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Land Resources / News / Illinois

Farmland prices continue to head upward

Source: SJ-R.com, by Tim Landis
March 18, 2011
One of the fastest run-ups in Midwestern farmland prices in 30 years shows no signs of slowing, including already record-high prices in Illinois.

A series of forecasts, including a statewide survey of farmland sale prices released Wednesday, point to a continued increase in the cost of farmland – even though prices for prime acreage rose as much as 22 percent in the Springfield area in the past year.

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