Click a headline below to read auction articles & news. These are a collection of stories about both Schrader Auctions and the real estate auction industry as a whole.
Hunt-Johnson Farms sold at auction for $6.38 million
Demand for quality farmland remains strong
Major land auction: 11,970 acres of timber sell in CNX auction
41 bidders from 5 different states bought the land for $12.092 million
After four generations, Johnson family to offer Hunt-Johnson Farms at auction
805-acre operation will be offered at auction Monday, Nov. 25
Luxury lots in Lexington Landing and Quail Island bring $2.188 million in auction
The auction of the 43 remaining lots in the Lexington Landing and Quail Island development along the St. Joseph River resulted in a total sale of $2.188 million
Major auction planned for 1,200 acres of Pulaski County land
Approximately 1,200 acres of land between Little Rock and Jacksonville will sell in an absolute auction October 11
Waterfront lots in Lexington Landing and Quail Island set for absolute auction
The Lexington Landing and Quail Island development will sell all of its remaining 43 lots in the Lexington Landing and Quail Island development along the St. Joseph River in Elkhart, Indiana
Major land auction: 12,200 acres of quality timber and recreational land to be offered at auction
land in southeastern Ohio's Noble County will be offered at auction October 30
Farmland, wind energy lease rights to be offered at auction
A 337-acre farm with income-producing wind leases will be offered at auction October 2
Auction of firearms for noted outdoorsman's estate draws over 1,000 bidders
For decades, Dwight "Boob" Goble was widely known as a legendary marksman, trapshooter and collector of fine firearms. So when Schrader Real Estate and Auction...
Schrader: Farmland prices expected to remain 'resilient' in 2019
In Farmer's Economy Update, Schrader pointed to mixed cropland prices on tillable land in 2018, noting that downward pressures include reduced incomes, higher interest rates, a strong dollar and the prospect of tariffs on farm goods.
Auction of land and producing mineral interests brings $6.24 million
The assets included 18 mineral packages and a 237-acre Rush Creek Bottomland farm in Garvin County, Oklahoma
Oklahoma City based foundation sets major auction for land and mineral rights to support charities
The Mary and James Harrison Foundation is offering land and mineral rights in a Jan. 31 auction to raise money for the charities it supports. The assets include 18 mineral packages and a 237-acre Rush Creek Bottomland farm in Garvin County, OK which will
Southern Illinois agricultural and recreational land sells for more than $13 million in Schrader auction
A recent Schrader auction of 4,396 acres of Illinois farmland and hunting land sold for a combined total of $13,056,280
Tillable, recreational and pasture land set for major auction in southern Illinois
Approximately 4,810 acres of Illinois land - including tillable land, pasture, and wooded recreational land - will be offered at auction Wednesday, Oct. 17
Auction of Ohio dairy operation results in sale for $4.635 million
A 160-acre Ohio dairy operation sold for $4,635,000 Tuesday, with a single buyer emerging after extended bidding on the land, home, equipment and livestock.
Recreational land, timberland and homes in southern Indiana set for June 12 auction
1,013 acres of Martin County land -- including hunting land, timber, White River frontage and tillable land – will be offered at auction June 12
Major Illinois auction to include tillable, hunting and riverfront land
Quality farmland, riverfront land, hunting property and two homes northeast of Decatur will be among the properties offered in a major land auction February 28
Farmland prices near $12,000 as Ohio auction draws strong bids
CELINA, Ohio (February 1, 2018) – Bidders turned out in force Monday, Jan. 29, to compete for approximately 604 acres of farmland in Ohio’s Mercer...
Wisconsin recreational, grazing land and home set for September auction
Approximately 1,428 acres of Wisconsin land -- including a home, recreational land, pasture and tillable land -- will be offered at auction Wednesday, Sept. 20
Well-known Palmore Farm set for September auction
For years, the Palmore Farm was one of the best-known farms in Horse Cave, KY used for breeding replacement heifers for Ohio businessman Chuck Moeller's dairy in Ohio. But in September, the farm will be offered at auction.
First time ever sold, historic Johnson Ranch land sells for $10,774,400
Until land known as the Johnson Ranch sold at auction on Wednesday, nobody could say exactly what it was worth. That's because the land had never been offered to the public.
Oklahoma land, never offered to public, set for June auction
It isn't every day you get a chance to sell land that has never been offered to the public. But that's what will happen Wednesday, June 21
Southeast Oklahoma farm features irrigated cropland as well as excellent hunting and fishing
MCALESTER, Oklahoma -- Lipska Farm, a 1,000-acre property with irrigated farmland, grain storage, timber, a home, a lake and excellent hunting, will be offered at...
Farmland, cattle tracts, commercial properties, farm equipment among offerings in upcoming auctions
Productive farmland, fenced pasture, woodlands, and commercial buildings will be among the properties offered at auction February 28 in Indiana's Hancock and Shelby Counties
Schrader State of the Farmer's Economy meetings will feature farm expert Don Villwock
Now that the elections are history and a new administration is implementing its approach to deregulation, immigration and trade, landowners face the challenge of adapting to new policies that may change the farm economy in uncertain ways
Farmers drive bidding as Laporte farm raises $2,554,000 for Earlham College
A 303-acre farm in Laporte County, Indiana, sold for $2,554,000 Monday in an auction that attracted a packed house, including 41 registered bidders.
