Illinois

Midwest Farmland Values Up In the Third Quarter

Posted on January 14, 2021 by Land Report Editors

The overall 2 percent rise represents the first year-over-year increase in ag land values in the past six years with Indiana and Wisconsin leading the way at 6 percent and 3 percent, respectively. Illinois grew 2 percent with Iowa at…

Illinois Farmland Holds Steady at $10,500 Per Acre

Posted on May 19, 2020 by Land Report Editors

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…

Posted in Agriculture, Farming, Feature, Illinois, Midwest, News Desk

Corn Farmers Brace for Drop in Demand

Posted on April 8, 2020 by Land Report Editors

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,…

Tagged with: corn, coronavirus, demand, ethanol, Farmers, gasoline
Posted in Agriculture, Energy, Farming, Feature, Great Plains, Illinois, Midwest, News Desk

Missouri Regulators Approve Sale of Grain Belt Express Clean Line

Posted on July 26, 2019 by Land Report Editors

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…

SOLD! Farm Owned by Honest Abe Sells at Auction

Posted on March 14, 2019 by Land Report Editors

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…

Tagged with: Abraham Lincoln, history, Honest Abe, Ron Best, Thomas Lincoln
Posted in Agriculture, Auctions, Farming, Feature, Illinois, Midwest, News Desk

Farmland Values Remain Robust

Posted on November 27, 2018 by Land Report Editors

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.…

Posted in Agriculture, Farming, Feature, Illinois, Indiana, Iowa, Nebraska, News Desk

Increasing Percentage of Family-Owned Farms Are Not Family-Farmed

Posted on August 6, 2018 by Land Report Editors

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…

Posted in Agriculture, Farming, Feature, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Stable Farmland Values Trump Falling Commodity Prices

Posted on August 2, 2018 by Land Report Editors

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 —…

Posted in Agriculture, Equities, Farming, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Corn Belt Ag Values Edge Slightly Higher in 2017

Posted on March 14, 2018 by Land Report Editors

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…

Chicago Fed Reports Minimal Change Over Last Year

Posted on December 19, 2017 by Land Report Editors

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…