Farmland values increase

Farmland values in Illinois recovered from a mild hiccup in 2009, and so far this year have returned to an upward trend that began after the 1980s farm crisis, according to a recent article in FarmWeek.
The annual land values and cash rent report, released in August by the U.S. Department of Agriculture, showed Illinois' farm real estate value, a measurement of the value of all land and buildings on farms, increased by $120 per acre from 2009 to 2010. Land now averages $4,650 per acre.

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