High land prices
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Richard Doolittle
Well-known member
WOW!! And I thought people were nuts out here. There ain't many times that it's neighbors going crazy out here, though. Usually someone with a pocket full of money looking for a place to hunt or retire.
Cowpuncher
Well-known member
We adjoin a parcel of land owned by an absentee owner from Kentucky. It probably is worth $250 or $300 because of a CRP contract.
I was going to make an offer to buy it, but when I talked to the owner, he mentioned that he had just bought some land near his Kentucky operation for $8,000 per acre. Didn't even have the heart to bring it up!!
I was going to make an offer to buy it, but when I talked to the owner, he mentioned that he had just bought some land near his Kentucky operation for $8,000 per acre. Didn't even have the heart to bring it up!!
Jigger Boss
Well-known member
Just got a call this week from friends of ours in AB, they just sold their 160 acre treed swamp for 1,325,000.
IL Rancher
Well-known member
We have heard of some eye openers around here between neighbors bidding up some land. I always thought they were going for future pitential value because there was no way the land itself was worht 7500 an acre... Just no way.. I figure they where trying to put together a few pieces of ground to get something in the the 400-500 acre range to do an exchange with someone who just sold their land for 20k-100k an acre for development.. Amazing what having 160 acres in the right area means nowadays in Northeastern Illinois..
Mike
Well-known member
The place where I used to cut hay has a Hyundai Auto Plant sitting on it now.
The State paid $12,000.00 per acre (240 acres) for it and leased it to Hyundai for $1 per year for 99 years as part of the incentive package.
The State paid $12,000.00 per acre (240 acres) for it and leased it to Hyundai for $1 per year for 99 years as part of the incentive package.
