Search Site   
News Stories at a Glance
Foreign growers to gain from less stored U.S. corn
Estimating soy yield inexact, but here is how to get close
Energy growth, food exports drop trade deficit 22 percent
Indiana farmland values up, but likely falling by January
   
Archive
Search Archive  
   
Indiana farm sold for more than $3 million at auction
LIBERTY, Ind. — Auctioneer Terry Abernathy of Abernathy Auction & Real Estate Co. recently celebrated the first anniversary of the company’s auction facility in Liberty, Ind. with an auction April 1.

With a crowd of more than 250 people, Abernathy sold a 511-acre farm, offered in eight tracts, to five area farmers for a total of $3.029 million.

The acreage is in the Indiana counties of Union and Franklin.

Tract 1 sold for $490,000 and included 90 acres of mostly tillable land.

Tract 2 sold for $475,000 and consisted of 79.5 acres of mostly tillable land and three barns.

Tracts 3, 4 and five sold for $1.226 million. Tract 3 included five acres with a home and grain facility. Tract 4 included 75.798 acres of land. Tract 5 consisted of 78 acres of mostly tillable land.

Tract 6 sold for $383,000 and included 66.75 acres of mostly tillable land.

Tract 7 consisted of 108.91 acres of mostly tillable land and sold for $405,000.

Tract 8 sold for $55,000 and included 10.98 acres with 10 acres tillable.

The Abernathy Auction Facility includes a 56-foot by 105-foot auction space, an office and working kitchen. It is also wired for online auctions and has a 30-foot pad on the back for a warehouse.

Northern Indiana land sold at auction
STOCKWELL, Ind. — On March 28, Halderman Real Estate Services, Inc. sold about 40 acres of land in Tippecanoe County for a total of $206,000.

The land, which sold in two parcels at auction, included farmland, a rural home and barn just south of Stockwell, Ind.

Parcel A included 38.05 acres (nearly all tillable) and sold to a local farmer for $136,000 of $3,574 per acre.

Parcel B included a 1,680 sq. ft. house and 28-foot by 44-foot barn on 1.22 acres and sold for $70,000 to a local investor.

For information about Auctioneer’s Call, contact Farm World at 1-800-876-5133 ext. 121.

This farm news was published in the May 17, 2006 issue of Farm World.

5/17/2006