Business Details
50+ Years
experience
Trusted Real Estate & Farm Equipment Auction Services
Founded in 1944, our company has built a legacy as a leader in real estate and farm equipment auctions. Our team combines decades of industry experience with innovative strategies like the proprietary M3 Multi-Tract Method to maximize value for clients. We prioritize personalized service, conducting over 300 auctions annually across 40 states while maintaining a commitment to integrity and client satisfaction.Our in-house marketing team leverages advanced technology and creative expertise to ensure broad exposure for every property. With 400+ years of combined experience and a nationwide network of partners, we deliver results-driven solutions tailored to each client's unique needs.
Services
Real Estate Auctions
Farm Equipment Auctions
Property Appraisals
1031 Exchange Services
Online Bidding Platform
Land Auctions
Commercial Auctions
Timberland Sales
Recreational Land Auctions
Estate Settlement Services
Details
- Year established: 1944
Highlights and features
- Established in 1944 with deep agricultural expertise
- Conducts over 300 auctions annually nationwide
- Inventors of the patented M3 Multi-Tract Auction Method
- 400+ years of combined industry experience
- Award-winning in-house marketing team with 150+ national awards
What people say
Smooth professional spectacle
Raised prices beyond expectations
Nation's most respected auction company
Maximum value for clients
Award-winning marketing team
Services
Real Estate Auctions
Our proprietary M3 Multi-Tract Method divides properties into customizable tracts, allowing buyers to bid on specific parcels or combinations. This approach maximizes competition and sale prices while providing flexibility for buyers. With 30+ years of refinement, our system has facilitated over $350 million in annual sales and 100,000+ acres sold annually.
Farm Equipment Auctions
We conduct approximately 200 equipment auctions annually, handling both single-owner dispersals and consignment sales. Our mobile operations team ensures seamless onsite processing while our national bidder network guarantees maximum exposure. Services include timed online auctions, live bidding, and comprehensive clerking support.
Property Appraisals
Certified appraisers provide accurate valuations for agricultural properties, estates, and commercial assets. Our team combines soil analysis, market trends, and transaction data to deliver defensible valuations. Services support estate planning, financing, and 1031 exchange requirements with date-of-death appraisals available.
Online Bidding Platform
Our proprietary bidding system supports live and timed online auctions with real-time graphical tracking. Bidders access secure platforms via desktop or mobile devices while our technical team provides live support during auctions. The system integrates with GIS mapping for enhanced property visualization.
1031 Exchange Services
We facilitate IRS-compliant 1031 exchanges through strategic property marketing and qualified intermediary partnerships. Our team coordinates timing requirements while maximizing sale proceeds through competitive auction processes tailored to exchange timelines.
People
Rex D. Schrader
President
Third-generation auction professional with 30+ years of experience. Holds M.S. in Agricultural Economics. Leads strategic direction and innovation initiatives while maintaining active involvement in major auctions.
Fred Geyer
Appraiser
Certified agricultural appraiser specializing in farmland valuation. Provides expert testimony and consultation for estate planning, lending, and tax purposes across Indiana's rural markets.
Leslie Basinger
Marketing Team Leader
Creative director with 15+ years managing award-winning campaigns. Oversees graphic design, digital marketing, and GIS mapping teams responsible for 150+ national advertising awards.
Questions
What auction methods do you use?
We use the patented M3 Multi-Tract Method, allowing bidding on individual tracts, combinations, or entire properties to maximize competition and prices.
Do you handle out-of-state properties?
Yes, we conduct auctions in 40+ states with nationwide licensing capabilities and local market partnerships.
What payment methods are accepted?
We accept ACH payments, cashier's checks, personal checks, and corporate checks for auction purchases.
How are properties marketed?
Properties receive dedicated web pages, aerial photography, video tours, and targeted advertising through our award-winning marketing team.
Do you offer appraisal services?
Yes, our certified appraisal team provides accurate valuations for farmland, estates, equipment, and commercial properties.
Videos
Reviews (7)
Judy Christine Brown
Dec 05, 2021
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We were very pleased with the results of our land auction. Mark Smithson and his staff performed in a very professional manner. The results exceeded our expectation. We would highly recommend Schrader auction and especially Mark Smithson if you are considering a land auction.
Sandee Gorski
Jul 07, 2021
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Schrader's staff are extremely professional, helpful and motivated to do their best for the customer. special thanks to Gary Bailey, Phil and Erika Wolfe, and Rey.
Amy Ingram Bertling
May 12, 2021
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Purchased John Deere 4240 last week. specifically asked about gauges and was told that they all worked; none of them work and there was barely any oil on the dipstick.
Kevin Erika Nestleroad
Nov 30, 2020
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I understand with the health departments making changes to the way auctions are held it can be tough to decide weather or not to have a on-site auction or do the on-line only thing,BUT please keep your staff informed on how the sale will be held!!!!Went to preview on Friday and was told by a guy in the Schrader trailer there would be NO ONSITE… BIDDING,Said that I should sign up online and that they didn't want to do phone bidding bc of the lack of staff to handle those calls but finally with a little persuasion took my name and #... Saturday came along and I decided to run out past the
Marianne Testa
Feb 16, 2020
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I can’t thank Schrader Auction enough for making our experience such a positive one. Transitioning into a new chapter in a farming operation is an emotional experience, but Schrader’s helped to make it an easier process. On the day of (and the days leading up to and after) the auction the entire team was extremely professional, kind, and… supportive. Special thanks to Jim Hayworth for patiently answering the many questions, guiding us through the process, and for graciously making last minute adjustments. Very professional, respectful, and supportive. We are especially appreciative
Jodi Lynn
Mar 12, 2019
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They show property to people for an auction. Then promise to call if anything changes with the parcel. But lo and behold we go to the auction ready to bid on our parcel, only to find out it became a swing lot without us being notified before the auction. Not happy campers to find out we would have to buy more than one parcel just to get on the only parcel we wanted. Very bad business. Then treat us indifferently when we happen to catch it and ask about it right before it starts. Worse auction company around, and I will spread the word on that
Debbie Williams
Jan 01, 2019
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Very disappointed in there system, we just drove 1 1/2 hours to attend one of there auctions that we had online bid a item. When we arrived the item had already went threw sale so we went and ask if we won it and was told YES. So we stuck around and bid on other items until we could get in to pick up our goods and when we went in to pay for items… was told someone else bought it for the same price we bid online! Must be if you know the auctioneer that’s what counts for them folks, will never attend another of there auctions and I’ll be sure and spread the word!
