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Farmers National Company’s recent farmland conference did not project much of a decline in cash rents for 2015. Farmers National expects cash rents in central and northern Illinois to run $250 to $500 per acre; rents in central Iowa north to Minnesota will run $300 to $450; and that many landowners are receiving 20% to 100% below market rates. Despite lower grain prices, projections for land prices were generally steady.

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