Landwatch Il (2024)

FAQs

How much does 1 acre of land cost in Illinois? ›

Typical per acre pricing range: $7,500 - $12,000

Quality tillable soil composition and irrigation potential helps boost farmland value in counties like Hanco*ck, Henry and Bureau compared to inconsistent crop yields and relatively remote Sangamon/Menard tracts warranting slight valuation dips by comparison.

Average Price per Acre of Hunting Land in the Eastern and Southern Midwest (Illinois, Iowa, Missouri): $2,975 per acre.

Illinois farmland covers 27 million acres -- about 75 percent of the state's total land area.

The cheapest land in the United States is located in New Mexico, Arizona, Michigan, Colorado, and Texas. However, it's important to note that the price per acre of a piece of property is dependent on several factors, including location and the type of land.

The current average per acre price for land in Illinois according to these January sales is $12,097/acre. The highest selling farm in Illinois in the month of Januray 2024 sold on January 30th in Champaign County for $2,775,986 or $17,040 per acre for 162.9 acres, with a PI of 139.6.

In general, anyone wishing to hunt in Illinois is required to purchase a hunting license. There are some exceptions to this requirement. Anyone born after January 1, 1980, will need to complete a Hunter Safety Education Course before obtaining a hunting license. Proof of completion must be available while hunting.

Resident landowners or tenants (including those leasing land) of land of 39.5 acres or more can apply for free firearm or archery deer permits. Permits are a combination of one either-sex permit and one antlerless permit.

The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2023 at $259 per acre, up by $16 per acre from the 2022 level of $243 per acre (see Figure 1).

Topping the charts with approximately 38,000 acres is none other than The Church of Jesus Christ of Latter-day Saints, also known as the Mormon Church. Yup, you read that right – a religious organization reigns supreme as the biggest landowner in the state.

Farms and Land by Size of Farm

2 42 1 to 49 acres In 2022, the largest 2% of U.S. farms (5,000 or more acres) controlled 42% of all farmland. Conversely, 42% of farms had less than 50 acres and controlled 2% of all farmland. In 2002, the largest farms controlled 35% of all farmland.

Does Illinois have good farmland? ›

Illinois produces about 274 million bushels of corn per year that is used to produce more ethanol than other states which totals to about 678 million gallons. Farmland in Illinois is often considered some of the most productive in the United States.

Between 2022 and 2023, inflation-adjusted U.S. average cropland values rose by 4.6 percent to $5,460 per acre compared to 1.2 percent per year over the previous five years (2017 to 2022), while average pastureland values rose by 3.2 percent to $1,760 per acre compared to 1.0 percent per year over the previous five ...

Recent Land And Farm data includes approximately 100,000 acres of recreational land and property for sale in Illinois, which was valued at a combined $189 million. The average price of recreational land and property for sale in Illinois is $597,503.

Federal land is managed for many purposes, such as the conservation and development of natural resources, grazing and recreation. The federal government owns 1.14 percent of Illinois's total land, 406,734 acres out of 35,795,200 total acres. Illinois ranked 38th in the nation in federal land ownership.

The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2023 at $259 per acre, up by $16 per acre from the 2022 level of $243 per acre (see Figure 1).