03 November 2022, US: FBN® is committed to providing timely data-driven insights about local farmland values to empower growers in their farmland transactions.
FBN Research produces timely reports that provide multiple updates throughout the year, insights that scale from the national level to the local level. FBN reports show trends in land values up to the previous month because we want to give farmers a better understanding of current market conditions.
While land values change over time, it’s important to provide farmers with the most timely data available. FBN uses real estate transaction data to report on market values on a weekly basis (although there is some delay in reporting information from certain markets).
While deed and mortgage recordings are actually public information, they’ve historically been inconvenient to collect. But as more and more county and assessor offices digitize these records, information has been more forthcoming.
Unlike any other land valuation publication, FBN’s new Illinois Farmland Values Report (Fall 2022) delivers deep insights into U.S. market conditions based on multiple data points, including:
- Soil quality
- Land productivity
- Historical ag yield data
- Real estate transaction records
The report includes specific data on nine regions across the state, including:
- Eastern Illinois
- East Southeastern Illinois
- Northeastern Illinois
- Northwestern Illinois
- Southeastern Illinois
- Southwestern Illinois
- Western Illinois
- West Southwestern Illinois
- Central Illinois (farmland prices data visualization example below)
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