SOURCE: Schrader Real Estate & Auction Company

Schrader Real Estate & Auction Company

March 31, 2011 11:54 ET

Farmland Prices Show Record Strength in Auction of Kansas Farms

COLUMBIA CITY, IN--(Marketwire - March 31, 2011) - A recent auction of seven dry land Kansas farms attracted a strong field of 51 registered bidders, leading to sale prices that reflect the continued upward trend in prices of agricultural land, according to R.D. Schrader, president of Schrader Real Estate & Auction Company, which conducted the sale.

On March 25, Schrader successfully sold the seven farms -- 960 acres in all -- in Baron, Lane and Ford counties, for a total of $1,615,000.

"In Kansas, we saw the same thing we've been seeing throughout the United States -- remarkably strong demand for farmland, resulting in prices that reflect the long-term value of the land itself," said Schrader. The land sold for approximately 190% of the level at which it had been appraised in 2009.

The auction attracted large out-of-state investors as well as local bidders, with the local buyers prevailing in a majority of the cases, said Schrader. "The property was spread out over three counties, and the farms weren't contiguous, so that probably resulted in more interest among local farmers and investors," he said.

Prices on the dry land farms ranged from $1,125 per acre in Ford County to $2,812 per acre near Great Bend, in Barton County. "While the prices of the various farms varied, depending on location and quality, all were strong by historical standards and reflect the continued upward trend in prices for agricultural land," said Schrader. "Even though stocks and bonds have regained some of their luster in the past few months, we still see increasing numbers of investors seeking the stable, long-term returns of farmland, and many farmers continue to seek to add to their holdings," said Schrader.

Schrader Real Estate & Auction Company, based in Columbia City, Ind., is a leading auctioneer of farms and ranches throughout the United States. Individuals seeking additional information on Schrader's sales and services may visit or call 800-451-2709. More auction information.

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