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Illinois Farmland Values Drop for First Time Since 2018 - Mahomet Daily
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Illinois Farmland Values Drop for First Time Since 2018 - Mahomet Daily
Illinois farmland values experienced their first decline since 2018, falling an average of 4.41% across central and southern counties, according to Farm Credit Illinois’s annual benchmark study. The downturn marks the end of six consecutive years of growth, during which values reached record highs in 2024. The decline affects the majority of tracked properties, with 14 of the 22 benchmark farms decreasing in value while only six increased and tw…
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