Well I was nearer £200 than £150, and I don't think I was the underbidder. TBH, I didn't really want it all. It was lotted in 3 lots, there were 3 or 4 local farmers where 3/400 acres would have added to their business in a way that 1300 wouldn't. But it all went to PX as one lot. The landowner of the original block then bought best part of 1000 acres next door and James took that on as well (I assume on the same terms. I never heard it went out to tender)
Sounds a bit like farming financial suicide to me !
However you never know what has really been paid on tenders, highest rent isn’t always the deciding factor