Properties of noted Indianapolis heart surgeon sell at auction for $1,997,600
The home and related real estate of heart surgery pioneer Dr. John Norman Pittman sold at auction Saturday, January 21, for $1,997,600
Schrader sells Illinois farmland for $55.3 million
Approximately 8,638 acres of Illinois farmland sold as an entirety Monday for $55,311,000 in a Schrader auction that came down to a battle of two entirety bidders
Thousands of acres of Illinois farmland set for major auction
Approximately 8,638 acres of productive Illinois farmland -- including 8,178 cropland acres -- will be offered at auction December 12
Thousands of acres of irrigated Texas farmland set for major auction
Approximately 12,160 contiguous acres of irrigated farmland in the Texas Panhandle will be offered at auction in 12 tracts
Farmland auctions in Indiana and Ohio attract big crowds, competitive bidding
As the end of the 2016 crop year approaches, farmers and farmland investors are still seeking to acquire land, showing up in strong numbers
Brougham Ranch set for auction, with thousands of acres of grazing and recreational land
7,672-acre cattle and recreational ranch in the Chautauqua Hills of Southeast Kansas, will be offered at auction Thursday, Nov. 17
Land overlooking Skiatook Lake in Osage County sells for $2.9 million
Approximately 440 acres of land adjacent to Cross Timbers Marina and the Tall Chief Cove Recreation Area sold Tuesday
Major auction set for land around Oklahoma’s Eufaula Lake, Piney Creek
Approximately 1,976 acres of land on and around Oklahoma’s Eufaula Lake and Piney Creek will be offered at auction Thursday, Oct. 6
Land overlooking Skiatook Lake in Osage County, OK set for September auction
Approximately 440 acres of land adjacent to Cross Timbers Marina and the Tall Chief Cove Recreation Area will be offered at auction September 27
Indiana farmland auction brings prices over $10,000 per acre
Approximately 705 acres in Allen County, Indiana sold to five different buyers for a total of $6.435 million
Southern Indiana auction to feature land for recreation, crops, livestock
An upcoming auction of 604 acres of rolling land near Nashville, Indiana, will include tracts for hunting, row crops, livestock and equestrian use
Lehr Ti Valley Ranch set for August auction; features multiple pastures, ponds, creeks and game
Lehr Ti Valley Ranch, an 860-acre property with well fenced pastures, creeks, ponds and abundant game, will be offered at auction Thursday, August 11, with Schrader Real Estate and Auction Company marketing the ranch and managing the event.
Kansas cattle operation sells for $8,343,000 in Schrader auction
TLW Land & Cattle, a 9,480-acre west Kansas cattle operation, sold to a single buyer for $8,343,000 Tuesday
Major Kansas cattle operation set for May auction
The 9,480-acre west Kansas cattle operation known as TLW Land & Cattle will be offered at auction Tuesday, May 24
Ohio farm equipment auction draws big crowds, results in strong sale prices
The auction of tractors, a combine, trucks, planters, sprayers and other tools attracted bidders from hundreds of miles around, resulting in a total price of $1,371,238 for 217 different items
Productive Grant County, Indiana farmland set for March 22 Schrader auction
Approximately 462 acres of productive Indiana farmland in Grant County, Indiana, will be offered at auction Tuesday, March 22
Longtime growers to sell 1,025 acres of their Grant County, Washington farmland
After 32 years of growing potatoes and other crops in Grant County, Ron and Robin Fode are now preparing to trim back their operations and will offer approximately 1,025 acres of their rich farmland – most of which is irrigated – at auction
Farmland auctions in Illinois, Ohio draw big crowds, solid prices, investor interest
Three farmland auctions in two days – two in Illinois and one in Ohio – achieved results that may point to continued demand as spring planting approaches
Seven farms in northwest Ohio set for March 15 auction
Seven farms with a total of approximately 459 acres in northwest Ohio will be offered at auction Tuesday, March 15
Irrigated land in Kansas and Nebraska tops $6,000 per acre in Schrader farmland auction
The auction of 5,105 acres of Nebraska and Kansas farmland drew a crowd of over 250, including 97 registered bidders, resulting in sale of the land for a total of $17,155,000
State of Farmer’s Economy briefing set for Feb. 19 in Indianapolis
The annual event will include sessions on succession, farm management and issues that farmers face in the current environment
Major Nebraska/Kansas farmland auction to include irrigated cropland, dryland, pasture
RED CLOUD, Nebraska (Dec. 17, 2015) -- Approximately 5,105 acres of Nebraska and Kansas farmland -- including irrigated land, dryland, pasture and hayland -- will be offered at auction Friday, Jan. 29
Fountain County farmland set for Jan. 18 auction
Approximately 340 acres of western Indiana farmland will be offered at auction Jan. 18. The land will be offered in five tracts, ranging from 57 to 82 acres.
