Agribusiness Sources: US Census of Agriculture; Illinois Society of Professional Farm Managers & Rural Appraisers
LAND VALUES SUMMARY BY CLASS 12000
$12,000
Excellent
10000 $10,000
Good
8000 $8,000
Average
$6,000 6000
Fair
$4,000
4000
2010
Farmland Classification
2011
2012
Total Value per Acre
2013
Change
2014
Avg. Rent Cost per Acre
from prior yr.
Change from prior yr.
Excellent
$10,400 - $12,800
5-10%
$360
10%
Good
$7,500 - $10,200
5-10%
$320
10%
Average
$6,500 - $8,200
5-10%
$275
FARMS
.F
2002: 1,285 2007: 1,389 2012: 1,312
ARM SIZE
*WHAT THIS MEANS:
in acres
2002: 449 2007: 396 2012: 470
ES
M A R K ET V in dollars
UE AL
T.
2002: 132,373
me t n
2012: 376,927
a
ch
ine
ip
of m
M A R K ET V in dollars
2007: 176,444
Agriculture is a thriving industry in Champaign County with land values on a steady incline while farm sizes are growing and yields are increasing. In fact, according to the USDA, corn and soybean yields in Illinois are the highest ever on record.
q ry an d e
u
UE AL
T.
ES
2002: 130,928
sold
gr of a
ic
2007: 224,235 2012: 323,295
u lt
ts
AV G
TO T
AL
No change
ur al pr o d u
c
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