Big Test Ahead for Illinois Farmland and Central Plains Ranchland Markets
Oct 16, 2013
Upcoming auctions of large, unique properties in central Illinois and in western Kansas and Nebraska will prove interesting tests for each area's land markets. On Nov. 1, The Loranda Group of Bloomington, Ill. will auction the 960 contiguous acres of the Roller Trust Farm located near Newman, Douglas Co., Illinois. The farm contains approximately 947 tillable acres and is improved with grain bins and storage sheds. It features high-quality soils with a topography that ranges from nearly level to gently sloping and recently installed underground tile. The farm has a long history in the area, dating to the late 1800s. It is famous for producing corn yields in excess of 200 bu. per acre during the mid-1960s and hosted several farm field days as a result.
Meanwhile, the Central Plains will see the auction of more than 40,000 acres of western Kansas and Nebraska ranch and farmland starting Oct. 22. Offered by Hall and Hall Auctions, Eaton, Colo., the first auction on Oct. 22 features the Bliss Ranch located in the Sand Hills of Nebraska. The ranch, west of Valentine, will be offered in three tracts ranging from 1,466 acres to 2,842 acres, all comprised of heavy grass. A ranch-style house is included as well.
Following that on Nov. 7 & 8, the 33,667-acre Hager Farm and Ranch will be auctioned. It is comprised of 16,346 acres of farmland and 17,321 acres of ranchland located in six counties throughout Western Kansas. The auctions will be held in Leoti, Meade and Scott City, Kan., with the equipment auction set for Dec. 4.
The size of these offerings makes them especially notable. It will be interesting to see how each area's market handles the sudden availability of quality farm and ranchland.
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