Tuesday, January 6, 2009 East Central Illinois

Strong market for crops helps raise area real estate values

By Tim Mitchell
Tuesday, August 26, 2008 6:58 AM CDT

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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