Illinois farmland values continue upward spiral
24. In some local instances proposals for underground gas storage, recent discovery of production volumes of oil, and continuing coal mining has sensitized the market to the value of mineral interests and rights.
25. Irrigated land returned proportionately higher income due to higher commodity prices and improved yield from irrigation.
26. Farm operators continued and expanded the trend of bringing current landlords and other absentee investors to the farmland market.
27. In 2011 there have been several notable expansions or new construction of high capacity grain rail-loading facilities, mostly destined to move Illinois grain to cattle, hog, and poultry operations out of state.
28. Some areas benefit with strong grain prices from grain market outlets on navigable rivers, rail terminals, local area end-users and specialty food product processors.
29. Another year in 2011 where corn following soybeans, rather than one or more years of corn, performed significantly better.
30. Almost every county in the state had instances of a record new high price per acre for farmland.
Copies of the complete report can be ordered from the Society at www.ispfmra.org.