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Land Resources / News / Kentucky

Kentucky Land Brings $17.5 Million at Auction Reflecting Strong Demand for Farmland

Source: Daily Finance, by Market Wire
October 08, 2010
Approximately 4,574 acres of farmland, hunting land and home sites sold for $17.5 million Wednesday in a Westchester-Schrader auction that attracted a strong field of buyers not only from the local area but from out of state as well.

"We had a number of factors that came together to create a strong market, and that led to an excellent outcome. Commodity prices -- especially for corn -- had a strong summer, which means the land produces higher returns. Plus, high quality tillable land has continued to show strength," said Gene Klingaman, executive vice president of Schrader Real Estate and Auction Company.

Read the complete article from Daily Finance »

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