Land Sale of the Week: $16,000/acre in Western Illinois

April 7, 2016 10:31 AM
Land Sale of the Week: $16,000/acre in Western Illinois

By Mike Walsten

An April 2 auction in Adams Co., Ill., saw cropland bringing $7,400 to $16,400 an acre and cropland/pasture bringing $2,700 an acre. The eye-blinking $16,400 an acre was bid for Tract 1, which was located three miles south of Ursa along a U.S. highway. It was 100% tillable and carried a soil PI of 139.7 versus a maximum PI of 147 per Bulletin 811.

Tract 2 was located 3.5 miles north of Camp Point and offered 88 acres of mostly cropland. Some 80 acres were listed as tillable and that ground featured a soil PI of 130.5. The balance of the offering was waterway and wooded draws. It sold for $7,400 an acre.

Tract 3 consisted of 26 acres and was located next to Tract 2. It was irregularly shaped and featured 17 acres of rolling cropland. Its soils carried a PI of 96.9. It sold for $2,700 an acre.

Handling the auction was Sullivan Auctioneers, LLC, Hamilton, Ill., 844-847-2161.

If interested in seeing a copy of LandOwner, just drop me an email at or call 800-772-0023.

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Spell Check

hendrum, MN
4/11/2016 09:50 PM

  I would like to see Mike flesh out what drives some of these incredibly high land prices. There was no acreage given in tract 1 that sold for $16,400 an acre. Did this tract have commercial potential? Was it coveted by a nearby feedlot that needed the parcel for expansion? It would be good to know these things. Otherwise people will come away thinking farmland in Illinois is selling for $16,400 an acre.

Yutan, NE
4/12/2016 05:17 PM

  These reports can be so misleading. Everything is relevant as MN Steve noted. We all seem to hear about the really high and the really low sales. The most accurate measure of the market is somewhere in between and those sales are not sensational enough to make the headlines.


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