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Midwest

Duke Energy Makes Major Investment in GreenTrees

Posted on June 23, 2009 by Land Report Editors

Duke Energy has become the lead investor in GreenTrees, a privately managed forest restoration program created and managed by C2I for landowners in the Lower Mississippi Alluvial Valley: Illinois, Missouri, Kentucky, Tennessee, Arkansas, Mississippi, and Louisiana. This enormous valley once…

On the Block: 170 Acres in Marion County, Illinois

Posted on June 19, 2009 by Land Report Editors

Update: The complete tract of land went unsold during the brief auction. The first tract at 50 acres was passed on at $120,000, the second tract at 40 acres was unsold at $96,000, and the third tract at 80 acres…

Tagged with: auction, CRP, hunting, Illinois
Posted in Auctions, Conservation, Farming, Feature, Grant Gannon, Hunting, Midwest, Recreation

Quail Unlimited Announces “Reload Iowa”

Posted on March 16, 2009 by Eric OKeefe

The loss of more than one-quarter million acres of Conservation Reserve Program land is one of the many reasons that harvest numbers of pheasant and quail in Iowa have dropped from 1.9 million and 1.1 million in the 1970s to less than 500,000…

Posted in Conservation, Eric OKeefe, Feature, Hunting, Midwest, News Desk, Regional News, Topics

Illinois Land Auction Gins $24 Million

Posted on January 26, 2009 by Eric OKeefe

A crowd of 800, including 250 bidders, gathered at the Crowne Plaza in Springfield on Jan. 21 and spent more than six hours and $24 million to acquire 4,000 acres of prime Illinois farmland.

Tagged with: auction, Aumann Auctions Kilton Farm, farmland, Illinois, Macoupin County, Montgomery County
Posted in Eric OKeefe, Farming, Feature, Midwest, News Desk, Regional News, Topics

Iowa Farmland Sets Record Highs for Sixth Straight Year

Posted on December 17, 2008 by Eric OKeefe

Iowa State reports that the value of an average acre of farmland has increased for the ninth year in a row to an all-time high. According to the survey’s director, ISU Extension farm economist Mike Duffy, land values have doubled…

Tagged with: Iowa State University, Mike Duffy
Posted in Eric OKeefe, Farming, Feature, Midwest, News Desk, Regional News, Topics

Chesapeake Gets $3+ Billion Injection for Marcellus Shale

Posted on November 24, 2008 by Eric OKeefe

So the bottom has fallen out of the energy markets and commodity prices are dropping even lower. Next step? Time to welcome the overseas investors. Remember, folks, we’ve got trillions of dollars of assets tied up in land, and all…

Sold! $50 Million of Recreational Land at Midwest Auction

Posted on November 17, 2008 by Eric OKeefe

These days investing in the stock market is not for the faint of heart, and in markets from coast to coast thousands of developer-owned condos now sit vacant. But when it comes to land, there’s no shortage of motivated buyers. That’s the takeaway…

Top Ethanol Producer Files For Bankruptcy

Posted on November 7, 2008 by Eric OKeefe

One of the leading stories of 2008 has been skyrocketing commodity prices and the corresponding surge in land values throughout the Midwest, Great Plains, Southwest, and other mineral-rich areas of the country. Although the bubble has by no means burst, there…

Tagged with: Alternative energy, biofuels, corn, Farming, Midwest, VeraSun
Posted in Energy, Eric OKeefe, Farming, Feature, Midwest, News Desk, Regional News, Topics

CAT Makes It 300 in a Row

Posted on October 21, 2008 by Eric OKeefe

In the midst of a mounting avalanche of bad economic news, I thought it worth singling out one company with strong ties to the land that continues to shine. Earlier this month, Caterpillar announced that it was paying a quarterly dividend…

Tagged with: CAT, Caterpillar
Posted in Equities, Eric OKeefe, Feature, Midwest, News Desk, Regional News, Topics

“The Land Market Has Never Been Stronger”

Posted on June 27, 2008 by Eric OKeefe

So says Mac Boyd, a broker at Farmers National in Arcola, Illinois. Boyd is just one of the many veteran real estate professionals who are closely monitoring the strongest farmland market in decades.