Two-State Farmland Auction Results That Caught the Market’s Attention

Geswein Farm & Land recently completed a major two-state Buyer’s Choice farmland auction totaling 1,477.5± acres across Illinois and Indiana. The auction produced $22,458,077.91 in total auction proceeds, publicly rounded to $22.45 million, across 23 total tracts.

Buyer’s Choice Auction Method Created Flexibility and Competition

The farms were offered using the Buyer’s Choice auction method. In this format, bidders compete for the right to choose first. The high bidder may select one or more tracts at the winning per-acre price, and the process repeats until every tract is sold. This creates flexibility for buyers while helping sellers capture buyer-specific premiums tied to location, adjacency, access, and individual goals.

Illinois and Indiana Farmland Auction Results

The Illinois portion included 856.84± acres in Will and Kankakee Counties near Beecher, Manteno, and Grant Park. The Illinois auction generated 197 bids and sold for $9,479,881.21. The Indiana portion included 620± acres in Lake County near Crown Point, Lowell, and Hebron. The Indiana auction generated 539 bids and sold for $12,978,196.70. Source: Geswein Farm & Land auction summary reports, September 2026.

$32,600 Per Acre Shows the Power of Location

The highest-selling Indiana tract reached $32,600 per acre. The highest-selling Illinois tract reached $17,100 per acre. Those results reflect more than acreage alone. They point to the power of productive farmland, strong locations, buyer confidence, and a competitive auction environment.

What Today’s Farmland Market Is Telling Us

This auction was more than a sale result. It was a market signal. When quality farmland, strategic location, clear information, disciplined marketing, and a transparent auction process come together, buyers respond. For landowners, the process matters. For buyers, preparation matters.

We’re Thankful to our Sellers for this Testimonial of our Work

“We knew that you GFL could do it and we put our trust in you and your team.

Thanks for making it easy and a huge success. My Dad would have been proud.

We couldn’t be happier.”
— Rietveld Family

Key Takeaways for Landowners

  • Total sale: $22,458,078 across 1,477.5± acres.
  • Top Indiana tract: $32,600 per acre; top Illinois tract: $17,100 per acre.
  • Auction method: Live + Simulcast Online Buyer’s Choice Auction across two states and two auction days.

Considering a Farmland Sale?

A successful farmland auction starts long before auction day. Strategy, timing, tract configuration, buyer outreach, marketing, and execution all matter. If you are considering the sale of farmland, recreational land, or transitional land, our team would be glad to help you understand your options and build a plan that fits your goals. Visit GFarmLand.com or contact Geswein Farm & Land to start the conversation.