Stephen Binder, the previous owner of the land, was unable to attend but listened to the action by phone.
Those associated with the auction anticipated the Clay County land to be arecord-breaker, drawing large crowds, which required the sale to take place in the community center, rather than onsite where most auctions take place.
Auctioneer Clint Jones was not disappointed.
Jones, of J and H Auctions, started the bidding at the county's previous record of $7,500 per acre. Dozens of bids from a handful of farmers, two breaks and 30 minutes later, the ground was sold at $8,740 to Roger Roetman.
"This is basically an investment," the Sheldon farmer said after his final bid secured the purchase.
After the bid started at $7,500, it quickly soared to $8,150 before a break was requested, allowing a potential buyer to step outside and make a phone call.
A second break took place at the $8,600 plateau, after which the bid started climbing by multiples of $10 and $20 rather than $25, $50 and $100.
"The style of bidding doesn't make much of a difference at the end of the day," Roetman said. He acknowledged he has quite a bit of experience with bidding as he has attended numerous land sales in the past.
Jones has administered his fair share of auctions throughout his career and shared, "over west of here, there has been higher prices, but this is the highest for Clay County."
"We've sold some as good as this, but none better," he told the crowd during the bidding process. "... This is a big deal, a huge deal. It probably won't come up for sale in our lifetimes again."
In a friendly wager, he had predicted a price of $8,750.
"Interest had been going up," he said, "which made me think it'd go higher."
He went on to say of the bidders, "They came from all over."
A couple factors were responsible the large crowd and, ultimately, the hefty price tag for the ground boasting what is known as Marcus, Primghar soil.
"Marcus, Primghar soil is the best in the state," Jones analyzed.
The benchmark for rating ground -- known as Corn Suitability Rating -- stood at 81.1 for one 80-acre parcel and 82 for the other, for a combined rating of 81.6.
"That's as good as there is in the county," Jones assessed. "They don't get any better than that."
In addition to the quality of the land, Jones pointed out a few other key factors.
"There is low interest at the bank," he said of those needing to borrow for their investments. "Also, commodities prices are as high as they have ever been."
With those factors in mind, Jones concluded, "This is a solid investment."