Re: O/T Cash rent and land values

Posted by billonthefarm on March 19, 2006 at 16:11:09 from (204.42.16.129):

In Reply to: O/T Cash rent and land values posted by J. Schwiebert on March 19, 2006 at 11:59:37:

I am in what would be west central illinois, between the Illinois and Mississippi rivers. It is mostly type A soils that are highly productive, Ipava, tama, sable, just good black dirt. Things have changed quite a bit the last couple years. Cash rents have shot up to and beyond $200 per acre. Land has sold several places for near or over $5000 per acre and this land has no development potential and was bought by local people, many farmers. Taxes generally run in the $30- $35 per acre range. We have had several exceptional crops in a row, untill this year. Right along the Illinois river was some of the worst of the drought. I dont have the numbers right in front of me but the 5yr county wide yield was around 175 bu. and this year it was less than 120. It will make some of these rents and land prices pretty tough to pencil out.
bill

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