University of Illinois ends auction of farming rights on university-owned land
In hopes of better tenant relations, the University of Illinois will no longer put the rights to farm part of its thousands of acres of farmland up for auction every few years.
The university and its foundation manage more than 40 farms, totaling more than 17,000 acres of land in central Illinois. In September, the university made the decision to remove a much-criticized program of auctioning off the farming rights to the highest bidder every three years.
The foundation has always leased land this way, but the university-managed land, which Noland called a significant portion of their total acreage, had been bidding the land they manage out every three years since 2005.
Kevin Noland, assistant vice president for real property and financial services at the foundation, said the land will now stay with the tenant until it’s appropriate to change hands.
Read more: http://rockrivertimes.com/2018/01/09/u-of-i-ends-auction-of-farming-rights-on-university-owned-land/