A well established player that traces its founding to 1944, Schrader Auctions markets farms, ranches, and timberland for major U.S. corporations, investment companies, and landowners in tracts that vary from hundreds of acres to tens of thousands. The company developed its Maximum Marketing Method (known as M3) in the 1970s and has perfected it over the years.
Primary markets include the Midwest and Great Lakes regions, but Schrader has conducted auctions in 40 different states.
In 2009, Schrader Auction Company generated $84.6 million in sales at 126 real estate auctions featuring land, recreational property, or investment opportunities.
A capacity crowd generated $3.345 million bidding on 506 acres southwest of Frankfort, Indiana. “The optimism is back in the market, especially for higher quality land. The results of this sale confirm what we have seen over the last 90 days in other sales of high-quality land,” said Rex Schrader after the sale, which included 486 acres of prime Indiana farmland. “Land in the top one-third in terms of quality is up a good 10 percent during this quarter, and we are seeing new records for land prices in many counties.”