billonthefarm
Member
- Location
- Farmington IL
Just back from the land auction I went to this morning. If you cut and paste this web address it will take you to a sale bill.
http://www.biddersandbuyers.com/ads/010909johnson.htm
This is in Salem township, Knox county IL. After the survey there was a total of 658 contiguous acres of farm ground. No buildings. According to the FSA office there was a total of 24 non tillable acres and tract 4 had 10 of them. It was all highly productive prarie soils that had been well taken care of by the tenant who had been there for 20 years. No brushy fence rows, weeds had been mowed, waterways were maintained and every thing looked like you would want it to. Some of this farm had been in the farmily since 1842.
Tract 1 was 124.4 acres and sold for 7200/ac.
Tract 2 was 122.3 acres and sold for 7450/ac.
Tract 3 was 103.4 acres and sold for 6700/ac.
Tract 4 was 125.7 acres and sold for 7650/ac.
Tract 5 was 138.9 acres and sold for 6300/ac.
Tract 6 was 43.6 acres and sold for 5600/ac.
All tracts were sold individually.
Tracts 1,2,3,4 were bought by a large close farm operation. Tract 5 went to the farmer who was the tenant. Tract 6 went to another farmer from just down the road.
I have heard land prices are down 15-20% but it looks like prime farm ground is holding up pretty well. No one was really suprised by any of the prices. Alot of people didnt think it would go this high but good productive farm ground is always expensive.
I had a doughnut, a can of pepsi, talked to some friends and made sure I didnt wave at anybody. Of course when everybody wanted to know who had bought the first 4 tracts I just told'em "I did"! We had a good laugh.
bill
http://www.biddersandbuyers.com/ads/010909johnson.htm
This is in Salem township, Knox county IL. After the survey there was a total of 658 contiguous acres of farm ground. No buildings. According to the FSA office there was a total of 24 non tillable acres and tract 4 had 10 of them. It was all highly productive prarie soils that had been well taken care of by the tenant who had been there for 20 years. No brushy fence rows, weeds had been mowed, waterways were maintained and every thing looked like you would want it to. Some of this farm had been in the farmily since 1842.
Tract 1 was 124.4 acres and sold for 7200/ac.
Tract 2 was 122.3 acres and sold for 7450/ac.
Tract 3 was 103.4 acres and sold for 6700/ac.
Tract 4 was 125.7 acres and sold for 7650/ac.
Tract 5 was 138.9 acres and sold for 6300/ac.
Tract 6 was 43.6 acres and sold for 5600/ac.
All tracts were sold individually.
Tracts 1,2,3,4 were bought by a large close farm operation. Tract 5 went to the farmer who was the tenant. Tract 6 went to another farmer from just down the road.
I have heard land prices are down 15-20% but it looks like prime farm ground is holding up pretty well. No one was really suprised by any of the prices. Alot of people didnt think it would go this high but good productive farm ground is always expensive.
I had a doughnut, a can of pepsi, talked to some friends and made sure I didnt wave at anybody. Of course when everybody wanted to know who had bought the first 4 tracts I just told'em "I did"! We had a good laugh.
bill