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 Date County Acres Price
April 2011 Macoupin 78.00 $10,075
April 2011 Ford 74.04 $10,000
May 2011 Champaign 80.00 $11,700
May 2011 Morgan 102.27 $10,800
May 2011 Macon 818.99 $10,073
May 2011 Piatt 195.65 $10,000
May 2011 Shelby 73.13 $10,150
June 2011 Christian 81.30 $10,300
June 2011 Douglas 120.00 $9,980
July 2011 DeWitt 166.06 $9,945