HALDERMAN REAL ESTATE SELLS 987 ACRES OF ILLINOIS LAND FOR $10,000,000
Clark County Land Sells for $10,021 per acre.
Wabash, IN: The small town of Casey, IL has the motto “Big Things in a Small Town” and they recently hosted a “Big Auction” at the local VFW. A capacity crowd gathered to watch as Halderman Real Estate sold a historic 987 acre farm owned by Blue Mound Farm LLC to one buyer.
The Clark County land was divided into 11 tracts for the auction allowing everyone the chance to purchase part of the farm. As the auctioneer worked through the individual tracts the excitement in the room began to grow and the total of all tracts ended on $6,050,000 or $6,124 per acre. That total was used as a starting point for the bidding on the whole farm. It was evident that there were buyers in the room that wanted to keep the farm together as the bidding on whole farm quickly pushed the bid higher. When the auctioneer opened the bidding up to any combination of tracts there were no bids as the whole farm bidding once again pushed upwards to the final selling price of $10,197,000 or $10,322 per acre, including the buyer’s premium. The well maintained, productive farmland is once again owned by one buyer.
“The success of this sale is a direct result of the family’s care, stewardship and effort to make this farm exceptional over many generations,” stated Howard Halderman, President of Halderman Real Estate and Farm Management. “The crowd was fantastic, energized and the bidding pace perfect to help achieve the final sales price. It was an honor to represent the Blue Mound Farm owners.”
For more sales results or to view our upcoming auctions visit our website at Halderman.com. If you have a farm real estate need or question, Halderman Farm Management and Real Estate can provide comprehensive proposals at no charge. Contact us toll free at 800-424-2324.
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