In Friday's Rockford Register Star: Funderburgs selling Boone County farmland
By Alex Gary
BELVIDERE — The Funderburg family — the largest landowner in Boone County — will take advantage of soaring farmland prices by selling nearly a third of its 11,000 acres in Boone County.
Rob Funderburg, president of K-B Farms and Funderburg Farms Inc., announced Thursday those two entities will sell 48 parcels covering 3,379 acres. Funderburg hired Schrader Real Estate & Auction Co. to sell the land at 10 a.m. Nov. 19 in the Community Building Complex, 111 W. First St.
“The current environment provides us some portfolio management options that haven’t always been available,” Funderburg said in a news release, “and the land being sold represents only a fraction of our investment in the area.”
Brothers Hugh Funderberg, Alex Funderberg, and Rob Funderberg at the Lyric Opera's 2009 Wine Auction in Chicago. Photo: Dan Rest/Lyric Opera of Chicago
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