North Star Farm sells at auction for $5.17 million

SAGUACHE COUNTY, COLO. – North Star Farm, a 5,400-acre alfalfa farm set in the Rocky Mountains, sold at auction Thursday for $5.17 million.
Nine registered bidders -- from Colorado, New Mexico and California -- turned out for the auction of the farm, believed to be the largest contiguous alfalfa operation in Colorado. Purchasing the farm was Cornelius Vander Eyk, of Tipton, Calif., who operates Vander Eyk Dairy near Pixley, Calif., in the San Joaquin Valley.
Bidding on the farm opened at $3 million and eventually worked its way up to the final sale price after a competition between Vander Eyk and a bidder from New Mexico, King said.
The farm has 32 center pivots irrigating 3,818± acres of the property, with 30 irrigation wells and three domestic wells.

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