PR Newswire: news distribution, targeting and monitoring
2014

Farmland price tops $14,000 per acre in Ohio auction

Share with Twitter Share with LinkedIn

COLUMBIA CITY, Ind., Oct. 9, 2013 /PRNewswire/ -- A 233-acre farmland auction in Ohio's Van Wert County on Monday brought $3,275,000, or $14,055 per acre, according to Schrader Real Estate and Auction Company, which marketed the property and conducted the auction.

"We believe this may be a new record for the county, and it certainly shows that Midwestern farmland values continue to be strong," said Jerry Ehle, sale manager. "We had healthy participation by both farmers and investors, and once bidding opened, it moved quickly past $3 million.  Our high bidder was an investor from the Netherlands," he said.

R.D. Schrader, president of the auction company, said farmers and investors alike appear to be taking a long-term approach to farmland values. "Most of the people attending our auctions are focused on the enduring value and stable returns provided by farmland. Operators and investors who are buying for the long term don't worry too much about whether prices are up or down month to month. They are more concerned about location, soils, and other farm-specific factors."

The land – all tillable cropland – was located at the intersection of Richey Road and Elm Sugar Road, just northwest of Van Wert, approximately 30 miles from Fort Wayne, Ind. The auction drew a crowd of approximately 100 to the Van Wert County Fairgrounds.

Schrader Real Estate and Auction Company, headquartered in Columbia City, Ind., is a leading auctioneer of agricultural land throughout the United States. Individuals seeking additional information about the company's auctions and services may visit www.schraderauction.com or call 800-451-2709.

For more information:
Carl Carter, 205-823-3273

SOURCE Schrader Real Estate and Auction Company



RELATED LINKS
http://www.schraderauction.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release