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Tag Archives: farmland values

FARMLAND AUCTION

– Bidders paid $9,600/A for 44.5 acres along Route 51 near Macon, IL, on Tuesday.  The tract had a 139.5 PI, 84.3% tillable, but it was oddly shaped and had a tree-lined border.  That’s $11,392 per tillable acre.

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LAND VALUES

 U of I’s Gary Schnitkey says Illinois land values increased more from 1970 to 1983 than from 2000 to 2013, according to a recent NASS land value report.

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