Tag Archives: tuesday
Farmland Prices Show Strength In Auction Of Benton County Farmland
OXFORD, Ind., Aug. 7, 2013 /PRNewswire/ — Demand for midwestern farmland continued to show signs of good health Tuesday when 345 acres of Indiana land sold for $3,612,840, with Schrader Real Estate and Auction Company managing the sale. Thirty-four registered bidders gathered at the Benton Central High School Cafeteria for the auction offering of six tracts, which resulted in prices as high as $10,640 per acre on tillable land. “If there’s weakness in farmland prices, we certainly haven’t seen any sign of it in Benton County, and in truth, we’re continuing to see strong competition and prices,” said R.D. Schrader, president of the auction company. “These prices were very good for the soil types, with most of the tillable land selling in two groups of tracts. Approximately 162 acres went for $10,640 per acre, and another 180 acres sold for $10,149 per acre,” he said. “We continue to be in a market where the supply of farmland is tight relative to the demand. That’s due in part to the usual seasonal variation, with crops in the field, but the longer term reality is that owners of farmland still don’t see a lot of alternative investments that offer the stability and long term returns farmland has provided. As long as that continues to be the case, we’ll continue to see good prices for farmland,” he said. Most of the Benton County land was located near U.S. 52 with frontage on CR 500 E. Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a leading auctioneer of farmland throughout the United States. Individuals seeking additional information about the firm and its auctions may visit www.schraderauction.com or call 800-451-2709. For more information: Carl Carter, 205-823-3273 SOURCE Schrader Real Estate and Auction Company RELATED LINKS http://www.schraderauction.com Continue reading
Tilbury Power Plant Closes After Biomass Grant Refused
http://www.ft.com/cms/s/0/50907714-0374-11e3-b871-00144feab7de.html#ixzz2bqG9g4oW By Guy Chazan One of Britain’s oldest power stations will close on Tuesday after the government refused to award it a subsidy to switch from coal to biomass. RWE npower, the energy supplier, said it had taken the “difficult decision” to shut down Tilbury on the river Thames in Essex after the government said a project to convert it to biomass was ineligible for its new low-carbon support mechanism. The decision brings the curtain down on a plant that has been generating electricity for 46 years and casts a shadow over Britain’s plans to source a growing proportion of its power from wood pellets. Tilbury B was scheduled to close under an EU environmental measure known as the Large Combustion Plant Directive (LCPD). Under the legislation, Tilbury was allocated a quota of 20,000 hours of operation from January 1, 2008. In 2011, RWE decided to switch it to biomass for the remainder of its LCPD hours, due to end at midnight on Tuesday. RWE had hoped to convert the plant from coal to biomass, which would have given it an extra 10-12 years of life. But after the Department of Energy and Climate Change decided the project was ineligible for its low-carbon energy subsidy, the “contract for difference”, RWE said the plan was “no longer economically viable”. The decision will be a blow to the biomass industry but will be welcomed by environmentalists, who have argued that increasing demand for wood pellets as a feedstock for biomass plants could lead to the destruction of biodiverse forests, as more land is taken up for tree plantations. A fire at the Tilbury biomass plant in February damaged storage units holding thousands of tonnes of wood pellets, weeks after the facility began commercial production. Continue reading
