Must be some good farmland.
On April 1, seven agricultural parcels north of Dawson Creek belonging Marvin and Karen Baerg sold at auction.
By the end of the day, the sale brought in $3.92 million, averaging an impressive $512,000 per quarter section.
Five buyers ultimately picked up sections of land, and according to Ritchie Bros. Auctioneers, all five are from the South Peace area.
The identities of the buyers will not be made public until the sales are finalized.
Reached by the Dawson Creek Mirror, Marvin Baerg said he was leaving the farming business for health reasons. He said the high price per hectare was a reflection of the land's quality.
Three of the parcels will also include sections of TransCanada's proposed Towerbirch pipeline, a tie-in for an East-West line that will transport sweet natural gas from the South Peace to Alberta.
The Baerg auction was the second major farmland sale held in the region in recent weeks.
On March 30, the Nobbs Family in nearby Bonanza, AB, sold 7,500 acres of farmland for a total of $13 million. Farm equipment sales brought the record-setting auction to $24 million.
The Nobbs' land fetched an average of $276,775 per quarter, according to Ritchie Bros. data. For comparison, an April 2 farmland sale in Raymore, SK, averaged $144,832 per quarter.