Land for Auction in Potomac, Illinois

Upcoming Vermilion County, Illinois Online Farmland Auction - Mark your calendars for Wednesday, October 28th, 2026, at 10:00 AM! Peoples Company is pleased to present the Rheta Forrest Estate Farm consisting of 120.00 acres m/l located in Middlefork Township, Vermilion County, Illinois. Located north of Potomac, Illinois, this farm will be offered in two tracts and presents a rare opportunity to acquire productive farmland in an area where ownership turnover remains limited. The offering includes 114.41 FSA cropland acres with an overall Productivity Index of 123.0 and will be available for possession beginning with the 2027 crop year.

Offered as an 80-acre tract featuring an established farmstead and a highly tillable 40-acre tract, the property provides flexibility for buyers seeking an individual tract or the opportunity to purchase the entire farm. With more than 95% of the acreage currently in production, this is the type of farm that seldom reaches the open market in this area of Vermilion County.

The combination of productive cropland, existing improvements, future possession, and a strong agricultural location creates an attractive opportunity for local operators, neighboring landowners, and investors alike. Whether purchased individually or in combination, these tracts offer the chance to acquire well-maintained east-central Illinois farmland in a tightly held farming area.

These two tracts will be offered on a price-per-acre basis via Virtual Live Online-Only Auction beginning on Wednesday, October 28th, 2026, at 10:00 AM CT. The farm will be offered as two separate tracts using the “Buyer’s Choice” auction method, where the high bidder may take, in any order, one or both tracts for their high bid. This method will continue until both tracts have been selected and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction.