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Tag Archives: land prices

FARMLAND VALUES DOWN IN ’15

llinois farm managers report that farmland values dropped by 8% in 2015. David Klein of Soy Capital Ag Services says lower grain prices are finally having an impact on farmland and cash rent prices statewide.  Check out his comments on http://www.FarmWeekNow.com.

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LAND UPDATE

313 acres of Macon County farmland sold Monday. The bids came to just $9,904/acre or $3.1 million.

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FARMLAND PRICES STEADY DESPITE FALLING CROP PRICES

A plunge in farmland values resembling the 1980s decline “remains unlikely,” with a shortage of acreage for sale helping to support prices, a Federal Reserve economist said Monday. Despite the drop in prices for corn, soybeans and wheat, land values haven’t fallen as much because of low interest rates, limited supply and generally favorable balance… read more

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IOWA FARMLAND VALUES DECREASE

Iowa farmland values have tumbled nearly 13% since peaking in 2013 with lower corn, soybean prices.  The statewide average price of an acre is $7,366.

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CASH RENT UPDATE

 Despite calls from university experts to lower cash rents in 2016, a lease auction in Morgan County Thursday brought $390/acre for a 263-acre farm. Meanwhile, a 61-acre parcel in Woodford County sold for $15,200/acre earlier this week.  

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CONTINUED SOFTNESS PROJECTED IN ILLINOIS FARMLAND VALUES

A mid-year survey by farm managers finds Illinois farmland values down between 2 to 7% this year. This is according to the midsummer “Snapshot Survey” done by the Illinois Society of Professional Farm Managers and Rural Appraisers. For more information go to FarmWeekNow.com.

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BIG DATA

San Francisco-based Granular announced today it has acquired AcreValue. The free service allows buyers, sellers, agents and other interested parties to browse AcreValue estimates using a map-based interface. The real estate site is somewhat similar to Zillow for residential homes.

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FARMLAND SALE

196 acres of tillable farmland in Douglas County resulted in a sale price of $2,091,000, or $10,668 per acre. An investor purchased the farm at Tuesday’s auction.

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FARMLAND VALUES

1% to 3% drop in Illinois farmland prices at the end of 2014, indicated by the annual ISPFMRA survey. Excellent quality farmland held its value better than lower-quality parcels.  Check out FarmWeekNow.com for details.

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LAND AUCTIONS

A Dewitt County farmland auction this morning of 244.78 acres brought $10,800/acre. Meanwhile, a 40-acre tract near Heyworth sold for $11,450/acre

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