Last week was a big week for land sales in our area. There had been some farms sell over the winter in the area , but sales have been pretty slow. Here is what some of the sales were. These were all held at public auction.
Sangamon County 310 acres--$8300/acre
Macon County 160 acres - $7600
27.5 acres $7025
79.9 acres $7000
Logan County 90 acres $6800
142 $6550
140 $6800
Overall they were some pretty strong sales, and probably a little higher than I would have guessed. Buyers consisted of mainly investors, with a few farmers on the smaller tracts. To me this means that there is still a lot of interest in agriculture and farm land despite less than favorable economic conditions.
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