Fleming, CO 80728(Logan County)

PAYTON CREEK, LLC CRP/PASTURE AUCTION – 316 ac +/- CRP and pasture located in Logan County, CO. This auction was held on November 16, 2009, at the Ramada Inn in Sterling, CO. The property had been in the family for over 80 years. There are 8 members of the Payton Creek, LLC. Seven were heirs and one spouse of an heir, Wesley Grauberger. They decided to sell because it was becoming difficult to handle the affairs of the LLC with so many members. They decided to sell by auction because it was a simpler method and there was no question as to what the final price would be when offered to the public. The property was offered in 2 parcels and as a single unit with a minimum bid of $135,000. The property was sold for $215,000 in 2 parcels. The buyer for the CRP was an investor and the buyer for the grass was a local landowner. The major influence on the CRP was the 5 years remaining on the contract, with a $41/ac CRP payment, plus the quality of the soils. Over 44 people attended the auction with 16 registered bidders. 71 days from signing of listing contract to closing.