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Top farmland sets new highs
Source: Galesburg.com, by Joanie Stiers
January 30, 2011
Strong commodity prices and low interest rates have sales of top quality farmland setting new highs in western Illinois, while sales of wooded land and average farmland disappoint. “I’m expecting 6 to 8 percent increases in the second half of 2010, maybe even more than that,” said Gary Schnitkey, a University of Illinois professor in farm management. “It’s been a pretty dramatic increase.”
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