Morning Minute: Illinois farmland values grew 16.4 percent in 2013

The upward trend in Illinois farmland prices continued this year with land averaging $7,800 an acre, a record high and a 16.4 percent jump over 2012.

It is the third year in a row that farmland values have risen at least 16 percent over the year before, according to data from the University of Illinois.

Read a U of I news release for more details and charts of farmland value changes since 1970.

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.