAg we guide you through this decision process and custom tailor our approach to you and your property’s needs.

Selling Your Land via Auction
What kind of auction format should I use?
There are many ways to conduct an auction from a traditional auction setting to a more modern approach with Online Only Auctions. Let’s highlight a few options we offer at NextAg and how they could pertain to your situation.

Simulcast Auction/Live Auction – A modern twist on the traditional auction setting, the simulcast/live auction method combines the traditional in-person auction with the online-only approach. The simulcast allows you to have an in-person auction where patrons can come in-person and bid while also allowing your bidders the chance to bid anonymously via our online bidding platform.

Online-Only Auction – A simple, effective auction format that allows total anonymity for the bidders through our online bidding software. This auction method allows anyone from anywhere in the world with internet access to bid on your property. This method is usually timed and ends after all bidding has ceased for a set amount of time.

Sealed Bid Auction – The sealed bid auction can be a very useful tool in the right situation. This method is a slower-paced auction environment where bidders submit their bids on a standard bid sheet to us, here at NextAg. There is usually a deadline to submit bids and then we sit down with the sellers and either select a winning bid or we can invite back the top bidders to perform a small exclusive mini-auction of the top sealed bids. This method allows the sellers a comfortable, slower timeline to make their decision.

Are the market conditions right for an auction?
Market conditions for agricultural land right now are strong. Higher commodity prices and unstable stock market conditions have driven up farmland prices in the Midwest. The ability to buy land in an instant via online auctions, etc. has also played a part in higher land sales. Auctions in the current market conditions allow for fast, efficient sale times resulting in top market values.

Who should I have conducted my auction?
The NextAg advantage, when it comes to selling your property, is that we know how important this transaction is because we are landowners, as well. We are a family-owned and operated business with the owner himself raised on a multi-generational Nebraska farm where hard work and doing the right thing is the standard. Your farm and the generations of hard work and sacrifice do not go unnoticed when we are working with you and your family during this process. Our goal is to be honest, and transparent, and strive to get you the best results for the sale of your farm.

How do we get the best results?

• Instant contact with thousands of landowners around your property with up-to-date mailing lists
• State-of-the-art bidding software
• Efficient and effective marketing techniques
• Local knowledge of the area

Still have more questions or maybe you are ready to get started? Please reach out today! We are happy to answer any questions you may have and discuss your specific needs. You can also visit our website at, https://nextagrealestate.com/ or call us at, 402-540-0053.