The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
Record prices for quality farmland keep coming. This time it was in central Illinois' McLean County where 160 acres were auctioned today via a sealed-bid auction. The tract is located six miles west of Bloomington in an excellent location along a state highway. There was a total of 159 tillable acres on the property. The soils carried a 139.2 Productivity Index (147 is maximum). There were two grain bins with dryer, a machine shed and a crib. And, best yet, according to auctioneer Wally Yoder of Soy Capital Ag Services, Bloomington, Ill., who handled the sale along with broker Brian Thompson, "it doesn't take water from anyone." All these resulted in a winning bid of $14,100 an acre, a new county record, Soy Cap's David Klein tells us. The tract was offered in two parcels. The winning bidder took both parcels.
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