Progressive Livestock held a clearance sale of livestock, plant and machinery at the Telford Equestrian Centre near Balclutha on account of the Telford Farm Training Institute and the Telford Farm Board.
Board chairman Murray Pilgrim said it was surplus stock that Wairarapa-based Taratahi Agricultural Training Centre had not taken on as part of its lease of the Telford farm in the takeover from Lincoln University.
Taratahi leased a lot of its own tractors and machinery whereas the farm board and institute had its own.
''It's just surplus stuff that wasn't required by them [Taratahi].''
Mr Pilgrim was unwilling to put a figure on how much the stock and machinery would be worth.
However, the money from the sale of items in the clearance would go to the farm board so it could repay debt associated with the ownership of the land.
The farm board still owned the 994ha farm which Taratahi leased from it.
Mr Pilgrim said Taratahi had officially taken over the campus on Monday and the farmland yesterday.
The sale had been advertised prior to ministerial approval being granted for the transfer of operations from Lincoln to Taratahi.
Mr Pilgrim said yesterday was the last day in the calendar year the board was able to hold the clearance sale.
''We needed to force the issue. It was either today or not at all.''
There was ''just shy'' of 300 registered buyers making up a crowd of about 400 at the sale.
Mr Pilgrim was happy with how the sale had gone.
Minister for Primary Industries Nathan Guy and Associate Minister Louise Upston announced they had granted the land consents necessary to allow Taratahi's acquisition of Lincoln's Telford Campus to proceed on July 25.
Taratahi had been negotiating with Lincoln over the purchase of the Balclutha campus since the end of 2016 when Lincoln announced it was ending support.
