SOURCE: Murray Wise Associates LLC

Murray Wise Associates LLC

August 22, 2011 12:18 ET

Tillable Farmland Set for Auction in Illinois' McDonough and Henry Counties

CHAMPAIGN, IL--(Marketwire - Aug 22, 2011) - Approximately 2,421 acres of land in McDonough and Henry counties will sell in two separate auctions Wednesday, Sept. 21, with Murray Wise Associates managing both sales.

"A lot of farmland investors have been saying -- with some justification -- there simply hasn't been much tillable farmland for sale. So it's very rare in this market to have so much quality land set for auction, especially during the summer months," said Murray Wise, chief executive officer of the auction company. "In both McDonough and Henry counties, 70 percent or more of the land is tillable, and both are also in locations with development potential."

The McDonough County auction will begin at 10 a.m. at the Days Inn in Macomb. The property includes approximately 367 acres, selling in seven tracts ranging in size from 12 acres to 114 acres. The land -- more than 73 percent of which is tillable -- is located on U.S. Route 67 on the north side of Macomb.

At 3 p.m., the company will auction 2,054 acres in Henry County. "This land includes 1,500 acres of tillable farmland, as well as another 350 acres in CRP. This also includes some recreational land, with excellent deer and turkey hunting," said Joe Bubon, who is managing both auctions. "The property is just north of Kewanee, with frontage on Highway 78, very close to the Johnson Sauk Trail State Recreation Area."

The Henry County land includes tracts ranging from 10 acres to 335 acres. The auction will begin at 3 p.m. at the Kewanee American Legion, 1509 Railroad Ave., Kewanee. The land includes some potential building sites.

Individuals interested in additional information about the properties may visit or call Bubon at 217-298-6400.

Murray Wise Associates LLC, headquartered in Champaign, Illinois, with additional offices in Florida 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. More auction information.

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