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Excellent Quality Farmland Averaged $12,900 An Acre In Western Illinois In 2013

March 24th, 2014

MERCER ARMLAND AUCTIONThe price for excellent quality farmland in Western Illinois averaged $12,900 an acre in 2013. Good quality ground averaged $10,000 and average quality farmland averaged $7,100 an acre. Those numbers included in the annual survey from the Illinois Society of Professional Farm Managers and Rural Appraisers. Overall, the farmland market could remain sideways over the next few years or even drop a little, but the society’s Dale Aupperle says excellent quality land should continue to bring very strong prices…..

A farmland sale earlier this month in Mercer County brought $16,200 an acre for excellent quality ground south of Aledo.

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