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

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

Mike Walsten

Strong prices for quality ground were paid March 20 for a total of 244 acres in Fulton Co., Illinois. The farm in question was located two miles east of Fairview or about 6 miles northwest of Canton. The property was offered in three tracts, each totaling about 80 to 81 acres.

Tract 1 was the bell ringer bringing $15,800 an acre. It consisted of 81 acres with 80 acres tillable. It was rectangular in shape, making it easy to farm. The soil PI on the tract was 142.2 with 147 the maximum per Illinois Bulletin 811. The auction was "choice and privilege" with the high bidder on the first round taking only Tract 1.

The second round of bidding saw Tract 2 sell for $12,000 an acre. It consisted of 81 gross acres with 69.5 acres tillable. There was a farmstead and trees on the property. The soil PI was 139.8. It sold for $12,000 per gross acre or just a little under $14,000 per tillable acre. The same person who bought Tract 1 took Tract 2.

Tract 3 featured 81.6 gross acres and 80 tillable acres. It carried a soil PI of 141.3. It brought $14,200 an acre. The same person that purchased Tracts 1 and 2 bought Tract 3.

Handling the auction was Doug Hensely, Gorsuch-Hensely Real Estate & Auction, Inc., Canton, 309-647-8811.

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

 

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Comments

 
Spell Check

Joe
Fowler, MI
7/31/2015 10:20 AM
 

  wonder if $16000 land is flood and drought resistance?

 
 
ron
forbes, ND
3/27/2015 01:57 PM
 

  stuff like this makes it hard for most people to make a living farming

 
 
kevin hull
hallsville, MO
3/27/2015 07:59 PM
 

  If you have that much money to spend knowing in 30 years you will never have a return why not retire and let someone who is a young farmer have a chance ?????? No you have to farm the whole county, dispickable arrogant narcacistic !!! Unless you are being it and giving it to your son or daughter to continue the legacy! Just my thoughts

 
 

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