MT. VERNON, MO - A 1,200-acre cattle farm in Lawrence County, Mo., sold for $3,090,000 Thursday, June 28, with Schrader Real Estate & Auction Company managing the sale.
The farm, which has a carrying capacity of 400 cows, was offered in 16 tracts but ultimately sold as an entirety to another area farmer, according to Nick Cummings, the Schrader agent in charge of the auction. The auction attracted 46 registered bidders.
"We had tracts ranging in size from six acres to 163 acres, and there was a good bit of variety, with a home and some recreational property included. But because the farm is such a well integrated operation, the strongest interest seemed to be in the entire property as a whole," said Cummings.
The auction showed that recent strength in demand for agricultural land extends to a wide variety of types and locations of land, according to R.D. Schrader, president of the auction company.
"We're finding that, as in this case, the strongest bidders on farmland are local operators, who know the land best and fully appreciate its value. While more attention has been giving to Midwestern cropland, the demand is extending to a wide range of agricultural properties throughout the United States," said Schrader.