The Hancock-Henderson Quill, Inc.
by Dessa Rodeffer, Quill Owner/Publisher
An excellent offering of highly productive Western Illinois farmland located southwest of Raritan brought a good return for the Strand Family Trust. (Trustees: Pauline Oge, Jeanette Lafayette, and Carol Meyers).
. The 248.85 acres of rich Muscatune & Osco Silt Loam soils, sold for over two million dollars this Tuesday, November 28th at St. Patrick's Community Center in three equal tracts of 82.95 acres each at final survey.
Van Adkisson Auction Service auctioned the farm for a total of $2,036,422.50, averaging $8,188.33 an acre which included a farm house, bins and sheds. All three farms have ideal hard surface road frontage and have been exceptionally well cared for, Van Adkisson said.
Tract 1 sold the highest at $9,300 an acre. It was bought by Pat and Brenda Brokaw, of rural Raritan for a total of $771,435.00. The Brokaws had farmed the Strand farm and have land bordering the farm.
Tract 2- sold for $8,500 an acre. It went to Dr. Dan Peasley, of rural Stronghurst for $705,075.00.
Tract 3- sold for $6,750 an acre. It went to Jon Corzatt, of Rural Media for a total of $559,912.50.
Adkisson was pleased with the auction where around 75 attended.
"Land auctions have been fairly stable," he said.
According to his website at www.vanadkisson.com. a week earlier at two previous auctions, a 341.25 acre farm in Warren and Knox Counties sold in 5 tracts between $3,200 and $5,100 per acre (averaging $4,095) in the Richard E. Shugart Estate for a total of $1,412.775.
The next day on November 18th, Adkisson auctioned off a 176.57 acre farm in 4 tracts one mile east of Blandinsville, in McDonough County, at the Roger S. Robeson Estate which included a farm house for a total of $1,120,416.50. In that sale, Tract 1- 53 acres sold for $10,500 an acre for $132,500. Tract 2- 98 acres sold at $9,100 an acre = $891,800. Tract 3- a house with 4.65 acres sold for $107,500. Tract 4- a rolling tract of land 20.57 acres sold at $4,150 an acre for $85,366.50.