Land Auction Land Prices

John B. · Nov 14, 2015

Our neighbors here on the south side of Highland IL., sold their farm Thursday evening at a public auction, here are the results;

Tract 1 - 48.2 acres sold for $9000.00 an acre - all tillable - joins city limits

Tract 2 - 29.5 acres sold for $5700.00 an acre - all wooded and included an old barn and brick silo

Tract 3 - 40.4 acres sold for $11,100 an acre - all tillable

Tract 4 - 40.2 acres sold for $11,200 an acre - all tillable

Now 2 miles from where I grew up in Shiloh Illinois next to Scott Air Force Base and O'Fallon IL., a tract of land which consisted of 45 acres that we use to rent and farm, sold for $40,000,000.00 yes $40 million that McKendree College located 6 miles away in Lebanon IL bought to build two ice skating rinks since the college has a hockey team. Sports are everything now days it seems like.

ed in cny · Nov 14, 2015

Where's the 500.00 an acre gone? Around these parts in the 70's and 80's there was a lot of it now there's a land war for every possible piece workable or livable. Trust me on the livable. It could be ledge and someone will manage to build there. I'm looking for a good 5-10 acre plot in some range that I can justify and just haven't seen it out there.

Thanks for the auction info.

David G · Nov 14, 2015

Supply and demand, they are not making more land, but are making more people.

Spook · Nov 14, 2015

I hate to say it, but you will never see $500 per acre on farm land. You might never see $5000 per acre.

paul · Nov 14, 2015

The comments above was exactly what they were saying in the late 1970s. Word for word. Land was $3000 to $3200, up from $900-1200 a few years earlier.

In the second part of the 1980s the bank couldn't sell the property across the road for $950. Think the fella there paid $800 for it.

Takes a few years to bleed off the equity we have.......

Paul

ss55 · Nov 14, 2015

If the land is located only 30 miles from downtown St. Louis, MO, that might influence the sale prices because it could be used for other things besides farming.

bock · Nov 14, 2015

how can a college justify spending that kind of money for hockey rinks is that taxpayer money buying the land if it is no wonder our taxes are so high back when i went to school there were 7-8 teachers in all of high school in the small school of waltonville il know there is a whole parking lot ful of teachers and teachers aids but still same amount of kids,and this was only 25 years ago,

gene bender · Nov 14, 2015

There is always a story behind land prices few yrs ago local land bought 9000A fellow who bought it was 92yrs young must have been doing something rite.

wilson ind · Nov 14, 2015

Maybe you are correct, however many my self included, doubted ever seeing gasoline below two dollars per gallon.

Spook · Nov 14, 2015

Yup. But they are pumping more oil now than ever, that's why prices are down. They aren't making any more land.

bison · Nov 14, 2015

I bought my 11 quarter ranch in 93 for 22.000 per quarter.
Today land near me has been fetching 400.000 and up per quarter at auctions.

This is in Northern Alberta (1000 km north of the US border)

1206SWMO · Nov 14, 2015

In the mid-late 1980's farm land in my part of MO fell from $1000-1200 per acre down to $300-500 per acre...Its now back up to $3000-4000 per acre...

Bruce from Can. · Nov 14, 2015

It is not so much the land value has gone us , as it is about the dollar value has gone down. When I was a kid , I could buy a candy bar , bottle of pop, or an ice cream for a dime . Can't buy any of them for a dollar now. Are they worth more ? No , the money is worth less. Oh ya , I am not 100 years old either.

Brown Swiss · Nov 14, 2015

Not part of the topic but how are you doing Bison from the drought you had up there, finding feed for your critters? I
can all to well remember the drought we had in 2012, wasn't all that bad but made for a bad winter! Hope is all well
for you!

john in la · Nov 14, 2015

Like I have always heard.

A farmer dies land rich and money poor

Frank41 · Nov 14, 2015

My exlandlord sold his 160 too cheap in 1968 to the jr college in Belleville, not to far away from this land. But his SIN and granddaughter made up for it when they sold the 160 across the road a few years back. Location, location!!

bison · Nov 14, 2015

(quoted from post at 17:35:32 11/14/15) Not part of the topic but how are you doing Bison from the drought you had up there, finding feed for your critters? I
can all to well remember the drought we had in 2012, wasn't all that bad but made for a bad winter! Hope is all well
for you!

found enough pea straw and wheat straw to supplement what little hay i got,.. I also bought 4000 bushel oats.
Hopefully it is enough to get me trough the winter.
I started feeding 3 weeks ago but the herd has been on the self feeder since late august as there was little grass left.

It is still bone dry and as of today we have not had any snow to speak of yet either.
It is beautiful weather for the time of year though, still above freezing and sunny.

cuby · Nov 15, 2015

120a 1 mile north of me here in west central Ia just sold privately for $8500.00 per acre. I was told that 90 acres of that was good tillable land,balance is so-so land.

W_B · Nov 16, 2015

I'd had hopes of buying some or all of the 100+ acres all around me and putting the old farm back together. My little acreage, house and out buildings were sold off to another party that we bought it from, but the crop ground was kept in the family and passed to the two children and grandkids. At the prices y'all are quoting here it looks like it will never happen for us. Probably just as well since we are nearing retirement and will want to cut back on the critters and the need for more land.

Land Auction Land Prices

John B.

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ed in cny

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David G

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Spook

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paul

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ss55

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bock

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gene bender

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wilson ind

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Spook

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bison

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