Illinois

Missouri Regulators Approve Sale of Grain Belt Express Clean Line

In June, the Missouri Public Service Commission approved the acquisition of a proposed transmission line that will harness wind energy generated in Kansas and deliver it to urban markets. This regulatory hurdle is the latest in a lengthy series of

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Posted in Energy, Feature, Great Plains, Illinois, Indiana, Kansas, Missouri, News Desk

SOLD! Farm Owned by Honest Abe Sells at Auction

Farmland once owned by Abraham Lincoln sold for $300,000 at auction on Feb. 12 – Lincoln’s birthday. Of the 590 total acres auctioned, 30 were once owned by Lincoln. According to the Journal Gazette & Times-Courier, the Best family decided

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Posted in Agriculture, Auctions, Farming, Feature, Illinois, Midwest, News Desk

Farmland Values Remain Robust

Surveys in Nebraska, Illinois, Indiana, and Iowa show strong, steady farmland values according to Successful Farming. An overall trend that supports the surveys’ findings is that when land comes available in today’s market, farmers have proven to be aggressive bidders.

Posted in Agriculture, Farming, Feature, Illinois, Indiana, Iowa, Nebraska, News Desk

Increasing Percentage of Family-Owned Farms Are Not Family-Farmed

According to the Department of Agriculture, 99 percent of all farms in the US are family-owned, not corporate farms. Yet because of demographic trends and costly barriers to entry, only 60 percent of farmland nationwide is actually farmed by those

Posted in Agriculture, Farming, Feature, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Stable Farmland Values Trump Falling Commodity Prices

Year-over-year farmland values in the Corn Belt are holding steady; however, in the most recent quarter, an uptick in Iowa and in Wisconsin pulled overall values in the Seventh District into positive territory for 2018. – The Editors NATIONAL —

Posted in Agriculture, Equities, Farming, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Corn Belt Ag Values Edge Slightly Higher in 2017

The Chicago Fed reports that a three-year slide in farmland values in the Seventh Federal Reserve District has come to an end. According to senior business economist David Oppedahl, an annual increase of 1 percent in nominal terms was recorded

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Posted in Agriculture, Farming, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Chicago Fed Reports Minimal Change Over Last Year

Farmland values in the Seventh Federal Reserve District saw a year-over-year decrease of 1 percent in the third quarter of 2017. The Midwest has not experienced a year-over-year decrease or increase in agricultural land values greater than 1 percent in

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Posted in Agriculture, Cattle, Farming, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Farmland Values in the Corn Belt Swing to Positive

Despite lower prices for corn and beans, ag land values in the all-important Seventh Federal Reserve District increased 1 percent. This gain was not only for the second quarter over the first quarter of 2017, but it also applied on

Posted in Agriculture, Cattle, Feature, Federal Policy, Great Plains, Illinois, Indiana, Iowa, Missouri, News Desk, Wisconsin

Chicago Fed to Host Global Ag Conference

Anyone remotely interested in US agriculture and its ties to the global economy should make plans to attend the Federal Reserve Bank of Chicago’s Agricultural Conference on Tuesday, November 28. The focus of the one-day event will be agricultural trade

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Posted in Agriculture, Farming, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

Downward Trend in Corn Belt Land Values Comes to a Halt

Farmland values in the Seventh Federal Reserve District remained steady in the first quarter of 2017, a welcome development that ended a two-year slide in land values in the Midwest. As the chart below demonstrates, this newfound stability applied to

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Posted in Agriculture, Cattle, Farming, Feature, Illinois, Indiana, Iowa, Midwest, Missouri, Ohio

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