Indianapolis Airport Authority land auction returns more than 320 acres back to the tax rolls
100% of airport property is sold during successful weekend auction
Tribine inventor's farmland sells for $11,567 per acre
The Nov. 3 auction of 716 acres of farmland for Tribine Harvester inventor Ben Dillon attracted a crowd of eager bidders, resulting in the sale of the land to an investor for $8,282,000, or $11,567 per acre
Land auction in Owasso and Sperry draws big crowd for Schrader auction, as land sells for $3.4 million
As a whole, the 440-acre property in Sperry and Owasso known as Bird Creek Ranch might have appealed to a limited number of buyers. But when offered in tracts of 10 to 80 acres, the ranch attracted a crowd of eager bidders and sold for a total of $3,421,6
Auction of Smith Mountain Lake land draws big crowd, as land sells for $6.83 million
Wednesday's auction of waterfront property on Smith Mountain Lake drew big crowds and resulted in a sale of the land for more than $6.83 million
Robert Mishler joins Schrader Real Estate & Auction Company as salesperson/auctioneer
Robert Mishler has accepted the position of auctioneer/real estate salesperson at Schrader Real Estate & Auction Company. Robert will work from his home office in...
Farms in Eaton and Barry counties to be offered in November auction
Two Michigan farms -- making up a total of 413 acres that include tillable farmland, wooded areas, a stream, two homes and farm buildings -- will be offered at auction Tuesday, Nov. 10
Ohio recreational land auction draws hundreds, as property sells for $4.12 million
A standing-room-only crowd jammed into the Athens Community Center Saturday to compete for 2,475 acres of southeast Ohio woodlands, resulting in a sale of the hunting and recreational land for a total of $4.12 million
Indianapolis Airport Authority to offer surplus land in Oct. 24 auction
The Indianapolis Airport Authority (IAA) will offer approximately 320 acres of surplus land at auction Saturday, Oct. 24
Inventor, entrepreneur Ben Dillon to auction farmland, focus on new harvester production
Farmer, inventor and entrepreneur Ben Dillon is preparing to offer 716 acres of high-quality contiguous farmland at auction
Well known Wayne County Farm south of Milton, Indiana to be offered for public auction by Earlham College
EARLHAM COLLEGE-DRULEY FARM To be Offered at Public Auction Well known Wayne County Farm south of Milton, Indiana to be offered for public auction on...
Pristine private lake and surrounding land set for absolute auction in Northwest Wisconsin
AMERY, Wisconsin (August 20, 2015) — Lost Lake, a natural 70-acre spring-fed private lake in Northwest Wisconsin, will be sold at absolute auction Tuesday, September...
Auction of 22,103-acre ranch targets livestock operators, farmers
A 22,103-acre ranch along the North Dakota/South Dakota state line will be offered at auction Saturday, October 17
Northern Indiana farmland sells for more than $14,000 per acre in Schrader auction
A 209-acre farm in Northern Indiana sold for $2,950,000, or $14,108 per acre, Tuesday as approximately 25 bidders gathered to compete for the irrigated land
Grazing/rural development land south of Tulsa sells in Schrader auction
Some bidders were seeking land for livestock grazing. Others sought sites on which to build new homes. And still others were attracted by the minerals and operating oil wells. By the end of Thursday’s auction of 588 acres south of Tulsa, buyers succeeded
Schrader takes Auction Marketing Campaign of Year in international marketing competition
Schrader Real Estate and Auction Company took the Auction Marketing Campaign of the Year award for its four-day series of farmland auctions resulting in combined sales of $46.3 million.
Appalachian Power Company to auction land on Smith Mountain Lake
Appalachian Power Company has decided to sell one of its prized tracts of land on Smith Mountain Lake at auction
Missouri farmland and farm machinery auction tops $4 million
Approximately 1,238 acres of farmland in Missouri's Carroll, Lafayette and Ray counties sold for $3,825,000 at auction on April 23. An equipment auction the same day added $221,100, for a total of $4,046,100.
Recent Schrader auctions of farmland and wooded land produce strong results
Saturday's auction of six Indiana farms owned by Morgan Foods attracted a crowd of approximately 140 - including 84 registered bidders - and resulted in the sale of all of the properties for a total of $7,061,000
Missouri farmland and farm machinery offered in April 23 auctions
Approximately 1,195 acres of productive farmland will be offered at auction Thursday, April 23
Schrader recognizes work of Indiana Agricultural Law Foundation
When farmers and land owners gathered in Indianapolis recently for the Schrader Indiana Landowner Luncheon, the company singled out the Indiana Agricultural Law Foundation and provided a donation to support the foundation’s work.
