Illinois Horse Farm Owned by John Deere CEO John May Hits the Market
- John May, the CEO of John Deere, has placed his 80-acre horse farm in Illinois on the market.
- The property is listed at a price of $3.925 million.
- This move could signify a shift in May's personal investment strategy or lifestyle choices.
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. The "barndominium" boasts an upper-level bunk room equipped with four queen-sized built-in bunk beds and a bunkroom-style bathroom. The farm is designed to accommodate both horses and dogs, 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 the latest reports, Deere & Co. has 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 move for May, who has been at the helm of one of the largest agricultural equipment manufacturers in the world.