COLUMBIA CITY, Ind.–(BUSINESS WIRE)–Farmland in six Wisconsin counties sold for a total of $46,194 million August 23-24, with Schrader Real Estate and Auction Company marketing the property and conducting the auction. It included 7,428 acres in Barron, Dunn, Polk, Chippewa, Marathon and Clark counties.
“We had a very good outcome on both days, with bidders from eight states. We had 153 bidders on the first day and 83 bidders on the second. The sellers said they were delighted with the results and pleased to see much of the land go to local operators,” said R.D. Schrader, president of the auction company.
Buyers of the tillable land will be able to farm it for the 2024 crop season.
“Investors were actively bidding and purchased about half the land. However, most of the bidders were local operators, most buying just one or two tracts. We also had some bidders seeking recreational tracts. It was a very competitive local market. The organization selling the land had practiced good stewardship over the years and had implemented ESG practices,” said Luke Schrader, one of the auction managers.
The event on Aug. 23 included land in Barron, Dunn, Polk, Chippewa counties. The second day’s bidding included land in Marathon and Clark counties.
As always, prices per acre varied according to land quality and location.
Those seeking details on upcoming auctions, or those seeking to sell land, may visit www.schraderauction.com or call 800-451-2705.
Schrader Real Estate and Auction Company, based in Columbia City, Indiana, is a leading auctioneer of farmland, ranchland, and equipment throughout the United States and is a five-time USA Today/National Auctioneers Association Auction of the Year winner.
Contacts
Carl Carter, 205-910-1952
August 28, 2023 03:31 PM Eastern Daylight Time
Source: Wisconsin Two-Day Farmland Auction Brings More Than $46 Million in Schrader Auction | Business Wire
