Tillable Farmland Good Investment

Don’t Throw Away Opportunity.

In the past couple of years there has been a growing demand for used farm equipment. Where equipment is part of a new, used, cycle; one area of agriculture that cannot be replaced once it has been used up is farmland. Just as used equipment has become hot in the market so has tillable farmland. With subdivisions and industry gobbling up farmland at a fast pace the price of tillable land continues to grow at a staggering rate. Proof of this is evidenced by anyone attending a land auction where tillable farmland is being sold.

One auction company that specializes in agricultural land auctions feels anyone having farmland for sale has a great opportunity if they choose to seize it.

Quality tillable land has been one of the best investments of any type
through the economic turmoil of the past couple of years

Farmland prices continue near record
levels in Northwest Ohio auction

VAN WERT, Ohio (Jan. 28, 2010) -- Farmland prices continued to show strength Tuesday, Jan. 26, as bidders paid an average of $5,970 per acre for three farms near Van Wert and Payne, Ohio. The 483 acres of tillable land brought a total of $2,883,554.

"Prices are holding strong at near record levels, in part because there
are currently more buyers in the market than there are sellers," said Rex
Schrader, president of Schrader Real Estate and Auction Company, which
marketed the farms and held the auction.

The Schrader auction attracted a crowd of more than 200, including 60
registered bidders. While farmers emerged as high bidders on the tillable
land Tuesday, various investors also were strong bidders, according to
Schrader.

"Quality tillable land has been one of the best investments of any type
through the economic turmoil of the past couple of years, and that has
naturally attracted the attention of investors. This creates one of the
best selling opportunities in years for farmland. As a result, anyone who
has considered selling a farm would be well advised to schedule an
auction before it's too late for the 2010 crop year," Schrader said.

The three farms sold Tuesday were more than 95 percent tillable and
represented a variety of soil types, including latty silty clay, pewamo
silty clay loam, and blount silt loam.

Schrader Real Estate and Auction Company, based in Columbia City, Ind.,
is one of the nation’s largest auctioneers of agricultural land. The
company’s auction calendar and results are available at
www.schraderauction.com. For more information, call 800-451-2709.