Farms long owned by Morgan Foods set for April 11 auction
Morgan Foods, headquartered in Austin, Indiana, will offer six farms at auction Saturday, April 11
Major auction of irrigated farmland set for Texas Panhandle
Approximately 10,560 acres of farmland between Dumas and Dalhart will be offered at auction Thursday, March 26
Urban development land in Mustang area set for auction
The 155 acres at Mustang Road and Southwest 44th Street could someday become a neighborhood, a planned community or a mixed-use district
Schrader affiliate Wendt elected to Ohio Auctioneers Hall of Fame
Wendt, of Plain City, was the only auctioneer inducted during the recent convention of the Ohio Auctioneers Association, held in Dublin, Ohio. He is longtime president of The Wendt Group.
Farmland market remains active, despite lower commodity prices
Schrader Real Estate and Auction Company continued to see large crowds of active bidders during 2014, according to company President R.D. Schrader.
Auction of farm equipment tops $7.4 million as dealership reduces inventory
An auction of farm equipment drew 672 registered bidders
Four days of Schrader farmland auctions result in sales over $46.3 million
Four days of farmland auctions resulted in a combined total of $46,318,200, as Schrader sold land in the Midwest, Delta, Southwest and Mountain regions
Ohio recreational land sells at auction for $3,582,340
Approximately 1,966 acres of Ohio recreational land sold for $3,582,340 Saturday
21st Century Equipment Announces Inventory Reduction Auction
Acquisition of New Dealerships Has Created Overstock of Late Model Equipment
Irrigated Colorado farmland to be offered in major auction
Approximately 1,958 adjacent acres of farmland near Holyoke, in Philips County, will be offered at auction Saturday, Oct. 25
More than 6,000 acres of Texas Panhandle farmland set for October 24 auction
Approximately 6,054 acres of irrigated farmland in the Panhandle will be offered at auction Friday, Oct. 24. Schrader Real Estate and Auction Company will manage the auction, in cooperation with Paul A. Lynn & Associates LLC.
Auctions of two Illinois farms set for Oct. 20
The Illinois farmland auctions will include offerings of 236 acres in Warren County, and of 419 acres in Sangamon County.
Major auction of recreational land near Zanesville, Ohio, set for Oct. 11
Approximately 1,966 acres of Ohio recreational land – including more than 800 acres that have been managed for the past four years by the Buckmasters American Deer Foundation – will be offered at auction Saturday, Oct. 11.
Thousands of acres of farmland in Delta set for auction
Approximately 4,783 acres of cropland in Arkansas, Louisiana and Mississippi has been slated for auction Wednesday, Oct. 22.
Newton farm sells for $4.5M
About 525 acres of agricultural land in Lakeville sold for $4.5 million at auctionWednesday, July 23.
Rex Schrader inducted into Auctioneers Hall of Fame
Rex Schrader received the auction industry's highest recognition last week, when he was inducted into the National Auctioneers Hall of Fame.
Major portfolio of Midwest, Delta, western farmland set for series of October auctions
A major farmland portfolio of 13,468 acres – including cropland in Illinois, the Delta, Texas and Colorado – has been slated for a series of October auctions
Competition brings strong prices in three Oklahoma land auctions
Three Oklahoma properties sold at auction this week at prices that caught the attention of area bankers and landowners
Farmland minutes from South Bend to be offered in July 23 auction
525 acres of agricultural land in the Lakeville area of St. Joseph County will be offered at auction.
Irrigated Kansas farmland to be offered in July 1 auction
Approximately 2,752 acres of farmland in southwest Kansas – most of it irrigated with excellent water – will be offered at auction
Water bowl put on auction block
Could the longtime recreational area become an industrial site?
Central Indiana farmland sells for $7.9 million
833 Acres of productive tillable farmland near Muncie drew a capacity crowd and resulted in the sale to an investor for $7.9 million
Farmland still good investment, with farms on solid footing
Demand for farmland remains strong, and recent land prices are fundamentally sound even after several years of surging prices
Illinois farmland prices reach $14,359 per acre in Schrader Auction
Two farms in Dewitt County, Ill., sold for a total of $7,089,000 Tuesday
Indiana farmland sells for $9,450 per acre
Tuesday's auction of approximately 637 acres of farmland in Indiana's Newton County farmland drew a capacity crowd of well over 100 and resulted in a sale of $6.02 million, or $9,450 per acre.
600+ acres of productive Indiana farmland to sell in February auction
Approximately 637 acres of highly productive Newton County farmland will be offered at auction Tuesday, Feb. 18
Putnam County, Ind., farmland auction draws capacity crowd, resulting in $7 million sale
Wednesday's auction of 714 acres of Putnam County cropland attracted a capacity crowd of approximately 250 people as a local farmer outlasted other bidders for the cropland.
Productive farmland in Putnam County, Ind., set for January auction
Approximately 714 acres of highly productive Putnam County farmland -- including approximately 500 contiguous acres -- will sell at auction Wednesday, Jan. 15
Farmland prices continue strong as Schrader auctions draw big crowds
With the sale of six southwest Wisconsin farms totaling approximately 1,182 acres Schrader Real Estate and Auction Company has managed a series of November sales that have shown the market for farmland to be alive and well.
Northwestern Indiana farmland sells for $10.24 million, signaling continued demand
Nov. 13, 2013 /PRNewswire/ -- In announcing plans to auction 1,739 acres in northwestern Indiana, R.D. Schrader called it a "very significant event" in a...
