Prime Farmland Values
in Central Illinois
April 2008
Heartland Ag Group Ltd. maintains a database
of farm real estate transactions throughout Central
Illinois. Each sale is an important part of the
dynamic farmland market we operate in. Note the
annual changes and general uptrends shown below
(since 1972).
Current Thoughts -
Prime farmland has exploded upward to $7,500 per
acre in the first quarter of 2008. That is up
25% over year-end - - wow! Sales have occurred
over $8,000 per acre! $6.00 corn and $12.00 soybeans
are pushing the market. Farmers and investors
are buying. And - - we are looking a excellent
subsoil moisture to raise the 2008 crop. Inflation
is rearing its ugly head - - look for double-digit
trouble in the upcoming year.
Dale Aupperle, AFM, ARA
President, Heartland Ag Group, Ltd.
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