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Auction Reports - November 7, 2018

Hatley estate set for auction to benefit Murray State

CLAY, Ky. — The Bill and Louise Hatley Estate will sell 295+/- acres of farmland and two homes near Clay (Webster County), with proceeds going to the Murray State University Foundation in order to establish the Bill & Louise Hatley Endowed Scholarship to benefit students at Murray State in engineering technology and technical education programs.

The real estate will be sold at auction in 10 tracts on Nov. 29 at 10 a.m. The farm, consisting of row crop farmland and timberland, has two homes, a large lake and lots of blacktop road frontage. Dr. Bob Jackson, president of the Murray State University Foundation working with Jason Hawkins, president of First United Bank and Trust and trustee of the Hatley Trust, engaged Kurtz Auction & Realty to conduct the auction.

Kurtz, a real estate auction firm covering mid-America since 1945, will be represented by Amy Whistle, CAI, auctioneer and a 14-year veteran in the real estate auction business. The public auction will be on the property south of Clay and will include farm machinery and other items. To learn more, call 800-264-1204 or email amy@kurtzauction.com

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.

 

11/8/2018