THE LORANDA GROUP, INC

On Thursday, December 10th, we conducted an auction of 83 +/- acres in southwestern McDonough County, IL.  The property was offered in 2 tracts and presented bidders with both tillable farmland and woodlands.  Tract 1 featured approximately 30.9 tillable acres of Class B/C soils; Tract 2 featured approximately 38 tillable acres situated in 3 tillable fields.  Active bidding was present on both individual tracts, and the whole farm.  Ultimately, the whole farm bidder prevailed.  The final sale results were:

Tract 1 + 2 (83.55 Acres) – $265,000 or $3,171.75 per acre.

To download more details from the auction, click here.

This previous Friday, December 4th, we conducted an auction of 217 +/- acres in southern LaSalle County, IL.  The property was offered in 2 tracts and presented bidders with tillable farmland, pasture/woodlands, and a creek.  The final sale results were:

Tract 1 (93.08 Acres) – $390,000 or $4,189.94 per acre; B/C Soils; FSA considered this tract to be mostly tillable land, although 22 acres had been enrolled in CRP previously and were not in production at the present time;

Tract 2 (124.69 Acres) – $590,000 or $4,731.73 per acre; A/B/C Soils; 69% Tillable, with the balance in pasture/woodlands, and divided by a creek.

The overall price for the entire 217.77 acres was $980,000, or $4,500.16 per acre.

Click here to download more details from the auction.