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Henry Co., IL Farmland to be auctioned Aug. 10
Henry County farmland to be auctioned Aug. 10
ANNAWAN, Ill. (July 5, 2012) -- Approximately 284 acres of highly productive Henry County farmland will sell at auction Friday, Aug. 10, with Schrader Real Estate & Auction Company managing the sale.
The land, much of which fronts on U.S. 6 near Annawan, will be auctioned in five tracts, ranging from two acres to 152 acres.
"Auctions have been the focus of increased attention in the past few months because of the strong investor demand and rising prices per acre. However, each farmland auction is unique, with dynamics that are impossible to predict," said R.D. Schrader, president of the auction company. "While the media have been focused on investor interest, the local farmers have been the high bidders on about three-fourths of the land we've sold lately, and they're often the people who know the land best."
The 152-acre tract has approximately 146 tillable acres of high quality Drummer and Elburn soils. A 90-acre tract has Milford, Drummer and Elburn soils. "With the exception of the two-acre tract -- which has storage for 26,000 bushels -- all of these tracts are mostly tillable," said Schrader.
"By selling the land in tracts, we enable people to bid on just what suits their needs. If someone just needs the storage, they can bid on just that. If they're looking for acreage to farm or lease, the other tracts may be of more interest. And of course, people will be able to bid on the entire property," he said.
The auction will begin at 9 a.m. at the Annawan Best Western. Individuals seeking additional information may visit www.schraderauction.com or call 800-451-2709.
The auction will be the second Illinois event in two days for Schrader. On Thursday, Aug. 9, the company will auction 462 acres of high-quality cropland in Moultrie County.