RFA Ethanol Podcast

Land Values

Chuck Zimmerman

Mike ShaneFarmland values was a very important topic of discussion at the Farmland Investment Fair put on by the Chicago Farmers. One of the educational sessions on the topic was conducted by Mike Shane, First Farm Credit Services.

Mike told me they focused on what land values are now and what drives them. They can’t predict them of course. He says they’ve see a leveling off of values in recent years and decline in certain areas like the Dekalb, Kane and McHenry county areas around Chicago but if you go further south in the state they’re more flat or even higher. Land is still available and they’ve seen some land sell for as much as $8K in those areas. Interest rates were a question they got asked a lot and right now they’re about as low as they’re going to go.

You can listen to my interview with Mike below.

Chicago Farmers Farmland Investment Fair Photo Album

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