Profitability • Finance
Illinois Farmland Values - Winter 2022
The price of farmland in Illinois grew 25% year-on-year, commanding more than $10,300 per acre. This follows a 5% increase in 2021.
Kevin is a former Professor of Economics at the University of Maryland and Montana State University focusing on commodity markets. As an analyst, Kevin's unique commentary on cash markets can be seen weekly on Bloomberg, Dow Jones, Reuters and other publications.
The price of farmland in Illinois grew 25% year-on-year, commanding more than $10,300 per acre. This follows a 5% increase in 2021.
The price of farmland in Minnesota grew 25% year-on-year, commanding more than $6,200 per acre. This follows a 12% increase in 2021.
The price of farmland in Iowa grew 17% year-on-year, commanding more than $11,100 per acre. This follows a similar 17% increase in 2021.
FBN® Chief Economist and VP of FBN Research Dr. Kevin McNew discusses his predictions for the future of global grain markets in 2023.
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Ahead of the USDA’s latest Crop Production report on U.S. corn and soybean yield potential, learn what FBN is forecasting in our latest member report.
Ahead of USDA’s Crop Production report on U.S. corn and soybean yield potential, what is FBN forecasting for the 2022 crop year?
As clouds loom over the U.S. economy, will they cast a shadow on the future of farmland’s impressive value growth to this point?
FBN leverages member insights to provide its members with quality predictions.
After a steady climb over the past six months from $5.50 to $7.50 a bushel for the bellwether December 2022 futures contract, the past three weeks have seen relative choppy trade keeping prices hovering around the low $7 mark.