Apr 18, 2014
Home| Contact Us| Sign UpLogin

Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 35 years.

Illinois Survey Finds Declines of 5% to Gains of 20%

Mar 23, 2009

Mike Walsten

Land values in Illinois ranged from a decline of 5% to a gain of 20% in 2008, according to the annual survey conducted by the Illinois Society of Professional Farm Managers and Rural Appraisers (ISPFMRA). The survey found the value of excellent quality farmland located in the central part of the state rose 15% by year end; good quality central Illinois land rose 13%; average quality land ranged from 0% to 12% higher and recreational land located in the central section of the state remained unchanged from 2007.

The bulk of survey respondents expect land values will remain stable or decline slightly in 2009. The group was split about evenly in opinion when looking ahead to 2010 with about a third expecting lower values, a third expecting stable values and a third looking for higher land values.

I will cover more details of the survey in the March 24 issue of LandOwner newsletter. If interested in seeing a copy, just drop me an email at landowner@profarmer.com or call me at 800-772-0023.

Log In or Sign Up to comment


No comments have been posted, be the first one to comment.

Information to help you                   make great decisions

Land management

Track your local input prices.

Risk management strategies


Complete list of Pro Farmer services

More Than A Newsletter


LandOwner Newsletter Archives
Pro Farmer Washington Report Archives
Pro Farmer Annual Land Report Archives
Pro Farmer Grain Report Archives
Pro Farmer Newsletter Archives
Pro Farmer Tax Report Archives
Crop Tour Newsletter Archives
* Login or signup to access newsletters.