Index numbers of illinois farmland values

The composition of the Farmland Index can change over time. The number of properties changes as Data Contributing Members buy and sell properties and new Data Contributing Members are added. Properties exit the Farmland Index when assets are sold or otherwise leave the database. All historical data remains in the database and in the Index. Two periods are interesting to focus on. First, during the period from about 1978 to 1984, there was a stark departure between the CMT-10 and the rent-to-value ratios of farmland in Iowa, Illinois, and Indiana suggesting that land returns were out of line with their capitalized values. The average farmland value estimate in Ogle County, IL is $8,139/ac. Soil information is sourced from the Web Soil Survey developed by the National Cooperative Soil Survey and operated by the USDA Natural Resources Conservation Service (NRCS). Crop history information is sourced from the NASS Cropland Data Layer (CDL).

Worrell Land Services, LLC. 2240 West Morton Jacksonville, IL 62650 (217) 245- 1618 . Region 8 . Dale Kellermann, AFM . First Illinois Ag Group . 138 Eagle Drive Suite B . O’Fallon, IL 62269 (618) 622- 9490 . Region 9 David M. Ragan Farm Credit Services of Illinois 1506 E. Lafayette Ave. Effingham, IL 62401 (217) 342- 6640 Region 10 . Phil Eberle The soil productivity index ratings for Illinois farmland run from a low of 100 to a high of 147. Lands with soil productivity index ratings below 100 are not considered to be prime farm ground. Often times, a farm will be described as an A, B or C class farm. There are 883,402 agricultural parcels in Illinois. In Illinois, soil productivity ratings are determined by the optimal Productivity Index (PI) as outlined in Bulletin 811. The average PI rating in Illinois is 116. The average farmland value estimate in Illinois is $7,563/ac. Index Numbers of Illinois Farmland Values. August 15, 2019. Summary of index numbers for Illinois farmland values. Get the Report. Finance. Finance. Financial Characteritics of Illinois Farms. September 1, 2017. This report is based on data obtained from farm business records on Illinois farms. It is an annual summary of such records obtained

1.Index numbers can be used to estimate what farmland values were in past years. Some people use this to estimate a basis in farmland. Example: Current land values are $6,500 per acre.

As shown, after the user-selected inputs are chosen, the utility returns average values of Illinois farmland of $2,350 in 2000 and $7,350 in 2017. The utility also provides a convenient means to determine the continuously compounded growth rate or CCAGR average rate of return by comparing any two points in time [1] . Worrell Land Services, LLC. 2240 West Morton Jacksonville, IL 62650 (217) 245- 1618 . Region 8 . Dale Kellermann, AFM . First Illinois Ag Group . 138 Eagle Drive Suite B . O’Fallon, IL 62269 (618) 622- 9490 . Region 9 David M. Ragan Farm Credit Services of Illinois 1506 E. Lafayette Ave. Effingham, IL 62401 (217) 342- 6640 Region 10 . Phil Eberle The soil productivity index ratings for Illinois farmland run from a low of 100 to a high of 147. Lands with soil productivity index ratings below 100 are not considered to be prime farm ground. Often times, a farm will be described as an A, B or C class farm. There are 883,402 agricultural parcels in Illinois. In Illinois, soil productivity ratings are determined by the optimal Productivity Index (PI) as outlined in Bulletin 811. The average PI rating in Illinois is 116. The average farmland value estimate in Illinois is $7,563/ac. Index Numbers of Illinois Farmland Values. August 15, 2019. Summary of index numbers for Illinois farmland values. Get the Report. Finance. Finance. Financial Characteritics of Illinois Farms. September 1, 2017. This report is based on data obtained from farm business records on Illinois farms. It is an annual summary of such records obtained The composition of the Farmland Index can change over time. The number of properties changes as Data Contributing Members buy and sell properties and new Data Contributing Members are added. Properties exit the Farmland Index when assets are sold or otherwise leave the database. All historical data remains in the database and in the Index. the average Illinois farm real estate values that includes the value of all land and buildings. The base year for the index is 1979 whose index number is set to 100. The index is posted on thefarmdoc website €here. How to Use Index Numbers of Illinois Farmland Values 1.Index numbers can be used to estimate what farmland values were in past

The ISPFMRA conducts an annual effort to collect data on farmland values and lease trends for nine regions of Illinois, resulting in a yearly “Illinois Farmland Values and Lease Trend” booklet. Booklets for previous years are available on the ISPFMRA website. The 2018 Booklet can be purchased on the ISPFMRA website. 2018 Cash Rents

The ISPFMRA conducts an annual effort to collect data on farmland values and lease trends for nine regions of Illinois, resulting in a yearly “Illinois Farmland Values and Lease Trend” booklet. Booklets for previous years are available on the ISPFMRA website. The 2018 Booklet can be purchased on the ISPFMRA website. 2018 Cash Rents

In recent years, farm real estate (land and structures) has typically accounted for about four-fifths of the total value of U.S. farm assets. (See more on farm assets and debt, including real estate.).) Farmland values have stabilized since 2014, following a long trend of appreciation since the 1980s.

Our valuation model utilizes over 20 field-level and macroeconomic data variables to estimate the value of an individual plot of farmland in California, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, Ohio, and Wisconsin. In recent years, farm real estate (land and structures) has typically accounted for about four-fifths of the total value of U.S. farm assets. (See more on farm assets and debt, including real estate.).) Farmland values have stabilized since 2014, following a long trend of appreciation since the 1980s.

The soil productivity index ratings for Illinois farmland run from a low of 100 to a high of 147. Lands with soil productivity index ratings below 100 are not considered to be prime farm ground. Often times, a farm will be described as an A, B or C class farm.

The ISPFMRA conducts an annual effort to collect data on farmland values and lease trends for nine regions of Illinois, resulting in a yearly “Illinois Farmland Values and Lease Trend” booklet. Booklets for previous years are available on the ISPFMRA website. The 2018 Booklet can be purchased on the ISPFMRA website. 2018 Cash Rents Illinois Farmland Values & Lease Trends Understanding Our Farmland Categories Using the Productivity Index from the University of Illinois (Bulletin 811). Excellent Productivity – 147 to 133 Good Productivity – 132 to 117 Average Productivity – 116 to 100 Fair Productivity – Less than 100 Recreational Tracts Transitional Tracts

Index Numbers of Illinois Farmland Values FBM-0321 University of Illinois Farm Business Management Resources Index Numbers of Illinois Farmland Values Index Index Index numbers numbers numbers Date (1979=100)1 Date (1979=100) Date (1979=100) 1912 5.7 1913 5.9 1914 6.1 1915 6.1 1916 6.1 1917 6.6 1918 7.0 1.Index numbers can be used to estimate what farmland values were in past years. Some people use this to estimate a basis in farmland. Example: Current land values are $6,500 per acre. Index of Illinois Land Values. Farmdoc chart and PDF of historical Illinois land values from 1912 to the present. Learn more Financial Benchmarks of Illinois Farms. Tables and charts of financial characteristics of Illinois Farms enrolled in Illinois FBFM Association.