More evidence that farmland values continue to be strong in Illinois. A couple of recent sales in central Illinois brought some very good numbers says auctioneer Mike Crabtree.
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Numbers from the Illinois Society of Professional Farm Managers show farmland values in the state increased by 5 percent during the first half of 2012. On July 1st, farmland prices averaged $11,200 per acre for excellent quality farmland, $9,200 for good quality farmland, $7,800 for average quality farmland, and $5,900 for fair quality farmland.