SOURCE: Murray Wise Associates LLC

Murray Wise Associates LLC

June 15, 2012 14:51 ET

Productive Illinois Farmland to Sell in July Auction

ROCKFORD, IL--(Marketwire - Jun 15, 2012) - Approximately 1,265 acres of highly productive farmland inside the Rockford city limits will sell at auction Wednesday, July 25, with Murray Wise Associates managing the sale.

"Auctions of quality farms this size have been few and far between during the past year or so. As a result, I expect to see considerable interest from farmers and investors," said Joe Bubon, executive vice president of the Champaign-based auction company.

The farm, which includes land in both Winnebago and Ogle counties, will be sold in 16 tracts, ranging from 15.5 acres to 188 acres.

"The land is actually zoned industrial and is approximately a mile from Chicago-Rockford International Airport, which is one of the top 25 cargo airports in the United States. This could offer some possibilities for those interested in converting some of the land to industrial use, but given the strong demand for farmland and the quality of the land, we expect the focus to be on agriculture," said Bubon.

Out of the total 1,265 acres, 1,225 acres are tillable. "The tillable land has a productivity index rating of 128.6 out of 147, which is the quality investors are seeking," said Bubon.

"Each tract has road frontage, and the amount of contiguous land is considerable -- 881 acres to the north of Edson Road and 384 acres to the south of the road," said Bubon. "Our method of bidding places those who wish to buy only a small amount of the land on an equal footing with those who wish to buy a great deal, so we could have up to 16 buyers or just one or two."

The auction will begin at 1 p.m. Wednesday, July 25, at the Monroe Center Fire Station.

Murray Wise Associates personnel will be available at the Monroe Center Fire Station to guide inspections on Tuesday, July 10. Individuals seeking additional information about the property may visit or call 800.607.6888.

Murray Wise Associates LLC, headquartered in Champaign, Illinois, with additional offices in Florida, Idaho and Iowa, is a leading national agricultural real estate marketing and auction company. The company also manages farmland assets for individual clients in Iowa, Kansas, Kentucky, Missouri, Minnesota, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin.

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    Carl Carter