STERLING LAND COMPANY SPECIAL REPORT

January 26, 2024

CLASS A LAND SALES

Analysis of SLC Land Reports for 2023-Class A Farms 

We included 19,607 Acres of Class A land sales in 2023 showing

an average sale price of $17,506/Acre with PI of 139.4 or $124.55/PI Point.

An increase of about 8.5% over 2022. Pretty modest compared to recent years, but still impressive.

Counties cited for sales of over $20,000/Acre

Fulton County-251 Acres at $24,100/Acre

Sangamon County-160 Acres at $20,800/Acre

Sangamon County-40 Acres at $22,700/Acre

Sangamon County-108 Acres at $20,100/Acre

Piatt County-176 Acres at $21,200/Acre

Piatt County-100 Acres at $21,100/Acre

Warren County-153 Acres at $20,200/Acre

Warren County-375 Acres at $22,726/Acre

McDonough County-257 Acres at $22,300/Acre

McDonough County-165 Acres at $21,700/Acre

McDonough County-212 Acres at $20,150/Acre

Tazewell County-145 Acres at $20,800/Acre

Moultrie County-82 Acres at $20,600/Acre

Peoria County-68 Acres at $21,750/Acre

Cass County-202 Acres at $21,200/Acre

Compared to-

S & P 500 Index in 2023 was up 24%

NASDAQ-Went up about 43%

S & P 500-Up 24%

DJI-Up 14%

Microsoft-Up 57%

Alphabet-Up 58%

Apple-up 49%

Gold-Up 13%

Silver-Flat

Bitcoin-154% Increase

Bloomberg Commodity Index-Negative 12.5%

SLC LAND REPORTS-12 YEAR TRENDLINE-CLASS A 

2023-19,607 Acres-$17,056/Ac.-PI-139.4 and $125.45/PI Point.

2022-20,824 Acres-$15,712/Ac.-PI-138.1 and $117.42/PI Point.

2021-17,559 Acres-$13,100/Ac.-PI-139.6 and $ 96.61/PI Point.

2020- 22,358 Acres-$10,436/Ac.-PI-138.4 and $ 78.25/PI Point.

2019- 24,823 Acres-$10,667/Ac.-PI-138.7 and $ 78.92/PI Point.

2018- 23,760 Acres-$10,500/Ac.-PI-139.3 and $ 77.47/PI Point.

2017- 18,431 Acres-$10,705/Ac.-PI-138.9 and $ 79.28/PI Point.

2016- 18,708 Acres-$10,749/Ac.-PI-139.1 and $ 80.41/PI Point.

2015- 20,707 Acres-$11,558/Ac.-PI-139.6 and $ 85.01/PI Point.

2014- 20,294 Acres-$12,064/Ac.-PI-138.5 and $ 89.70/PI Point.

2013- 16,363 Acres-$12,263/Ac.-PI-138.6 and $ 92.08/PI Point.

2012- 15,972 Acres-$11,598/Ac.-PI-137.5 and $ 87.60/PI Point.

CLASS B LAND SALES

We included 4,089 Acres of Class B land sales in 2023 showing

an average sale price of $12,726/Acre.

An increase of 8.3% over 2021. 

SLC LAND REPORTS-12 YEAR TRENDLINE-CLASS B

2023- 4,089 Acres-$12,726/Acre-P.I.-128.9 and $104.92/PI Point.

2022- 11,110 Acres-$11,740/Acre-P.I.-126.3 and $102.50/PI Point.

2021- 8,426 Acres-$ 9,629/Acre-P.I.-127.2 and $ 81.65/PI Point.

2020- 8,827 Acres-$ 7,779/Acre-P.I. 126.5 and $ 65.40/PI Point.

2019-16,828 Acres-$ 8,147/Acre-P.I.-125.8 and $ 69.73/PI Point.

2018-11,846 Acres-$ 7,941/Acre-PI-124.8 and $ 69.68/PI Point.

2017-11,747 Acres-$ 8,020/Acre-PI-126.2 and $ 67.99/PI/Point.

2016-19,792 Acres-$ 7,623/Acre-PI-124.2 and $ 65.14/PI Point.

2015-12,903 Acres-$ 9,064/Acre-PI-125.7 and $ 77.80/PI Point.

2014 -12,290 Acres-$ 9,299/Acre-PI-124.5 and $ 80.44/PI Point.

2013 -11,846 Acres-$ 9,348/Acre-PI-125.8 and $ 81.11/PI Point.

2012 - 8,600 Acres-$ 8,580/Acre-PI-124.4 and $ 74.43/PI Point.

As always-

"INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED"