Land Sale of the Week: $14,400/a in Central Illinois

 

Mike Walsten

A mid-December auction of nearly 300 acres in central Illinois reflects the steady demand that still exits for quality farmland in highly competitive areas. This auction featured 295 acres total acres with 290 acres tillable. The ground was located southwest of Chatham in Sangamon County. Chatham is south of Springfield. That area features some very large, highly competitive farm operations, which compete for ground through aggressive cash rents.

The Dec. 17 auction saw the 295 acres offered as three parcels averaging about 98 acres in size. The Productivity Index (Illinois Bulletin 811 with a maximum of 147) on the three parcels ranged from about 136 to 140 an averaged 137.4 across the whole farm.

Selling price was $14,400 per acre with the buyer taking the entire parcel.

Handling the auction was Reid Thompson, AFM, Hertz Real Estate Services, Monticello, Ill., 214-762-9881.

For more information about LandOwner, please click here or call 800-772-0023.

 

Back to news


 

Comments

 
Spell Check

Jim
Bowling green, OH
12/30/2014 09:53 PM
 

  Was it bought by investor or a farmer? How do you cash flow a purchase like thi?46B33DA2FC58

 
 
Ronnie
Dexter, MO
12/30/2014 05:21 PM
 

  Buyer premium sure would be handy if these articles would say if there was one or not

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close