Kurtz Auction & Realty Co. Facilitates Cropland Auctions in Kentucky's Webster, Union Counties

OWENSBORO, Ky., Aug. 1, 2013 /PRNewswire/ -- A farm containing 733 acres of crop, pasture and wooded land between Madisonville and Henderson in Webster County, Kentucky sold at auction on July 30^th.  The farm belonged to the Ogden Family Farm Partnership and sold in five tracts for $3,266,800 for an average of $4,457 per acre.  It had 511 acres of open land, 154 of which is under a CRP contract.  The balance was wooded land that was timbered 20 years ago.  Both homes, the farm buildings and grain bins were reserved in a life estate agreement.  All coal, oil and mineral rights were also reserved. The bulk of the cropland tracts sold in the $5,200 per acre range while the wooded land sold for $1,524 per acre.  Buyers included area farmers and a professional.  Jason Blue, Auction Project Manager, Kurtz Auction & Realty Co. Email (812) 550-4114.

Kurtz Auction & Realty Co. auctioned 64.8 acres near Sturgis in Union County, Kentucky on July 25^th for $456,811 or $7,050 per acre.  This tract had 51.4 acres of cropland with the balance in wooded ditch banks and sod waterways.  Since there were no buildings and the minerals were reserved, this was a good barometer for net cropland prices - $8,887 per acre.  The buyers were local farmers.  John Kurtz was the Auction Project Manager.  Kurtz Auction & Realty Co. Email (270) 926-8553

Kurtz Auction & Realty Co. is a regional real estate auction firm, founded by George M. Kurtz in 1945.  They have 16 full-time agents and advertising specialists and are licensed in eight states.  Kurtz was recognized by The Land Report magazine in their latest edition as one of the top ten farmland auction firms in the county for 2012 and the top firm in the south.  See more details at kurtzauction.com.

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE Kurtz Auction & Realty Co.

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