Land Sale of the Week: $15,200/a in North-Central Illinois


Mike Walsten

The Dec. 2 auction of 61.3 acres of prime Illinois farmland saw active bidding carry prices up to a final selling price of $15,200 an acre. The farm was located just north of Roanoke in Woodford County and was all tillable.

The soils were prime, grade "A" with a PI of 141.9, with 147 being maximum per Illinois Bulletin 811.

According to John D. Moss, president, The Loranda Group, Inc., Bloomington, who handled the auction, bidding opened at $9,500 an acre. Two bidders took it to $13,000 where it temporarily stopped. Then a third bidder jumped in and took it to $15,200 an acre. All three active bidders were local farmers. There were 18 registered bidders with a total attendance of 75. The Loranda Group, Inc., can be reached at 800-716-8189.

While this was a highly successful auction, not all auctions are bell ringers. For instance, a Dec. 10 auction of 160 acres in Ford County, Ill, brought only $8,100 an acre. It was 99% tillable and featured a soil PI of 142.2. In addition, a sealed-bid auction in Morgan County requiring a minimum bid of $13,000 an acre failed to attract an offer.

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

abilene, KS
12/15/2015 01:40 PM

  My grandfather always told me there's a sucker born every minute in this story I'd say there was more than one

Dexter, MD
12/12/2015 06:33 AM

  Any buyer premium

Perham, MN
12/14/2015 01:46 PM

  Thank you for including some additional sales, that help put this into prospective. It's a high quality piece that had enough buyers that it pushed the price. Whereas the others were lacking the necessary buyers for similar ground. Location is everything!


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