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Omaha-Area Farmland to Sell at Auction


March 29, 2011 - Pappillion, NE

Approximately 852 acres of Sarpy County land -- most of it tillable farmland -- will be offered at auction Monday, April 18, with Schrader Real Estate & Auction Company marketing the property for the Prucka Family Partnership.

The land will be offered in 10 tracts, ranging from approximately 19 acres to 161 acres, according to R.D. Schrader, president of Schrader Real Estate & Auction Company.

"We're seeing the strongest demand in years for tillable farmland, and it's rare to see this much tillable land, with productive soils, in a single auction. While most of the land is tillable cropland, there is also woodland and land with potential for commercial development, with water and sewer at the property. A tract of approximately 130 acres has frontage along the Missouri River," said Schrader.

The properties include three groups of tracts, all located near Offutt Air Force Base. Five tracts, totaling approximately 278 acres, are located on Fairview Road at 5th Street, with frontage on Highway 75. A 76-acre tract is located at Harlan Lewis Road and Missouri River Road, with frontage on both. The four remaining tracts, totaling approximately 498 acres, are located just to the east and south of Base Lake.

Most of the tillable land being sold is currently used for soybeans, corn and wheat.

Strong Asian demand for American soybeans, corn and other crops has helped feed strong commodity prices, and that has translated into increased demand for farmland, according to Schrader. "The auction will be structured to allow bidders to compete on an equal playing field, whether they're seeking a single tract or the entire 852 acres," said Schrader. "We haven't offered this much tillable land in Nebraska in quite a while, so this is a rare opportunity," he said.

The auction will begin at 6 p.m. Monday, April 18, at Liberty Social Hall, Papillion, Neb. Individuals interested in additional information may visit www.schraderauction.com or call 800-451-2709.

Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a leading auctioneer of tillable farmland throughout the United States. More auction information.

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For more information:
Carl Carter
205-823-3273
Lindsay Fernandes
205-909-3705

MarketWire

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