Champion Pedigree
Sold on September 4, 2024
from 7:00 PM to 8:00 PM UTC
Location
Virden, MB
Sale Size
2 Parcels
Final
$840K - $940K
Over 1,000 acres selling as 2 Parcels less than 8 miles SE of Virden, Manitoba. This incredible pasture land boasts lots of grass, ample average annual rainfall, and good water. The proximity to the major TransCanada Hwy makes these Parcels ideal for hauling cattle in the spring and fall.
Over 1,000 acres selling as 2 Parcels less than 8 miles SE of Virden, Manitoba. This incredible pasture land boasts lots of grass, ample average annual rainfall, and good water. The proximity to the major TransCanada Hwy makes these Parcels ideal for hauling cattle in the spring and fall.
Available Parcels
Parcel Name Parcel 1 | Parcel Size 615 ± Acres | Final $940,000 | View Details & Offer |
Parcel Name Parcel 2 | Parcel Size 479 ± Acres | Final $840,000 | View Details & Offer |
Option Name Parcel 2 Option | Option Details Smooth-Wall Hopper Bins | Option Price $20,000 | View Option |
Sale Description
Champion Pedigree - Parcel 1
Located just 8 miles southeast of Virden, Manitoba, 'Champion Pedigree' is comprised of a combined total of 1,094 acres selling as two Parcels. A champion pedigree has a proven track record of excellence, and this land base of the same name has the impeccable resume one would expect. This assemblage provides pasture that outpaces the acre-to-cow ratio in many parts of Western Canada. Just as there are seven days in a week and seven continents, certain things can be relied upon for their unfailing stability, and the seven quarters that make up this grouping of land are known for reliably producing the forage requirements that ranchers can bank on year after year.
All prospective buyers will enjoy an equal opportunity to bid Parcels One and Two on sale day. CLHbid.com’s unique Universal Close system extends the bidding on both Parcels, meaning if a bid is placed in the last two minutes of the auction, an additional two minutes will be added to the clock allowing every bidder the chance to procure both Parcels. The Parcels that make up 'Champion Pedigree' possess a proven pedigree to move the goal posts on weight-per-day gains for the cow herd or yearling program.
Champion Pedigree - Parcel 2
Whether the new buyer is looking for pasture land or a multi-use land base, simply peek over the fence and appreciate this diverse area complete with wide-open arable land and premium pasture acres in all directions. ‘Champion Pedigree’ will fit perfectly into the mixed farmer's portfolio. Proximity to the TransCanada Highway and the Town of Virden provide the foundation for a sound investment with ease of access to markets and services far superior to other areas.
‘Champion Pedigree’ comes replete with choices. Drop off up to 175 cow-calf pairs on the two Parcels, utilize the existing yard sites, or convert several acres into arable farmland. The options for the new owner are limitless.
PLEASE NOTE: This sale does not have En Bloc.
Champion Pedigree is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.
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