In what was a record price for Champaign County Illinois farmland, the Lo family paid $32,000 per acre. This likely is development ground for the future. The Lo family owns thousands of acres of in east-central Illinois, but have developed a reputation as very poor farmers. Many areas agri-business will no longer do business with the Lo's because of the hassle old lady Lo gives thems.
They also routinely go through quite a bit of farm help each year. But when you don't really need to make money, it doesn't make any difference.
Thanks for reading!
2 years ago