About 340 acres of farmland in Fountain County will be auctioned off later this month. Schrader Real Estate and Auction Company will be conducting the auction January 18.
The land will be offered in five tracts, ranging from 57 to 82 acres. R.D. Schrader, president of Schrader Real Estate, says three of the tracts, totaling 195 acres, are contiguous at the intersection of U.S. 41 and S.R. 55. The other two tracts are 82 acres and 63 acres, respectively and are located across S.R. 55 from each other.
Schrader says all of the land is tillable except for the road frontage. He adds it includes excellent quality soils.
“This will be one of the first opportunities of the new year to obtain productive land for the 2016 crop season, and these are excellent tracts for operators or for investors. In the Schrader method of bidding, bidders who seek a small amount of land will be able to compete on an equal footing with those who may desire to buy all of the farm. It is approximately 30 miles from Lafayette, and 65 miles from Terre Haute and Champaign, Illinois,” said Schrader.
The auction will begin at 11:00 a.m. on January 18 at the Beef House in Covington. Online bidding will also be available by advance registration. Those interested in the auction can find more information by clicking here.