DAVIESS COUNTY, Ky. — A 34.80-acre farm in western Daviess County sold June 18 at auction, in one tract, to an individual investor for $428,040 – or $12,300 per acre.

The property is gently rolling pastureland with scattered trees and has about 2,200 feet of road frontage. The soil types include Hosmer Silt Loam, Belknap Silt Loam, Alford Silt Loam and Wakeland Silt Loam. There is a 0.59-acre pond on the property. Improvements included a small stock barn.

For more information, contact auctioneer John Kurtz (john@kurtzauction.com) or apprentice auctioneer Tyler Edge (tyler@ kurtzauction.com).

CHAMPAIGN, Ill. — A 334-acre farm in west central Illinois sold at auction June 23 for $3,835,000, or $11,482 per acre, with Murray Wise Associates managing the auction.

The McDonough County land sold to two bidders – a local operator and an investor – in an event that drew a crowd of about 100 people.

"Land prices continue to hold up surprisingly well in the face of low commodity prices. It’s important to remember just where we are in the longer term perspective. This farmland brought a price that is very good by any historical standard, and that should be encouraging to those who are considering the sale of farmland," said Joe Bubon, executive vice president of the auction company.

"If somebody is planning to sell any time in a three or four year time frame, they may be well advised to go ahead and sell now, because I doubt it’s going to get any better over that period of time," he said.

He noted that the current market environment calls for effective marketing. "A couple of years ago, there were plenty of buyers even for lower quality farms. Now it’s more of a challenge because, in the near term, farm profits for many operators will be lower, so you have to reach out more broadly," Bubon said.

For additional information, visit www. murraywiseassociates.com or call 800-607-6888.