On the Block: 3,379 acres of Farmland in Boone County, Illinois

On the Block: 3,379 acres of Farmland in Boone County, Illinois

Schrader Real Estate & Auction Company will manage the sale of the 48 tracts, which total some 2,900 tillable acres. “It’s possible that we will have some large investors seeking to purchase substantial amounts of land, but local farmers and investors seeking 100 acres or less will have an equal chance to buy the land they want,” says R.D. Schrader.

Located five miles east of Rockford, the tracts range in size from 2± acres to more than 200 acres and will be available for the 2012 crop year.

Date: 10:00 a.m. central time, November 19, 2011

Location: Community Building Complex of Boone County
111 W. 1st Street, Belvidere, Illinois 61008
Phone: (815) 547-3928

For more information:
Schrader Real Estate & Auction Company
(800) 451-2709
www.SchraderAuction.com

Southwestern States Enduring Extreme Drought

Southwest drought

More than three-quarters of the Lone Star State is enduring extreme or exceptional drought conditions. Parts of the Oklahoma panhandle have gone without rain for over eight months. Some 9,000 wildfires have ravaged 2+ million acres of Texas terrain, including a substantial amount of pasture land.

Old timers are saying that the only difference between today’s drought conditions and the Dust Bowl days is they had water back in the 1930s.

“You hope God gives you the strength to get over the drought,” Matt Farmer, 51, told the Los Angeles Times. “If I fail, I’ve let my father and my father-in-law down. They all made it.”

Climatologists are blaming the current conditions on shifting rainfall patterns.

“‘Global weirding’ is the best way to describe what we are seeing,” said Katharine Hayhoe, a climate scientist at Texas Tech University. “There is a lot going on these days that’s not what we are used to seeing. What’s happening is our rainfall patterns are shifting. In some places it means more heavy rainfall, in some places it means more drought, in some places it means both.”

Read the complete story HERE.

Brazil to Issue Deeds to Thousands of Landowners in the Amazon Basin


Brazilians have long feared that foreigners were exploiting great expanses of the Amazon River Basin, a story we covered earlier this year when the Brazilian government began to investigate unlawful land sales to overseas interests. Now the country has established a program to ascertain ownership of farms of all sizes and streamline the process by which landowners can get deeds to their property. The root cause of this initiative? Less than 4 percent of privately owned land in the Amazon is actually deeded. Read more

Top Ethanol Producer Files For Bankruptcy


One of the leading stories of 2008 has been skyrocketing commodity prices and the corresponding surge in land values throughout the Midwest, Great Plains, Southwest, and other mineral-rich areas of the country. Although the bubble has by no means burst, there are definitely signs of a slowdown, particularly given the recent bankruptcy filing by one of the nation’s largest ethanol producers, VeraSun Energy Corp. Read more