Upcoming Farmland Auctions in Illinois: February 2025

As we head into February 2025, the agricultural community in Illinois is abuzz with anticipation for a series of farmland auctions set to take place across the state. According to auction data compiled by the Successful Farming team, more than 5,100 acres of prime farmland are scheduled to change hands in the coming month. From single tracts to multi-parcel sales, here’s a closer look at some of the noteworthy auctions happening in 24 Illinois counties.

Livingston/Ford/Iroquois Counties

Starting off the auction season is a significant event spanning Livingston, Ford, and Iroquois counties. A total of seven tracts totaling 663 acres will be up for grabs in an online-only auction on February 28, 2025. The high bidder will have the option to choose any of the tracts for their bid, with the remaining tracts continuing to be available until all are sold.

This auction, managed by Sullivan Auctioneers on behalf of P&P Gray Farms, Inc., has garnered substantial interest from both local farmers and investors. The tracts, ranging in size from 40 to 156.24 taxable acres, boast impressive Productivity Index (PI) ratings ranging from 117.3 to 130.5. Tract 4 even includes a steel frame building and 5 grain bins, adding to its appeal.

Edgar County

Another notable auction taking place in February is the sale of six tracts in Edgar County, totaling 550 acres. Scheduled for public auction on February 5, 2025, these well-maintained farms have been a focal point of attention. With a 3-year yield history showcasing impressive corn and soybean production, these tracts offer a lucrative opportunity for prospective buyers.

Gershwin Farm & Land Realty will oversee the auction on behalf of Koller, Magna, and Milkin Trusts. The tracts, ranging from 64.13 to 117.25 surveyed acres, feature PI ratings between 129.5 and 140.5. Tract 5, in particular, comes with a farmable terrace system with drainage tile, enhancing its agricultural value.

Other Farmland Sales

Aside from these highlighted auctions, a plethora of other farmland sales are expected to take place throughout February in Illinois. With at least 30 auctions on the horizon, the majority of these sales will be conducted online. Additionally, some tracts with a smaller tillable acreage are being marketed as income-producing hunting properties, catering to a diverse range of buyers.

As the auction season unfolds, the Illinois farmland market is poised for significant activity, attracting both local farmers and outside investors looking to capitalize on prime agricultural opportunities. Stay tuned for more updates on these upcoming auctions and the evolving landscape of Illinois farmland transactions.