Southern Illinois ag, rec land sells for more than $13 million

COLUMBIA CITY, Ind. — A recent auction for The Cline Group, of 4,396 acres of Illinois farm and hunting land, drew a crowd of approximately 400 to The Pavilion in Marion, Ill. By the end of the bidding, the land sold for a total of $13,056,280, with Schrader Real Estate and Auction Co. 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.

The Oct. 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 landowners to sell.

“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 noted.

Individuals seeking information on buying or selling land and other assets may visit www.schraderauction.com or call 800-451-2709.