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News from the Illinois Valley

Illinois Valley farmland values hold fairly steady

Posted by wlpo on March 31, 2016

You never want to hear about your property losing value, but farmers across the state faced that fact in 2015.

According to The Illinois Society of Professional Farm Managers and Rural Appraisers, the price of farmland overall fell by almost 10% in the state last year. The trend in the Illinois Valley is hard to find because LaSalle, Bureau, and Putnam Counties all fall into different regions in the society’s report.

The region with Bureau County and northwest Illinois was considered the most valuable farmland in the state, and “Average” land actually gained value. In total, the three zones that contain the Illinois Valley didn’t fall as much as other regions across the state.

The society says a number of factors ranging from things like weather and yields to interest rates could all have a say in what happens to farmland prices this year.

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