(SPRINGFIELD) According to the most recent AgLetter, Midwest farmland values in the third quarter of 2023 were 5% higher than a year ago. Values for “good” agricultural land in the third quarter of 2023 were 1% higher than in the second quarter. While 72% of the survey respondents anticipated farmland values to be stable during the fourth quarter of 2023, 15% anticipated them to move lower. Illinois has the fourth highest farm land value in the U.S.
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