Indiana farmland sells for $19,984 per acre in Schrader auction

WOODBURN, Ind.–(BUSINESS WIRE)–Three tracts of cropland totaling 121.3 acres sold Tuesday for $2.425 million, or $19,984 per acre, with Schrader Real Estate and Auction Company conducting the event.

“Several things are noteworthy about this result,” said R.D. Schrader, president of the auction company. “It’s rare to see prices per acre in the $20,000 range with all the serious competition coming from local operators. We had investors in the room, but they dropped out quickly as bidders focused their attention on the farm as an entirety,” he said.

The auction attracted 25 bidders from Indiana and Ohio, according to Jerry Ehle, managing broker for the auction. “A big plus was that the farm was rectangular, and the tracts were adjacent. The soils were primarily Hoytville silty clay with some pockets of Nappanee Silt Loam,” said Ehle.

The farm runs approximately 655 feet along SR 101 and more than 2,650 feet along Edgerton Road in Jackson Township, in East Allen County.

Schrader said farmland demand has remained strong and stable. “Farmers and investors may focus more on acquiring land as the planting season fast approaches. Interest rates have leveled off a bit, and farmland is an excellent investment for those seeking to avoid the volatility of stock and commodity markets. Farmland has also historically been a great hedge against inflation,” he said.

Individuals seeking additional information about buying or selling in Schrader auctions my visit www.schraderauction.com or call 800-451-2709.

Schrader Real Estate and Auction Company, based in Columbia City, Indiana, is a leading auctioneer of agricultural land and equipment throughout the United States. The company is a five-time USA Today/National Auctioneers Association Auction of the Year winner.

Contacts

Carl Carter, 205-910-1952

Other Articles You May Be Interested In

DSPS licensing times down, number of approvals up, Evers says

DSPS licensing times down, number of approvals up, Evers says

Gov. Evers, DSPS: Announce latest efforts to continue improving license processing, transparency

Gov. Evers, DSPS: Announce latest efforts to continue improving license processing, transparency

Wisconsin Two-Day Farmland Auction Brings More Than $46 Million in Schrader Auction

Wisconsin Two-Day Farmland Auction Brings More Than $46 Million in Schrader Auction

18-pound country ham sells for $10 million at Kentucky auction

18-pound country ham sells for $10 million at Kentucky auction

The Wisconsin Auctioneers Association actively advocates for the auction industry through grassroots lobbying and a WAA legislative fund. Member engagement and donations are key to the success of WAA advocacy efforts.

WAA President

Riley Kahl

Our Mission is to educate, promote and protect the auction industry of Wisconsin:

to encourage Auctioneers; to enhance skills, knowledge and professionalism;

to promote the auction method of marketing for sale of real and personal properties.

The Lodge at Mauston

Online booking code is: WAA2024
Guests can book by going online to: www.thelodgeatmauston.com
Or calling (608) 747-2200

Learning the Art of Auctioneering

Auctioneer Schools
State Exam
Regulations

Sales & Use Tax

Auctioneers

It is the duty of every member to protect the public against fraud, misrepresentation or unethical practices in connection with the sale, disposition or liquidation of any real or personal property the auctioneer is called upon to dispose of at public auction.

Auctions

No items found

Industry News

Member News

Raymond Kuehl Obituary

Jan. 1, 1934 - Aug. 7, 2023 WAUNAKEE - Raymond Robert Kuehl, age 89, of Waunakee, WI, passed...

Industry Events

8 + 8 =

Contact Us

PO Box 102
Dorchester, WI 54425
(608) 228-4880

Pin It on Pinterest

Share This