Land Sale of the Week: $10,755/a in East-Central Illinois

 

Mike Walsten

The Nov. 18 auction of 556 non-contiguous acres provided a strong test for the Champaign County, Ill., farmland market. The six tracts, located south and northwest of Rantoul sold for a total price of $5,980,000. That figures to an average price of $10,755 an acre.

The farms were primarily all tillable. Of the total of 556 acres offered, 553 acres were tillable. The soil's Productivity Index on the six tracts ranged from 138 to 143 with 147 being maximum per Illinois Bulletin 811. The average PI across the full 556 was 141.

Handling the auction was Murray Wise Associates, LLC, Champaign, Ill., 217-398-6400.
 

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

 

Back to news


 

Comments

 
Spell Check

Ronnie
Dexter, MO
11/24/2015 02:10 PM
 

  Any buyer premium

 
 
g asher
roachdale, IN
11/23/2015 02:44 PM
 

  obviously no financial advisor on retainer !

 
 
Robert W Neill Jr, Real Estate Broker
Carrollton, MS
11/23/2015 08:55 PM
 

  It appears there are still a lot of buyers which is keeping prices somewhat steady.

 
 
Close