Six southwest Wisconsin farms set for Schrader auction
Six southwest Wisconsin farms totaling approximately 1,153 acres will be offered at auction Thursday, Nov. 21
Large auction of irrigated Arkansas farmland set for Nov. 14
1,741+/- acres of contiguous Arkansas farmland will be offered in a major land auction Thursday, Nov. 14, 2013
Farmland Price Tops $14,000/Acre in Ohio Auction
A 233-acre farmland auction in Ohio's Van Wert County on October 7th, 2013 brought $3,275,000, or $14,055 per acre
Auction of 419 acres of recreational land in Clay and Vigo counties set for Nov. 4
Lakes, woodlands and cropland will be among six tracts of recreational land set for auction in Indiana's Clay and Vigo counties on Monday, Nov. 4
Farmland prices show strength in auction of Benton County farmland
Demand for Midwestern farmland continued to show signs of good health Tuesday when 345 acres of Indiana land sold for $3,612,840
Land near downtown Tulsa set for Aug. 20 auction
Approximately 310 acres of land northwest of Tulsa's Central Business District will be offered at auction Tuesday, Aug. 20
Indiana, Illinois land sells for $6.57 million in auction
The auction of 1,035 acres of Indiana and Illinois farmland drew a standing-room-only crowd of approximately 250 people
Two days of Indiana auctions draw big crowds, resulting in sales of $12,997,060
Strong crowds of farmers and investors turned out for back-to-back farmland auctions in Terre Haute and Oxford, Ind.
Farmland in Carroll, Cass counties to be offered in July 1 auction
Approximately 366 acres of productive farmland in Carroll and Cass counties Indiana will be offered at auction Monday, July 1
1,035 acres of Indiana, Illinois land to sell in June 18 auction
Approximately 1,035 acres of land in western Indiana and eastern Illinois will be offered at auction Tuesday, June 18. The land -- more than 83 percent of which is tillable -- is being sold by Indiana Michigan Power Company and Indiana Franklin Realty, In
Terre Haute area land auction to include farmland, hunting land, lakes
Approximately 1,600 acres of land near Terre Haute -- including farmland, hunting land and lakes -- will sell at auction Monday, June 10
Benton County farmland to sell in June 11 auction
A 458-acre Benton County farm just south of Oxford will sell at auction Tuesday, June 11
Top Producer Magazine Recognizes Rex Schrader as one of 30 Leaders Who Made a Difference
Brave Thinkers – 30 Leaders Who Made a Difference
Jay County farmland sells for $10,409 per acre
The demand for farmland showed no sign of abating Thursday as the auction of 414 acres in Indiana's Jay County brought $10,409 per acre.
Farming equipment shows strength in $5.9 million Schrader auction
Tractors, combines, sprayers, potato equipment and other farm machinery drew more than 350 bidders Thursday for an auction that resulted in total sales of $5,925,000, with Schrader Real Estate and Auction Company managing the sale for Lincoln Farm LLC.
Western Kansas Farmland Sells for $5,189,000
Approximately 1,711 acres of farmland near Garden City in western Kansas sold for a total of $5,189,000 Tuesday in an auction that attracted a capacity crowd of farmers and investors.
Farmland should continue to increase in value in the immediate future
Fundamentals still point to strength in farmland values, R.D. Schrader told landowners at Schrader Real Estate and Auction Company's annual Midwest Landowners & Family Farm Owners Conference.
Georgia farmland sells to one buyer for $23,128,500 in Schrader auction
One of Georgia's biggest land auctions in years ended with a single investor purchasing all 6,900 acres in Sumter County Thursday
Jay County land auction to feature 414 acres of contiguous farmland
Approximately 414 contiguous acres of productive farmland in Jay County -- available for immediate possession -- will be offered at auction Thursday, March 21, with Schrader Real Estate and Auction Company marketing the property and managing the sale.
Schrader establishes Fort Worth office to serve Texas and Oklahoma
Schrader Real Estate and Auction Company has announced the opening of a new office in Fort Worth, as the company prepares to increase its marketing presence in the Southwest. Brent Wellings will manage the new Schrader office.
Irrigated Western Kansas Farmland to be Offered at Auction
Approximately 1,750 acres of farmland near Garden City in western Kansas will be offered at auction Tuesday, Feb. 26
Water auction: Mojave ranch with water rights to be offered at auction
Oasis Ranch, a rare 640-acre ranch with water rights in the Mojave Desert, will be offered at auction Thursday, Feb. 28
Major auction of Georgia farmland set for February 21
Approximately 6,900 acres of land in Georgia's Sumter County will be offered Thursday, Feb. 21, in one of the biggest Georgia land auctions in years.
Irrigated Oklahoma panhandle farmland to sell in Schrader auction
Approximately 3,641 acres of agricultural land in the heart of Oklahoma's Panhandle will sell at auction Monday, Feb. 11.
