Farmland price tops $14,000 per acre in Ohio auction

COLUMBIA CITY, Ind. — A 233-acre farmland auction in Ohio’s Van Wert County recently brought $3,275,000, or $14,055 per acre, according to Schrader Real Estate and Auction Company, which marketed the property and conducted the auction.

Once bidding opened, it moved quickly past $3 million. The high bidder was an investor from the Netherlands.

The land — all tillable cropland — is at the intersection of Richey Road and Elm Sugar Road, just northwest of Van Wert, approximately 30 miles from Fort Wayne, Ind. The auction drew a crowd of approximately 100 to the Van Wert County Fairgrounds.

Auction Roundup is a free weekly feature offered by Farm and Dairy. Any auctioneer interested in submitting information from a recent farm, household, real estate or antique/collectible auction that was advertised in Farm and Dairy should e-mail editorial@farmanddairy.com, fax 330-337-9550 or call 800-837-3419. Auction reports should be brief and are subject to editing based on available space.

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