2014 proves recreational property and very good land, with turbines, smart investments

2014 proves recreational property and very good land, with turbines, smart investments

At the recent Illinois Farmland Value Conference, 2014 farmland values were available. Supply is still tight, resulting in a stabilize pricing for quality land.
In 2014, cash rents were down 10 to 15%.
Flex leases are gaining acceptance and popularity.
Wind turbines were a bonus for all farmland prices. Investors like turbine revenue.
The strongest recreational properties were small tracts. Ten to 50 acres most desired, based on the potential to build a weekend retreat or home.
Tillable prices of 2014 were similar to 2013; trending more lateral than strongly up or down.
Overall, excellent farmland decreased 1% in value. Good farmland decreased 3% in value. And, average farmland dropped 2% in value.
The “take away,” is clear: recreational property is still a strong value holder in tracts of 50 acres or less, and tillable land is still a good investment, with emphasis on excellent to very good quality and the improvement of wind turbines.
Talk to your regional Illinois LandGuy today, to find out how you can make the most of land values in 2015.
– LT Taylor –

Screen Shot 2015-03-23 at 10.33.45 AM