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Keep up with local markets throughout the year with the Farmland Trends Tracker – a free email report delivered twice a year from FCI’s state certified appraisal team.
What's happening in your local market?
A full listing of farmland sales from February-July 2023 - plus a few sales missed in the last report - sorted by county. Land classes are based on the University of Illinois Bulletin 811 soil productivity index (PI) ratings, dividing farms into four categories: A, B, C and D.
| LAND CLASS | PRICE/ACRE | # OF ACRES | SALE DATE | COUNTY |
|---|---|---|---|---|
| D | $10,075 | 40 | 2/7/2023 | Bond |
| A | $21,100 | 200 | 3/28/2023 | Cass |
| A | $17,100 | 161 | 3/28/2023 | Cass |
| A | $17,100 | 74 | 3/28/2023 | Cass |
| A | $20,100 | 70 | 3/28/2023 | Champaign |
| A | $15,400 | 146 | 6/14/2023 | Champaign |
| B | $12,240 | 63 | 2/19/2023 | Champaign |
| B | $12,200 | 239 | 3/21/2023 | Champaign |
| C | $14,100 | 40 | 4/10/2023 | Clark |
| C | $17,000 | 40 | 3/16/2023 | Clinton |
| C | $16,691 | 21 | 3/16/2023 | Clinton |
| B | $16,500 | 194 | 2/7/2023 | Coles |
| B | $14,400 | 35 | 3/29/2023 | Coles |
| B | $13,200 | 80 | 3/29/2023 | Coles |
| C | $5,300 | 99 | 3/29/2023 | Coles |
| D | $16,757 | 33 | 2/21/2023 | Cumberland |
| D | $13,331 | 43 | 2/21/2023 | Cumberland |
| A | $15,163 | 79 | 4/11/2023 | Edgar |
| C | $12,000 | 40 | 3/24/2023 | Edwards |
| C | $16,713 | 50 | 2/21/2023 | Effingham |
| C | $13,804 | 20 | 2/21/2023 | Effingham |
| C | $12,125 | 20 | 2/20/2023 | Fayette |
| C | $9,555 | 68 | 1/18/2023 | Fayette |
| C | $9,432 | 39 | 1/18/2023 | Fayette |
| C | $8,500 | 24 | 4/24/2023 | Fayette |
| C | $7,548 | 520 | 3/2/2023 | Fayette |
| C | $5,630 | 40 | 3/23/2023 | Fayette |
| D | $9,255 | 49 | 5/1/2023 | Fayette |
| D | $7,626 | 55 | 1/18/2023 | Fayette |
| D | $4,050 | 30 | 2/20/2023 | Fayette |
| A | $14,600 | 68 | 6/27/2023 | Iroquois |
| B | $17,200 | 110 | 7/12/2023 | Iroquois |
| B | $13,354 | 164 | 7/12/2023 | Iroquois |
| B | $13,100 | 81 | 7/12/2023 | Iroquois |
| C | $18,200 | 79 | 3/9/2023 | Jasper |
| C | $18,200 | 40 | 3/9/2023 | Jasper |
| C | $10,600 | 50 | 2/23/2023 | Jasper |
| C | $8,850 | 52 | 1/6/2023 | Jefferson |
| C | $7,594 | 94 | 4/3/2023 | Jefferson |
| C | $6,218 | 91 | 6/6/2023 | Jefferson |
| D | $4,900 | 34 | 6/6/2023 | Jefferson |
| A | $16,250 | 39 | 3/18/2023 | Jersey |
| A | $14,000 | 35 | 3/18/2023 | Jersey |
| C | $10,250 | 64 | 3/18/2023 | Jersey |
| B | $18,000 | 80 | 6/8/2023 | Lawrence |
| B | $12,500 | 94 | 6/8/2023 | Lawrence |
| A | $15,351 | 19 | 2/23/2023 | Macoupin |
| A | $15,198 | 106 | 2/23/2023 | Macoupin |
| A | $13,900 | 80 | 3/7/2023 | Macoupin |
| B | $15,400 | 90 | 3/2/2023 | Macoupin |
| C | $10,316 | 47 | 5/22/2023 | Madison |
| C | $6,800 | 180 | 6/2/2023 | Marion |
| A | $12,600 | 183 | 2/14/2023 | Menard |
| B | $15,797 | 76 | 2/21/2023 | Montgomery |
| C | $10,505 | 104 | 2/24/2023 | Montgomery |
| A | $19,600 | 140 | 3/10/2023 | Morgan |
| A | $18,000 | 161 | 3/14/2023 | Morgan |
| A | $15,700 | 159 | 1/24/2023 | Morgan |
| B | $15,700 | 88 | 4/18/2023 | Morgan |
| B | $15,300 | 50 | 3/9/2023 | Morgan |
| B | $13,100 | 80 | 1/24/2023 | Morgan |
| A | $20,600 | 82 | 7/20/2023 | Moultrie |
| C | $8,000 | 40 | 5/16/2023 | Perry |
| C | $5,568 | 88 | 6/29/2023 | Pulaski |
| A | $22,700 | 40 | 4/18/2023 | Sangamon |
| A | $20,100 | 79 | 4/18/2023 | Sangamon |
| A | $20,100 | 29 | 4/18/2023 | Sangamon |
| B | $12,600 | 93 | 3/9/2023 | Shelby |
| A | $17,600 | 204 | 3/2/2023 | St. Clair |
| B | $21,176 | 34 | 3/7/2023 | St. Clair |
| C | $15,081 | 75 | 3/20/2023 | St. Clair |
| C | $14,082 | 58 | 3/7/2023 | St. Clair |
| D | $11,940 | 19 | 3/20/2023 | St. Clair |
| A | $17,764 | 101 | 3/7/2023 | Vermilion |
| A | $13,836 | 152 | 3/7/2023 | Vermilion |
| B | $10,600 | 80 | 2/21/2023 | Vermilion |
| B | $10,600 | 77 | 2/21/2023 | Vermilion |
| B | $10,100 | 78 | 2/21/2023 | Vermilion |
| C | $11,700 | 247 | 4/13/2023 | Washington |
| C | $11,525 | 99 | 1/13/2023 | Washington |
| D | $13,000 | 40 | 6/8/2023 | Washington |
| D | $8,125 | 40 | 7/19/2023 | Wayne |
Farmland Value Benchmark Study
Values Inch Even Higher in 2023
According to Farm Credit Illinois’ annual benchmark study, farmland values in the central and southern 60 counties of Illinois increased for the fifth consecutive year. On average, the benchmarks were up 8.1%. While this sets a new peak for the study, 2023 values increased more moderately than reported in 2022.
"Farmland in 2023 continues displaying its strength despite rising interest costs. A new peak in the market was set once again, influenced by profitable commodity prices, constant demand coupled with limited supply of farmland, and stabilized balance sheets on many farms." - Kent Reid, Farm Credit Illinois chief appraiser
Read the full 2023 farmland value benchmark study reportSign Up For Trends Tracker
