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.
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