| Auction Results - March 3, 2010 |
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John Deere 330S sells for $25K
ROGERS, Texas — A recent farm equipment auction from the property of Calvin Kraemer featured John Deere, Oliver, McCormick, Allis Chalmers and Farmall antique tractors.
Highlighted items include: a John Deere 330S that sold for $25,000; a John Deere 430 T-LP for $22,000; an Oliver Super 44 for $10,500; McCormick 0-4 for $10,000, a John Deere LA for $6,000; an Allis Chalmers G for $5,800; a McCormick F-14 for $5,000; an Allis Chalmers WD-45 diesel for $8,000; a Farmall H for $4,400, a Farmall M for $5,600; a Farmall 340 for $6,250; an Oliver 77 for $4,000 and finally, a Farmall Super M for $7,600.
The auction was conducted on Jan. 16, 2010 by the Polk-McGrew Auction Co.
Historic Ohio River Farm to be auctioned
BETHLEHEM, Ind. — The 503 acre Miles Farm, north of Bethlehem, Ind. with one mile frontage on the Ohio River, will be auctioned on March 18. This farm has been in the Miles Family since 1880’s when Albert R. Miles purchased the property. In the 1940’s the farm was believed to have the largest tobacco base in Indiana, according to grandson and current tenant, Albert Miles. Tobacco was raised on the farm until 2005. For many years the farm had 175 acres of orchards in peaches (22,000 trees), apples and grapes. The produce was loaded onto flatboats on the river. Today, the farm is used as a cash grain operation and timber investment. The main farmhouse overlooking the river was torn down many years ago as well as seven tenant houses. The farm is being sold due to the death of David Miles, half owner, and family owners no longer living in the area. The farm will be offered at public auction in ten separate tracts on March 18 at 6 p.m. The auction will be held at the Historic New Washington School, known as A Step Back. The auction is being conducted by Schrader Companies, a nationally-recognized agriculture auction company with offices in Indiana, Ohio and Michigan.
Schrader Companies President Rex Schrader, stated “this property has over one mile of beautiful Ohio River frontage rising on a huge bluff and one mile of frontage on improved Miles Road”. Schrader further stated “the farm is one of the few area tracts of this size on the Ohio River and could be of interest to recreational enthusiast, second home buyer, private estate builder or investors.”
Ohio River row crop, timberland sold in Feb.
HENDERSON, Ky. — The Keene heirs’ 589 acres of crop and timberland was auctioned Feb. 22 by Kurtz Auction & Realty Company after being held by the same family for several generations. The long rectangular tract was a mix of first and second river bottom land on the Ohio River between Owensboro and Henderson, Ky. The land was sold first in two tracts, a 412.88 acre and a 176.28 acre tract. Then the timber was sold. The smaller tract (with 85 percent cropland) sold for $5,100 per acre and the larger tract (with 67 percent cropland) sold for $2,900 per acre. About 120 acres of timber rights on the larger tract sold for $100,000. When timber and land were figured together the 589 acres sold for a total of $2,205,385 or $3,744 per acre. Without improvements, buildings or irrigation, this auction was a good indication for the value of the land of this type.
A crowd of about 150 attended the auction at the local parish hall. Forty people from the tri-state area registered to bid on land, timber or both. Jim, Goetz, a veteran auctioneer with Kurtz, was in charge of the auction. Kurtz utilizes various strategies to market farm properties. After several meetings with the owners, Jim Goetz decided on a plan and the manner utilized to auction this property. That plan and strategy were instrumental in obtaining a more than satisfactory price for the sellers.
Find more at kurtzauction.com |
| 3/3/2010 |
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