SOURCE: John Dixon & Associates
MARIETTA, GA--(Marketwire - Aug 14, 2012) - Approximately 1,874 acres of farmland in Georgia's Macon and Dooly counties will sell at auction Thursday, Aug. 30, with John Dixon & Associates managing the sale.
"Farmland has been the hottest category real estate nationwide for the last two or three years, and it's very rare to see this much Georgia farmland selling in an auction, so this is a rare opportunity for farmers or investors," said John Dixon, president of the auction company.
The land will sell in 19 tracts, ranging in size from 8.5 to 831 acres. The Dooly County land includes 1,098 acres, of which the Farm Service Agency (FSA) designates 833 acres as cropland with 988 base acres. The Macon County land includes a total of 776 acres, with 443 designated by FSA as cropland with 500 base acres. Most of the land has been used previously to grow peanuts and cotton.
"Dooly and Macon have some of the best farmland in Georgia, and the vast majority of this land is tillable and suitable for cotton, peanuts, soybeans, wheat, vegetables and other crops," said Dixon. "There's really been a shortage of farmland on the market nationwide, so I expect this land will attract considerable attention from neighboring farmers and investors."
Dixon said he expects the land to appeal to investors seeking to accumulate and lease farmland without paying the high prices currently seen in the Midwest. "Southern farmland is far less expensive and is an excellent value. Investors who are hesitant to pay $10,000-plus per acre will find that there are excellent returns and appreciation potential to be had here in Georgia," he said.
The auction will also include farm equipment, including a tractor, combines and other farming machinery, with Midway Machinery & Auction LLC managing the equipment sale.
The auction will be held on the Dooly County property, beginning at 10 a.m. Individuals seeking additional information or directions to the property may visit www.johndixon.com or call 770-425-1141.
John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of residential, commercial and agricultural properties.