Philip Rietveld assembled nearly 1,500 acres of Illinois and Indiana farmland over his lifetime; after his death in 2026, his family sold 23 tracts for $22.46 million, with one fetching $32,600 an acre
- Representative imageOver a lifetime of careful acquisitions, Philip Rietveld built a portfolio of nearly 1,500 acres of productive farmland across Illinois and Indiana.
- After his death in 2026, his family moved to sell the holdings through a two-day, two-state auction that drew bidders from seven states.
- The 23 tracts changed hands for a combined $22.46 million, with one 39.9-acre Indiana parcel commanding a striking $32,600 per acre, according to reporting on the sale by Agriculture.com.
Unverified
- Representative imageOver a lifetime of careful acquisitions, Philip Rietveld built a portfolio of nearly 1,500 acres of productive farmland across Illinois and Indiana.
- After his death in 2026, his family moved to sell the holdings through a two-day, two-state auction that drew bidders from seven states.
- The 23 tracts changed hands for a combined $22.46 million, with one 39.9-acre Indiana parcel commanding a striking $32,600 per acre, according to reporting on the sale by Agriculture.com.
Sources: Times of India