Auctions of Nebraska, Kansas farmland draw big crowds as land sells for more than $30 million
Back-to-back farmland auctions in Nebraska and Kansas drew strong crowds and resulted in a combined sale price of more than $30 million Nov. 8-9, with Schrader Real Estate & Auction Company managing both auctions in cooperation with the Lund Company.
500 Acre Northwest Indiana farm to be offered in November 17 auction
A 500-acre farm in the Wheatfield area in northwestern Indiana will be offered at auction Saturday, Nov. 17, with Schrader Real Estate & Auction Company managing the sale.
Farmland in Grant and Stevens counties to be offered in Schrader auction Nov. 9
Approximately 2,717 acres of quality farmland in Southwest Kansas will be offered at auction Friday, Nov. 9, with Schrader Real Estate & Auction Company managing the sale in cooperation with the Lund Company.
Nebraska agricultural land -- 1,855 acres -- to be offered in November auction
Approximately 1,855 acres of Nebraska agricultural land -- most of it irrigated farmland -- will be offered at auction Thursday, Nov. 8, with Schrader Real Estate & Auction Company managing the sale in cooperation with the Lund Company.
Canyon West Golf, related property sell at auction for $4,798,000
Canyon West Golf Club and the adjacent land known as Mickle’s Valley View Ranch sold for $4,798,000 Thursday, when a capacity crowd gathered for an auction of the properties.
Major auction of south Kansas grasslands and hunting land planned for Nov. 1
Five years ago, Gary D. Smith bought thousands of acres in southern Kansas in an auction conducted by Schrader Real Estate & Auction Company. Now, he's preparing to sell more than eight square miles of the land, using the same auction company.
Schrader auctions show drought hasn’t cooled demand for land
If the drought has had a major impact on farmland prices, you couldn’t tell it by a group of auctions conducted in six different states during August.
Despite drought, northern Indiana farm sells for $13,189 per acre
A 79-acre farm in an area hard hit by the drought sold for $13,189 per acre Monday
Irrigated farmland along New Mexico-Texas state line to sell in August 15 auction
3,233 acres of cropland straddling the Texas-New Mexico state line will sell at auction Wednesday, Aug. 15
Cropland in Atchison Co., Missouri, set for Aug. 14 Auction
805 acres of tillable cropland in Missouri's Atchison County will sell at auction Tuesday, Aug. 14
Henry Co., IL Farmland to be auctioned Aug. 10
284 acres of highly productive Henry County farmland will sell at auction Friday, Aug. 10
Moultrie Co., IL Farmland to be auctioned Aug. 9
462 contiguous acres of highly productive land in Moultrie County will sell in five tracts Thursday, Aug. 9
Schrader takes top awards in national auction marketing competition
Schrader Real Estate and Auction Company won the two top awards in the annual National Auctioneers Association-USA Today Marketing Competition, the association announced Thursday.
Missouri cattle farm to sell at auction
A 1,200-acre cattle farm in Lawrence County, Mo., will sell at auction Thursday, June 28. The property is located in Mt. Vernon, approximately 35 miles west of Springfield.
Michigan farmland sells for $8,865 per acre
A 190-acre farm in Michigan sold at auction for $1,410,000 Monday, April 16
Locust Knoll Farm near Yorktown, Ind., sells for $1,657,000
The auction of a 218-acre farm near Yorktown, Ind., attracted a strong field of bidders Monday, April 23, leading to a sale for $1,657,000
Farmland auction: Illinois acreage sells for $7.8 million
On the most productive tracts, bids were over $7,000 per acre, with an average of $6,269 per acre on the 921 acres that made up the largest group of tracts sold.
Higher farmland values reflect new economy
In the last year, farmland values have escalated to new heights. Schrader Auction President RD Schrader speaks at American Bankers Association Meeting.
Farmland goes for a premium as commodity prices tick up
President RD Schrader is Quoted in USA Today Money Section Article regarding farmland prices.
SW Iowa, Kansas Sales Show Broadening Strength, Values For Farmland
Back-to-back farmland auctions in Iowa and Kansas brought a total of $8,295,000 this week, demonstrating that the rise in land values extends to a variety of areas and land types.
Indiana farmland sells for $11,683 per acre.
Farmland prices continued their upward march last week with the auction of tillable land near Elkhart, Ind., for $11,683 per acre.
Illinois farmland brings $25.3 million in Schrader auction
Approximately 3,355 acres of farmland in Boone County, Ill., sold at auction Saturday, Nov. 19, for a total of $25,536,993, with bids on some tillable land reaching to more than $10,000 per acre.
Anderson Circle Farms Sells for $25 Million
Anderson Circle Farms in Harrodsburg sold for $25 million Wednesday after a spirited contest between the ultimate buyer and various combinations of bidders seeking smaller parts of the 5,529-acre Mercer County estate.
Broken Arrow-area grazing land to be auctioned in Oklahoma
Approximately 640 acres of pasture/ranch land near Broken Arrow, in Wagoner County, Okla., will be auctioned Oct. 20
Boone County, Illinois farmland auction a major buying opportunity
Approximately 3,379 acres in Boone County will be auctioned on Nov. 19.
