Illinois Horse Farm Owned by John Deere CEO John May Hits the Market
- John May, the CEO of John Deere, is selling his 80-acre horse farm in Illinois for approximately $3.925 million.
- The property is currently listed on Realtor.com, indicating a significant investment opportunity.
- This sale highlights the personal assets of high-profile executives in the agricultural sector.
A sprawling 80-acre horse farm in Port Byron, Illinois, reportedly owned by John Deere CEO John May, has been listed for sale. The property, which features a unique "barndominium," is situated near the company's global headquarters in Moline. Realtor.com confirmed the listing, highlighting the farm's expansive living space of over 2,800 square feet, which includes two bedrooms and five bathrooms, as well as radiant floor heating throughout. The "barndominium" boasts an upper level with a bunk room that accommodates four queen-sized built-in bunk beds and a bunkroom-style bathroom. The farm is designed to be both horse and dog friendly, featuring an indoor riding arena and an "indoor/outdoor 8 run dog kennel." Additionally, the property includes six pastures, providing ample grazing space for horses. In Rock Island County, where the farm is located, the real estate market shows median asking prices of $149,900, with sale prices averaging around $135,000, according to Realtor.com data. May has owned the horse farm since 2013, approximately six years prior to his appointment as CEO of Deere & Company. As of last Friday, Deere & Co. reported a market capitalization of about $102.81 billion, with net sales and revenues reaching $27.42 billion in the first half of the year, resulting in a net income of $4.121 billion. The sale of the farm marks a significant moment for May, as he balances his corporate responsibilities with personal real estate ventures.