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Land Sale of the Week: $11,700/a in Central Illinois

15:49PM Dec 12, 2014

Mike Walsten

A recent sale in normally strong central Illinois may reflect the increasingly sober view crop producers are taking toward 2015-2017 income prospects. The auction occurred Nov. 21 and featured 151 acres located 12 miles southwest of Bloomington/4 miles south of Stanford. The ground was level to gently rolling as much of McLean County is with no buildings or improvements. There were 141 tillable acres on the farm.

The soils were excellent generating a Productivity Index rating of 140.5 on the Illinois Bulletin 811 rating which has 147 as the maximum. The PI on the cropland acres was 141.3. However, there was a small stream cutting through the property, which included a bridge over the stream and a portion of the property being cut up into irregular-shaped, hard-to-farm fields. That may have been a factor, as well.

The farm brought $11,700 and acre. The price seems soft compared to some others recently in the county, but those offerings did not include the stream, bridge and cutup fields.

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