Anderson family hopes Anderson Circle Farms auction will "put the land and homes in the hands of people who can enjoy it for generations"
Since 1967, Ralph G. Anderson and his family have acquired and restored historic estates that have become a part of the famous Anderson Circle Farms estate. Now these properties are going to auction.
Local investors prevail in auction of Boone County, Ind., farmland
Local investors buying in relatively small quantities prevailed in last week's auction of 681 acres of land in Boone County, just north of Indianapolis.
Western Kansas Farmland Has Strong Showing
GARDEN CITY, Kan. (July 14, 2011) -- Approximately 3,754 acres of cropland in western Kansas sold for a total of $9,558,400.
Bidding on Mason County farmland reaches record prices
The bull market in Midwestern farmland showed no signs of abating Friday as bidders paid well over $11,000 per acre for tillable land in Mason County.
Farmland prices show strength in $5.97 million Schrader auction
Farmland prices continued to show strength Monday as Schrader Real Estate & Auction Company auctioned approximately 850 acres in Sarpy County, near Omaha.
Jay County farmland auction draws capacity crowd as land sells for $3.73 million
Midwestern tillable farmland continued to show strength Monday as a capacity crowd jammed into the Jay Community Center for the auction of 492.9 acres near Portland.
Pasquotank County, N.C., farmland sells for $17 million in auction
Approximately 3,900 acres of land in Pasquotank County, N.C. sold for $17 million Tuesday in a Murray Wise Associates auction that drew a packed house of bidders for what turned out to be a vigorous bidding competition.
Northwest Oklahoma ranch - 9,698 acres - to be auctioned
DF&D Ranch, a northwest Oklahoma ranch that includes 2,700 irrigated acres and 6,920 acres of grassland, will sell at auction Wednesday, April 13.
Giant farm equipment auction draws 430 bidders
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Higher farmland values reflect new economy
Supply and demand has long been a term used to describe the ups and downs of the commodity markets. Now it's being used to describe the market for the land where those commodities are raised.
In the last year, farmland values have escalated to new heights.
The Minneapolis Federal Reserve Bank District reports farmland values as of second quarter 2011 up 17 percent from the same period a year ago, while the Kansas City District reports farmland prices up 20 percent.
Nebraska has seen one of the largest increases, with nonirrigated land up 30 percent. Oklahoma ranchland, suffering from a prolonged drought, saw values up just 6.4 percent, with what increase there was driven by oil and gas exploration.
A group of three experts in farmland value analysis discussed the skyrocketing costs of farmland during a plenary session of the 2011 American Bankers Association Agricultural Bankers Conference, held recently at Indianapolis.
Michael Duffy, Ph.D., professor of economics and director of the Beginning Farmer Center at Iowa State University; Don McCabe, an accredited farm manager with Soy Capital Ag Services, Bourbonnais, Ill.; and R.D. Schrader, manager of Schrader Real Estate and Auction Co., Columbia City, Ind., offered their thoughts about higher farmland prices and what they mean to producers and rural America as a whole.
"There are differences, not all of the states are enjoying what we are enjoying now with land values as they are," Duffy said. "But when you adjust these peaks and valleys for inflation, you can see them much more clearly. This year, we are seeing the highest nominal and inflation-adjusted land values ever. They're now exceeding values we saw in the 1970s."
As in any market, land values are being determined by supply and demand, Schrader said, with the increasing global appetite for food, the demand for renewable fuels driving corn prices to new highs and a shrinking value of the U.S. dollar driving sales.
"I am bullish long term on land," Schrader said. "There is a low correlation between land to other asset classes, such as bonds, T-bills and stocks. Farmland is outperforming so many things these days and is becoming part of a diversified portfolio, since right now it's undervalued versus gold. There are some very savvy, sophisticated, successful investors understanding this and it's getting their attention in a big way."
For the most part, buyers purchase the land to extract an income from the land. McCabe said.
"Production agriculture right now, with a 3 to 5 percent return on your land costs, beats all returns on the alternatives, which have done so poorly in the recent past. Many people question the future of these alternative investments, so they're turning to purchasing farmland for production instead.
"More than one person over the last year has said to me they are not in the stock market and proud of it. They have to do something with their money, so they're buying farmland."
These producer-land buyers plan to hold onto their land, Schrader added.
"These buyers are not speculators," Schrader said. "They are not looking to flip their land. They're buying to live with this land and live with it a long time. These guys experienced the 1980s firsthand. They are not going into the market with the intent of getting out."
Schrader doesn't see the climb in farmland values as anything sudden. In fact, those price hikes have been happening for quite a while.
"As we look at the future we need to look at how we got to today. We are not experiencing some overnight sensation," Schrader said. "This didn't happen just in the last year or two or five or even 10 or 20 years. It's taken 25 years of appreciation to get where we are at today. That differentiates us with other markets."
McCabe said, by his surveys, about 60 percent of all farmland is being purchased by active operators, with 15 percent purchased by nonlocal investors, 13 percent by local area investors, 7 percent by institutions and investment groups and 5 percent by other entities.
