Southern Illinois agricultural and recreational land sells for more than $13 million in Schrader auction
COLUMBIA CITY, Ind., Oct. 25, 2018 /PRNewswire/ -- A recent auction for The Cline Group of 4,396 acres of Illinois farmland and hunting land drew a crowd of approximately 400 to The Pavilion in Marion, Illinois. By the end of the bidding, the land sold for a combined total of $13,056,280, with Schrader Real Estate and Auction Company conducting the event.
"We had 176 registered bidders from 10 states, and competition was intense for the tillable land, with both farmers and investors emerging as the high bidders on tracts. We also saw a lot of demand for the recreational land, with bidders from the area as well as from out of state. We had 43 different buyers, with a lot of interest in individual tracts," said R.D. Schrader, president of the auction company.
"This is a solid land package, both for the tillable and recreational components, and we are pleased with the auction results. Schrader did great work bringing the assets to market and maximizing values at auction," said Rob Boyd, managing director of the Cline Group.
The October 17 auction included tillable land, pasture, and wooded recreational land in Franklin, Williamson, Hamilton and Saline counties.
Schrader said the end of the growing season marks a good time for land owners to sell land. "Tillable land prices are still strong relative to the current commodity prices, so there's a good window of opportunity for farmers and investors alike," he said.
Individuals seeking information on buying or selling land and other assets may 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 farmland, real estate and equipment throughout the United States and is a five-time USA Today/National Auctioneers Association Auction of the Year winner.
The Cline Group, based in Palm Beach Gardens, Florida, is one of the nation's largest privately-owned natural resource companies. The Cline Group's development and management experience includes coal, E&P, minerals, real estate, agriculture, transportation assets, engineering and construction. For further information regarding natural resource opportunities, you may call 561-626-4999.
For more information: Carl Carter, 205-823-3273
SOURCE Schrader Real Estate and Auction Company
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