Investor Purchases IL Farmland At A record Price

Central Illinois saw the price of quality farmland move to a new plateau last month when 159.8 acres of McLean County cropland sold for a record $14,100 per acre. The land featured 157 billable acres and had 77.5 farm program corn base acres with a direct yield of 121 bu. per acre and 76.3 soybean base acres with a farm program direct yield of 37 bu. per acre.

The auction saw 53 bidders for the land. The farm was purchased by an investor.