Illinois Farmland Prices See Big Drop

Posted:

PEORIA-----A new report says farmland prices in Illinois saw a significant decrease in 2015.

The report has just been issued by the Illinois Society of Professional Farm Managers and Rural Appraisers. The society's annual farmland value report shows that acreage across Illinois dropped between 8 and 9 percent last year. Specifically, the report found that land rated "excellent" and land rated "good" saw an 8 percent decline. Land rated "average" saw a 9 percent decline. For more information, click HERE.

David Klein is the group's general co-chairman. In a report with the Peoria Journal Star, he said the recent decline represents a natural self-correction of the market after nearly 20 years of increasing farmland values.

Current Conditions
/
  • Current EventsMore>>

  • Coats for Kids Drive

    Coats for Kids Drive

    DECATUR, Ill. (WAND) - You can help keep central Illinois children warm this winter by donating new and gently used coats during WAND-TV's Coats for Kids drive.

    More \232a

    DECATUR, Ill. (WAND) - You can help keep central Illinois children warm this winter by donating new and gently used coats during WAND-TV's Coats for Kids drive.

    More \232a
  • Agribusiness Today

    Agribusiness Today

    Get your agribusiness report here!

    More \232a

    Get your agribusiness report here!

    More \232a
  • Web Exclusives

    Web Exclusives

    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a
    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a