What's News
05/22/2014
Slight Reduction In Overall Land Values
According to the Federal Reserve Bank of Chicago Ag Letter dated May of 2014, there has been a slight reduction in overall land values since fourth quarter of 2013. This is the first quarterly decrease in land values in five years. Cash rents are down 2% relative to 2013 cash rents, the primary cause is due to a 37% reduction in corn prices and 8.5% reduction in soybean prices. The Federal Reserve believes land values are stable for the 2nd quarter, but could see further decline in value depending on future commodity prices. Total number of acres available for sale and sold is down compared to 2013 as well, but it’s still a local market for values and cash rents. It is my opinion this has been expected for several years. I believe a solid stable market never goes straight up. This pause in land values should help build a stronger market in the long run.
What's News Archive
- Farmland Insights Newsletter
05/13/2018 - One year anniversary!
04/15/2018 - Land value Trends
04/15/2018 - CCIM Designation Achieved
05/01/2016 - Illinois farmland survey
03/28/2016 - National Realtors Land Institute Conference Dallas Texas
03/15/2016 - New Year resolutions
01/21/2016
property alerts
Be alerted to new listings, changes in current listings, and closings as a way to keep your finger on the pulse of the land market.