Central Indiana farmland to be offered in April 8 auction

MUNCIE, Ind., March 20, 2014 /PRNewswire/ — Approximately 833 acres of
productive tillable farmland near Muncie will be offered in a major auction
Tuesday, April 8, with Schrader Real Estate and Auction Company marketing the
property and managing the auction.

The land, 97 percent of which is tillable, will be offered in 15 tracts ranging
from 3 acres to 114 acres.

“Approximately 557 acres of this land is located just off Interstate 69 along W
Division Road, in 10 contiguous tracts, which feature excellent Treaty and
Crosby soils, as well as county drainage tile. Of the land in these 10 tracts,
543 acres are FSA tillable, making this an excellent value in terms of
productivity,” said R.D. Schrader, president of the auction company. All of the
land is located within a five-mile radius.

The three-acre tract, which will be available for possession after Aug. 1,
provides 156,000 bushels of bin storage and drying facilities. All other tracts
will be available for immediate possession.

“Given the very high percentage of tillable land and the excellent soils and
drainage, we believe this land will be attractive to investors as well as to
local operators, who can bid on just the tracts that meet their needs and add
that land to their existing operations,” said Schrader.

Online bidding will also be available by prior arrangement. “Most local bidders
still prefer to be in the room for our auctions, but in some cases, investors
and others from outside the area find it a challenge to travel to the auction.
Our online bidding is set up so that they can participate fully, seeing the same
information, viewing and hearing the auctioneer, and interacting with a bid
assistant to offer new bids on individual tracts or combinations of tracts,”
said Schrader.

Schrader personnel will be available at the property to provide detailed
information from 10 a.m. to noon Saturday, March 15, and Saturday, March 22.

The auction will begin at 1 p.m. Tuesday, April 8, at the Horizon Convention
Center in Muncie.

Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a
leading auctioneer of agricultural land throughout the United States and is a
four-time USA Today/National Auctioneers Association Auction of the Year Winner,
as well as a two-time winner of the Grand Champion Marketing Award of
Excellence.

For more information:
Carl Carter, 205-823-3273

SOURCE Schrader Real Estate and Auction Company

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