Hardware FixRecommendedDevice not working? Your driver may be the problemCheck updates for common hardware issues.Fix DriversOctober DealsAmazon USOctober deal check: compare before you payAmazon US: current deals, useful picks and tech finds.Check DealsWindows FixRecommendedWindows errors stealing your time? Find the fix fastScan stability, cleanup and performance issues.Fix Now×
Skip to content
The Finance Base
The Money Desk · Blog
Re:

Illinois Farm Real Estate Values in 2025: $8,930 per Acre Despite Lower Farm Incomes

USDA estimated Illinois farm real estate at $8,930 per acre in 2025, 2.6% above the adjusted 2024 average. Here’s what the statewide figure does—and does not—say about local land values and farm income.
From TheFinanceBase Team3 min to read
Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Illinois farm real estate averaged $8,930 per acre in 2025, up 2.6% from the adjusted 2024 average of $8,700. The measure includes land and buildings used for agricultural production. The increase came even as farm incomes had been lower in 2024 and were projected lower for 2025 in the outlook available when the original analysis was published in August 2025. Later income estimates changed the national picture, but do not establish a corresponding Illinois-specific income change.

What the 2025 Illinois figure measures

USDA’s National Agricultural Statistics Service (NASS) estimated the average value of Illinois farm real estate at $8,930 per acre in 2025. Farm real estate includes land and buildings used for agricultural production; it is not a cropland-only sale price. The estimate is a statewide average derived from NASS’s Agricultural Land Values survey, not an appraisal of a particular farm or parcel. USDA NASS, 2025 Agricultural Land Values and Cash Rents

The adjusted 2024 Illinois average was $8,700 per acre, making the 2025 estimate 2.6% higher. University of Illinois farmdoc also reported a 22% rise from $7,300 per acre in 2016 to the 2025 average. Those comparisons describe statewide estimates, not the change in value of every Illinois farm. University of Illinois farmdoc daily, August 8, 2025

Why values could rise while farm incomes were under pressure

The income contrast needs a date attached. In its August 8, 2025 analysis, farmdoc said farm incomes had been lower in 2024 and projected to be lower in 2025. That was the outlook at publication, not a final comparison of Illinois farm income for 2025.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

USDA’s Economic Research Service (ERS) later published first estimates for 2025 national and state farm income. Its September 2026 update revised the national net farm income estimate upward by 5.2% compared with the preceding forecast. That revision is national, not an Illinois-specific income change, and ERS notes estimates can be revised as new information is incorporated. The available state-specific information here does not establish whether Illinois farm income rose or fell in 2025. USDA ERS, Farm Income and Wealth Statistics and revision history

Farmdoc author Bradley Zwilling offered possible explanations for the land-value increase: “Higher off-farm income, strong debt to asset ratios and continued outside investor interest may have led to some of this increase.” The wording is deliberately tentative. The statewide estimate does not prove that any one of those factors caused values to rise.

Rank #2
Ghost Stories of Illinois
  • Used Book in Good Condition

Statewide averages do not describe every local market

Actual transaction prices vary with location, soil productivity, tract size and configuration, buildings, and the circumstances of a sale. Illinois Extension’s summary of the 2025 Illinois Farmland Values and Lease Trends Conference describes ten regional groupings and differences by soil productivity. It also reports softening in parts of the market in late 2024, alongside variation in local sales. Illinois Extension, May 15, 2025

The conference summary says estate sales accounted for 59% of farms sold in 2024 and 53% of farm sales were conducted at public auction. These are descriptions of the reported 2024 transactions, not statewide price-change measures or forecasts.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

NASS estimates can be revised the following year, and farmdoc notes they may also change as information from the five-year Census of Agriculture is incorporated. For a parcel-specific estimate, use recent comparable local transactions and consult a qualified agricultural appraiser or farm manager rather than multiplying acres by the statewide average. Farmdoc also points readers to its farmland value index and online tools for estimating a current or past value from a purchase price or appraisal. University of Illinois farmdoc daily

Farm real estate value is not cropland rent

NASS reported Illinois cropland cash rent of $264 per acre in 2025. Rent is an annual lease payment; farm real estate value is an estimate of the asset value of land and buildings. The two figures answer different questions and should not be compared as though one were a sale price or a direct measure of the other. USDA NASS, 2025 Agricultural Land Values and Cash Rents

Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

Illinois and U.S. figures at a glance

Measure 2025 figure What it means
Illinois farm real estate $8,930 per acre Statewide average value of farm land and buildings; up 2.6% from adjusted 2024.
U.S. farm real estate $4,350 per acre National average, up $180 per acre from 2024.
Illinois cropland cash rent $264 per acre Annual cash rent, not an asset value or sale price.

All three 2025 figures are from USDA NASS’s Agricultural Land Values and Cash Rents report. The Illinois statewide real estate figure should not be read as a prediction of an individual farm’s sale price. USDA NASS, December 2025

Quick Recap

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

More post from the Money Desk

  1. The Money DeskBlogTheFinanceBase09 OCT 267 minMortgage Escrow FAQs: Taxes, Insurance, Shortages, and Refunds
  2. The Money DeskBlogTheFinanceBase09 OCT 265 minHow Mortgage Escrow Accounts Work and What Homeowners Pay For
  3. The Money DeskBlogTheFinanceBase09 OCT 265 minHow to Read a Stock Chart, Volume and Market-Cap Data
Recommended PC Tool
Recommended PC Tool
PC Slower Than It Used to Be?Free scan - under a minute
Outdated Drivers Are Slowing You DownFree scan - exact matches

Two free Windows tools

One Free Minute Could Fix That PC

Before you go - each of these free tools takes about a minute and tackles what quietly slows a Windows PC down.

Special offer. View Outbyte info, uninstall instructions, EULA, and Privacy Policy.