How did farmland prices hold up in 2020? A stable year says Luke Worrell with the Illinois Society of Professional Farm Managers and Rural Appraisers
Excellent category land averaged $10,870 per acre in 2020 compared to $10,435 in 2019. Good category land was $8,446 compared to $8,335 in 2019. Recreation land averaged $3,689 per acre in 2020 compared to $3,904 the year before.
