Your Precious Land
Mike Walsten has covered major business trends in agriculture for more than 40 years.
$16,000 for Central Illinois Farmland!
Apr 04, 2013
Central Illinois saw a new high price of $16,000 an acre paid for quality farmland March 15. The auction, conducted by Worrell-Leka Land Services, LLC, Jacksonville, and called by Darrell Moore, Winchester, featured 596 acres in Cass and Morgan counties. Four of the tracts, featuring 308 acres of PI 128 to 142 (maximum 147) land are located northeast of Litterberry in Morgan County. Two tracts, featuring 288 acres of PI 121 and 124 land are located south of Virginia in Cass County.
The record-breaking price came on a 96-acre tract, the first tract offered, which was 100% tillable and featured high-quality soils with a PI rating of 142.3. Tract 2 also contained 96 acres, nearly all tillable, and carried a PI rating of 141.4. It sold for $15,400 an acre. Tract 3, which featured 48 acres, 98% tillable, and a PI of 138.8, sold for $11,700 an acre. Tract 4, which contained 68 acres, 78% tillable, and a PI of 127.7, brought $8,125 an acre. Tract 5, 76 acres located in Cass County, carried a PI of 124.2. It sold for $5,150 an acre. Tract 6, 213 acres also located in Cass County, featured a PI of 120.8 and a CRP contract paying $100.75 per acre on 46 acres until 2017. It brought $5,150 an acre.
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