Strong market for crops helps raise area real estate values
URBANA – Illinois farmland is more valuable than ever before, according to a University of Illinois Extension study released Monday.
The average value of farm real estate in Illinois rose from $4,330 an acre in 2007 to $5,000 in 2008, according to Dale Lattz, a UI Extension farm management specialist who prepared the report based on data from the USDA's National Agricultural Statistics Service.
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