Saturday, August 16, 2008

Record Price for Champaign County Farmland

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.

1 comment:

Mort said...

Yep, she's a real hag. Did some work for them back in the 80's. For people with so much money, you'd think they could pay their bills on time too. Guess not. You think she's buying on behalf of other Chinese investors?