Big Row-Crop Acres Package Hits Market

LINCOLN, Neb. (DTN) -- Nearly 3,800 acres of Eastern Corn Belt row-crop farmland is up for sale in seven counties in three states as part of a single offering, realtor Peoples Company Integrated Land Solutions announced this week.

Just ahead of the busiest time of year in the farmland real estate business, the company announced it was taking sealed bids on 28 individual highly productive tracts of land in Illinois, Indiana and Ohio.

A total of 3,776 acres is up for sale in the following counties -- Macoupin and Morgan counties, Illinois; Allen County, Indiana; and Hancock, Henry, Van Wert and Wood counties in Ohio -- according to a news release from the company.

Organized into three geographic clusters, the offering gives buyers the flexibility to acquire an individual farm, multiple tracts, or assemble a regional land position, Peoples Company said.

Tracts range from about 60 to 375 acres, "creating opportunities for neighboring operators, investors, and buyers looking to expand or diversify their holdings," the company said.

"The farms consist primarily of productive row-crop ground and have been operated by established local tenants with a proven history of sound farming practices and responsible land stewardship," according to a news release.

"Many of the tracts have been improved with tile drainage and feature productive soils with strong, proven yield history. Ownership has maintained a disciplined approach to farm management and recordkeeping throughout the portfolio, providing buyers with a well-documented offering supported by historical production information, tile maps, farm management records and other due diligence materials."

The Illinois farms sit in a productive corridor between Springfield and the St. Louis metropolitan area, while the Indiana and Ohio farms are positioned near Fort Wayne and Findlay with access to major highways, grain elevators, ethanol plants and agricultural service providers.

"Combined with the scale, geographic diversity, and overall quality of the assets, the portfolio represents an outstanding opportunity to acquire professionally managed farmland across several of the Midwest's strongest agricultural regions," the news release said.

The Illinois cluster of properties features soil productivity indexes up to 140.3 and includes 12 tracts totaling more than 1,900 acres. The remaining acres in Ohio and Indiana feature productivity indexes in the 60s and 70s, according to a brochure on the offering.

"This is a diverse collection of high-quality row-crop farms that have been professionally managed under consistent ownership for many years, and that level of care shows in the productive soils, the tile drainage improvements, and the well-documented production history," said Eric Sarff, vice president at Peoples Company and the designated managing broker in Illinois.

"Offering it in 28 tracts across three states means there's something here for everyone -- a local farmer looking to add a quarter section next door, or an investor seeking to build scale across some of the Midwest's most productive ground. Farmland of this quality, this well cared for, doesn't come to market often."

For more information: https://peoplescompany.com/….

Read more on DTN:

"Recent Farmland Sales in Iowa, Kansas, Minnesota and Ohio," https://www.dtnpf.com/….

Todd Neeley can be reached at todd.neeley@dtn.com

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