Farmland Barometer - July 2011

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In the News

Agriculture is in the spot light these days. Take a quick look at what the general public is talking about and you get a good focus on our world!

  • Corn and Soybean Digest - Are higher commodity prices the new normal?
  • Landowner - Fed Bank worries over potential collapse in land values.
  • The Economist - Sowing Bubbles - - regulators grow increasingly worried about steep cropland prices.
  • The Main Street Economist - What are the risks in today's farmland market?
  • The National Inflation Association - America's oil price inflation crisis is yet to come.
  • Voice of America - Australia urged to protect key farmland from foreign buyers.
  • Farmgate Blog - What happens to corn if ethanol subsidies disappear?
  • New York Times - In battle over farm subsidies - - some farmers say no.
  • Globe Gazette - Rising land prices are attracting increased sale listings.

Recent Sales - here are 10 sales that have occured since March 2011 across the central part of Illinois:

Sale DateCountyAcresPrice
April 2011Macoupin78.00$10,075
April 2011Ford74.04$10,000
May 2011Champaign80.00$11,700
May 2011Morgan102.27$10,800
May 2011Macon818.99$10,073
May 2011Piatt195.65$10,000
May 2011Shelby73.13$10,150
June 2011Christian81.30$10,300
June 2011Douglas120.00$9,980
July 2011DeWitt166.06$9,945