From farmdoc daily: they look at the average Illinois farm real estate value, which is $9,300 per acre in 2023. That is a 4.5% higher than the 2022 average of $8,900 per acre and is the third highest increase since 2015. With a 4.5% increase in the average farm real estate value from 2022 to 2023, the average Illinois farm real estate value is now 24% higher than the value of $7,480 ten years ago.
