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Illinois Farmland Values in Context

  • March 30, 2018
  • Bruce Sherrick and Gary Schnitkey

Each year, the Illinois Society of Professional Farm Managers and Rural Appraisers collects representative sales data from all across the state of Illinois, divided into 10 regions based on prominent…
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The Ongoing Debate over Farmland Taxation

  • March 10, 2017
  • Jennifer Ifft and Todd Kuethe

All 50 U.S. states provide some form of preferential tax treatment for agricultural land. These tax policies were adopted state-by-state in response to the rapid loss of farmland associated with…
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Weekly Farm Economics

Rising Interest Rates and Farmland Prices

  • December 20, 2016
  • Gary Schnitkey

Since the U.S. election on November 8th, interest rates on many financial instruments have increased. Interest rate increases since November 8th likely are not large enough to put much downward…
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Understanding Farmland REITs

  • October 28, 2015
  • Paul Peterson and Todd Kuethe

The pronounced growth in farm real estate values over the last decade has significantly increased the interest in farm real estate as an investment and led to the development of…
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Weekly Farm Economics

2016 Farmland Price Outlook

  • October 20, 2015
  • Gary Schnitkey, Bruce Sherrick and Todd Kuethe

Farmland prices in Illinois decreased modestly during the first half of 2015, and it appears that downward pressures are likely to continue into 2016. While headwinds related to farm income…
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Illinois Farm Real Estate Stable in 2015

  • August 21, 2015
  • Bradley Zwilling

Each year the National Agricultural Statistics Service of the USDA releases estimated average farm real estate values by state. The estimates are based on surveys of farmers from selected geographical…
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Weekly Farm Economics

Farmland Price Outlook in 2014 and Beyond

  • August 19, 2014
  • Gary Schnitkey, Todd Kuethe and Bruce Sherrick

Recent commodity price declines have led to increasing concerns that farmland prices could decline as a result of potential decreases in income to farmland. Corn prices, for example, have decreased…
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