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I'm from Illinois and I know plenty of better land, best in the world claim is something I wouldn't throw out there for liability issues... I also used to work for ADM, kinda have a good idea, I've pulled and graded harvest's all across Illinois and Iowa.
I was born in central Illinois. This county does have awesome black soil. Don’t expect to find much soil worthy for organic gardening unless you wait a couple of decades.
@@theproudONE92 The soil just IS that black in central Illinois. Like the farmer mentioned, glacial deposits from the collected top soil north of glacier eons of travel path.
They will get the money 100%. But someone will also buy land just as good for $10750, like I just did. Also picked up some really sad land, burned out so bad, the weeds wouldn’t even grow, for $5700. I’m bringing it back, lots of pig manure, cover crops and cattle. A hedge fund will buy that and let anyone rent it, as long as they pay $600/acre. I used to be a big fan of renting until those guys came around and drove prices up so high.
@@cactus8666 I would say, looking back, that I over stated my opinion. That ground checks off so many boxes, I don’t think I’d be able to duplicate a $10750 price right now, and get all the qualities that piece offers. BUT, I could get a deal,done on some good ground that would develop very well over time. I farm in Bureau, Putnam, Lasalle and Lee County IL, to answer your question. I leveraged up when it could be done at 2% so that if a perfect piece of land like the one in this video opens up, I can jump on it. With current rates going higher, I think it’s possible to see land values backslide and I’m ready. I used to maintain a 50% total debt on all assets, not just land, to the appraised value of just the land. I have adjusted that down to 18% because I think these high prices are volatility, and volatility is instability. I don’t care if the value of what I have plummets because it means I can buy more additional acres with the dollars I have. The real value is what it can produce for me. I grow high value regenerative organic products that provide 2.7 times the revenue per acre than conventional, but requires 5 times the effort. Probably not a “good deal” to most, but I LOVE it.
@@LtColDaddy71 i love farming too But I’m naïve and been working here in Asia For a year with my uncle and i put a lot of effort in it, i want to work in the States because in here it doesn’t give much profit for the effort i put in, if you need a partner or even an apprentice I’m all in I would work for free just for the sake of getting experience over there so i can invest in good land in the future
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Price
The price explains why the tenant didn't buy it. Wow. I wish them the best in selling this one.
Excellent video that really does the land justice. I’ve lived in the area and as simple as it seems it has it’s own charm and majesty.
Wish I had the ability to grab that, I would happy partner with that farmer to continue farming.
Someone hurry up and buy it before Bill Gates does
@ZERO IMMIGRATION 🤣🤣🤣
I thought the same thing. 👍
He's going to try and vaccinate the corn!
SBow3111 He’s the largest private farm land owner in the US. He advocates for less beef production and would prefer everyone else eat fake meat.
@@LANDIO may i use this video?
I'm from Illinois and I know plenty of better land, best in the world claim is something I wouldn't throw out there for liability issues... I also used to work for ADM, kinda have a good idea, I've pulled and graded harvest's all across Illinois and Iowa.
I was born in central Illinois. This county does have awesome black soil. Don’t expect to find much soil worthy for organic gardening unless you wait a couple of decades.
Yeah I was going to say how can they farm on this land for so many years and the soil still be that black and rich
@Katie Moyer That is awesome! Where in Central Illinois were you born?
@@LANDIO in Champaign county…pretty close to this property actually.
@@theproudONE92 The soil just IS that black in central Illinois. Like the farmer mentioned, glacial deposits from the collected top soil north of glacier eons of travel path.
It only takes 5 year of reclamation to be considered suitable for organic farming.
that is a spectacular piece of property.
Nice amount of land!!! Great for farming
@CapitalP 503 Thank you for watching & leaving a positive comment. God Bless!
Thanks for telling how poor I am.
They will get the money 100%. But someone will also buy land just as good for $10750, like I just did. Also picked up some really sad land, burned out so bad, the weeds wouldn’t even grow, for $5700. I’m bringing it back, lots of pig manure, cover crops and cattle.
A hedge fund will buy that and let anyone rent it, as long as they pay $600/acre. I used to be a big fan of renting until those guys came around and drove prices up so high.
Where did you buy that land so cheap and are interested in selling or partnerships?
@@cactus8666 I would say, looking back, that I over stated my opinion. That ground checks off so many boxes, I don’t think I’d be able to duplicate a $10750 price right now, and get all the qualities that piece offers.
BUT, I could get a deal,done on some good ground that would develop very well over time. I farm in Bureau, Putnam, Lasalle and Lee County IL, to answer your question. I leveraged up when it could be done at 2% so that if a perfect piece of land like the one in this video opens up, I can jump on it. With current rates going higher, I think it’s possible to see land values backslide and I’m ready.
I used to maintain a 50% total debt on all assets, not just land, to the appraised value of just the land. I have adjusted that down to 18% because I think these high prices are volatility, and volatility is instability. I don’t care if the value of what I have plummets because it means I can buy more additional acres with the dollars I have. The real value is what it can produce for me. I grow high value regenerative organic products that provide 2.7 times the revenue per acre than conventional, but requires 5 times the effort. Probably not a “good deal” to most, but I LOVE it.
@@LtColDaddy71 i love farming too But I’m naïve and been working here in Asia For a year with my uncle and i put a lot of effort in it, i want to work in the States because in here it doesn’t give much profit for the effort i put in, if you need a partner or even an apprentice I’m all in I would work for free just for the sake of getting experience over there so i can invest in good land in the future
Why are they selling their family farm?
It's a great farm 🙏
It does not tell you how much total profit after expenses
Someone hurry up and buy it before bill Gate comes
If you build it they will come
@Michael Choi AMEN! 🙏🏻
Love that movie.
Sir,
I want to take agricultural land on lease.
Please kindly give information.
Don't worry we will help all the steps .. it just like that it's by field but in time it would be alright
Ill buy it , in trade for corn.
Is this still available?
Why wouldn't the person leasing the land buy it?
Can we buy as indian?
there is no way that undeveloped land in the middle of illinois is worth more than 5k an acre. never gonna sell at 17k.
I am ready to purchase
Ok
TELL HIM THAT HES DREAMING.
Its not worth that much. $ 1 million would be the top dollars
*SOLD*
Sad to sell this land
yah but it is cold as BLEEEEP up there
Too much per acre
Is this the one a guy named Gates bought? 😂
Another farm for bill gates.