"The institutions who are acquiring land are things like hospitals and universities that people bequeath land and it's not acquired by purchase. Some institutions sell the land and others are long-term holders who rent out the land, depending on the institution's investment strategy. Hedge funds are another factor, but they are buying less than 10 percent of the market. They're more talk than action, from what we've seen."
Using his state of Iowa as an example, Duffy notes that as farmland values have increased, so to have rental costs.
"On the flip side of this, however, is the rent to value index is at a record low. The previous low we had was back in 1921. We peaked at 9.6 percent in the early 1980s and now we're at about 3.4 percent. This is something that looking forward we'll see some correction.
"We need to remember that about one-third of the rents are between relatives and another 20 percent are between family friends. I think that will temper the rise somewhat, but we're hearing a lot more big increases among land plots that are open."
Rental agreements also have become more complex over the years.
"We're seeing a move away from flat cash rents and crop share deals to a mix that makes it better for the landowner," McCabe said. "We're now seeing more bonuses and kickers (based on price and yield) added into rental agreements. The latest surveys we've seen are that 15 percent of the flat rental agreements have changed to flexible agreements in the last year."
Adds Duffy: "There's also been a huge shift away from crop share agreements, and it's driven by both sides. It's so complicated for the operator who has so many different landlords to deal with, it's hard for everyone to account for bushels anymore. As owners move further away from the land, they don't want to bin corn. They want cash."
"I don't think for the next few years there will be a correction on the land values side. It will be on the rental side. I see a 20 percent increase in rents. We see a lot of land listed and when it is listed it's not for very long.
"The difference between the 1970s and today is drop in the amount of land is being sold under contract for deed. Back in the 1970s it was a lot easier to just walk away from a contract," said Duffy.
"We're seeing a lot of people paying off debt and acquiring land with just a check rather than a loan. That's great," McCabe said. "The odds of farmland prices seeing a collapse similar to the 1980s or the urban real estate market are not high, since we're seeing such low debt levels."
The trio collectively estimated that in Iowa alone, at least 75 percent of farmland is now held debt free, compared with about 67 percent about 10 years ago.
"A widow over the age of 75 owns one in 10 acres of Iowa farmland. It's a figure replicated throughout the Midwest and is growing in size. It's another factor that leads land going from sole proprietors to joint tenants to tenants in common as the land is dispersed among the children," Duffy said.
"This means we're seeing a large increase in the number of out-of-state landowners. The reason why they're holding onto the land is for family or sentimental reasons. Sentimentality has its price, however, but I don't see a drop in land ownership by these people."
As generations continue to move farther away from active production and land holdings continue to split among family members, Duffy thinks the "inner value" of farmland will be different among the disparate owners.
"A big question is will the next generations of an old farm family have the same level of inner value for the farm as the preceding generations who actually grew up on the land do," Duffy said. "Are they going to have the same feelings towards it? If the land is divided among eight to 10 owners to the same piece of ground, will each have the same feeling towards it. That's something renters will have to look out for."
The rise in farmland prices has led to one "regrettable but inexorable move," McCabe said, toward further consolidation of rural areas.
"I can remember how much my dad regretted losing the local co-op elevator because he then had to drive 10 miles to buy dog food," McCabe said. "The vitality of rural communities will be based on things other than agriculture. The retired farmer towns will have to become something more than retired farmer towns. That may be discouraging but that's the way it is.
"We see a lot of wealth in land holdings," Schrader said. "As those holdings are consolidated, it impacts the surrounding communities. Those towns are necessarily the kinds of towns young people want to stay in. It's an issue, but it's the nature of the beast."
Duffy disagreed with his colleagues, mentioning his work as director of the Beginning Farmer Center at Iowa State University in trying to keep rural communities vital.
"One of the things we try to get rural communities to think about is the farmer as the heart of their economic development," Duffy said. "These towns spend a lot of money to bring in jobs while they're continuing to lose jobs.
"I think opportunities are going to be different in the future than they are today. Young people that I work with think differently than I do and as a lot of their parents do. They no longer think of agriculture as growing cheap commodities. They think in terms of differentiation, such as the guy I know who has been selling his hay on Craigslist. These things allow for lots of sales opportunities."
Recalling David and Goliath, Duffy said, is that it was an epic tale because the small man beat the giant.
"In reality, the little guy isn't always going to beat the big guy, but there are opportunities. We talked all the way back in the 1920s about having a land tenure ladder and how young people had to work to move up," Duffy said. "We try to work with young people to think about not owning the asset but rather controlling it without some outside force like government help. These higher land values are a hindrance but they can be overcome."
Some factors to watch for any further increases in land values, Duffy says, includes climate change, changes in oil and fertilizer costs and availability, technology changes, global economic conditions, grain stocks, and debt levels.
"Farmland is a good long-term investment and will likely remain that way for the foreseeable future. Farmers are the majority of land purchasers. They buy land to own it, not to sell it. As long as there is income coming off that land they will hold on to it. Time will tell."
Written By Larry Dreiling
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