Iowa Public Television

 

High Illinois Farm Prices Could Last through 2012

posted on January 27, 2012


DECATUR, Ill. (AP) - Some experts believe this year's rising
farmland prices in central Illinois could continue for at least the
next year.
     Land sales companies say farmland prices in the region increased
by more than 30 percent in 2011 to an average of more than $10,000
an acre. That mirrors a trend across the Midwest of rising land
values based on high prices for crops such as corn and soybeans and
interest among investors.
     Dale Aupperle is president of Heartland Ag Group in Forsyth. He
told The Herald & Review newspaper (http://bit.ly/wzrdOv ) in
nearby Decatur that crop prices should stay high over the next year
and keep land prices up.
     Roger Hayworth of Farmers National Co. says the high prices are
convincing growing numbers of land owners to sell.


Tags: corn farmland Illinois prices soybeans