Western Kansas Farmland Sells for $5,189,000

(firmenpresse) - GARDEN CITY, KS -- (Marketwire) -- 03/04/13 -- Approximately 1,711 acres of farmland near Garden City in western Kansas sold for a total of $5,189,000 Tuesday in an auction that attracted a capacity crowd of farmers and investors.

"Despite the inclement weather that had just been through the area, we had a great turnout, including a combination of local and outside investors, as well as local operators," said R.D. Schrader, president of , which conducted the auction in cooperation with the Lund Company.

"It was interesting to see that this property sold to a true cross section of prospective buyers. We sold some of the land to a local farmer, some to an investor from the East Coast, and some to a local investor. This reflects that demand for farmland continues to be strong across the board," said Schrader.

The property -- located approximately 16 miles from Garden City in Finney County -- included 10 irrigated circles with more than 1,200 acres under pivots. Also sold were three homes as well as out buildings and grain storage facilities.

The total sale price included $400,000 for mineral rights. The property has four producing gas wells and two producing oil wells.

Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a leading auctioneer of farm and ranch land throughout the United States. Individuals seeking additional information about the firm and its auctions may visit or call 800-451-2709.





For more information:
Carl Carter
205-823-3273

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 04.03.2013 - 17:19 Uhr
Sprache: Deutsch
News-ID 235662
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GARDEN CITY, KS

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Farming

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