John Deere CEO puts 80-acre horse farm up for sale
The property hit the market with a $3.925 million asking price
A large Illinois horse farm reportedly owned by John Deere CEO John May is up for sale.
Realtor.com reported Wednesday the 80-acre property had hit the market and identified its current owner as the farm equipment company’s chief executive.
Its asking price has been set at $3.925 million, according to its listing.
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The farm and its "barndominium" are located in Port Byron, a village not far from John Deere’s global headquarters in Moline.
The farm was put on the market with a nearly $4 million asking price (Google Maps / Google Maps)
The property’s "barndominium" has two bedrooms and five bathrooms amongst its over 2,800 square feet. It has radiant floor heating throughout.
It was built with 1.5 stories. On the upper level, it includes a "bunk room" containing "4 queen size built-in bunk beds and [a] bunkroom style bathroom," the listing said.
The farm appears to be both horse and dog friendly, with an indoor riding arena and "indoor/outdoor 8 run dog kennel" available, per the listing.
Connected to the "barndominium" is the 12-stall horse barn.
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The large property is replete with six pastures for horses to graze, according to the listing.
In Rock Island County where the farm is located, homes had median asking prices of $149,900 in May, Realtor.com data indicated. For sale prices, the median was $135,000.
LAS VEGAS, NEVADA - JANUARY 05: John Deere Chairman and CEO John May delivers a keynote address during CES at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs (Ethan Miller/Getty Images / Getty Images)
According to Realtor.com, the horse farm has belonged to May since 2013, roughly six years before he took over as Deere & Company’s CEO.
FOX Business reached out to the company seeking May’s comment about the farm.
John Deere signage at the World Agriculture Expo in Tulare, California, US, on Tuesday, Feb. 13, 2024. The annual World AG Expo has more than 1,200 exhibitors displaying the latest in farm equipment, chemicals, communications, and technology. Photogr (David Swanson/Bloomberg via Getty Images / Getty Images)
Deere & Co’s market capitalization stood around $102.81 billion as of Friday evening.
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In mid-May, the company said it had generated $27.42 billion in net sales and revenues over the first two quarters of the year. Its net income for the same timeframe was $4.121 billion.