So concluded a year-end survey conducted in February that asked Illinois appraisers and farmland real estate brokers for their take on the market. Despite considerable swings in commodities pricing, the value of excellent quality farmland did not take a hit…
The coronavirus pandemic is resulting in lower demand for gasoline and negatively impacting demand for corn used for ethanol. According to Todd Hubbs at the University of Illinois, gasoline consumption could dip 15 to 20 percent in the coming months,…
In June, the Missouri Public Service Commission approved the acquisition of a proposed transmission line that will harness wind energy generated in Kansas and deliver it to urban markets. This regulatory hurdle is the latest in a lengthy series of…
Farmland once owned by Abraham Lincoln sold for $300,000 at auction on Feb. 12 – Lincoln’s birthday. Of the 590 total acres auctioned, 30 were once owned by Lincoln. According to the Journal Gazette & Times-Courier, the Best family decided…
Surveys in Nebraska, Illinois, Indiana, and Iowa show strong, steady farmland values according to Successful Farming. An overall trend that supports the surveys’ findings is that when land comes available in today’s market, farmers have proven to be aggressive bidders.…
According to the Department of Agriculture, 99 percent of all farms in the US are family-owned, not corporate farms. Yet because of demographic trends and costly barriers to entry, only 60 percent of farmland nationwide is actually farmed by those…
Year-over-year farmland values in the Corn Belt are holding steady; however, in the most recent quarter, an uptick in Iowa and in Wisconsin pulled overall values in the Seventh District into positive territory for 2018. – The Editors NATIONAL —…
The Chicago Fed reports that a three-year slide in farmland values in the Seventh Federal Reserve District has come to an end. According to senior business economist David Oppedahl, an annual increase of 1 percent in nominal terms was recorded…
Farmland values in the Seventh Federal Reserve District saw a year-over-year decrease of 1 percent in the third quarter of 2017. The Midwest has not experienced a year-over-year decrease or increase in agricultural land values greater than 1 percent in…
Despite lower prices for corn and beans, ag land values in the all-important Seventh Federal Reserve District increased 1 percent. This gain was not only for the second quarter over the first quarter of 2017, but it also applied on…
