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Schrader Real Estate Offer Farmland & Wind energy Lease at Auction

Power News - Published on Tue, 17 Sep 2019

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A 337 acre farm with income-producing wind power leases will be offered at auction October 2, with Schrader Real Estate and Auction Company marketing the property and conducting the event. The auction will include wind rights from four wind turbines leased through 2043 with potential for renewal through 2053. The assets will be offered in four tracts land tracts of 135 acres, 122 acres and 80 acres, with a fourth tract consisting of the assignment of rents on the turbines. The property also benefits from an agreement to spread manure.

Mr RD Schrader, president of the auction company said that “These tracts offer a significant opportunity for investors, as well as operators. Bidders will be able to bid on a single tract, any combination of tracts or the entirety.”

All three land tracts are mostly tillable, according to Mr Schrader representative Jason Minnaert. He said that “This is good productive land, and if the land and wind rights are bought together, the buyer will have a steady income stream for many years to come.”

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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