Will prices of land in the Corn Belt continue rising or they will stop because of recession?

Question

And what is the usual price for land in IA, IL, MO and IN?

Answer 1

land will always go up in price. just like machinery.. and what reccession, theres no reccession

Answer 2

In the long run land will always rise in price as long as the human population increases. The only land being made is in the large cities where they dump their sewer sludge into the ocean to create a little bit of land.

Looks like at some point we are going to need every farmer on the planet no matter how he/she farms.

Answer 3

All I know is that its making it pretty hard for a young farmer to get into the business.

Answer 4

since it costs more per gallon to produce ethanol than gasoline i look for prices of farmland to go down 10 to 20 percent. now is a good time to sell out if you can make a profit. otherwise get set for a long hard ride.

Answer 5

The price will continue to rise due to the fact that corn is now being used for fuel and fuel additives.  As long as oil rises and makes this an attractive option, the price for corn will rise (as well as the land that grows it).  Currently farmers are replacing their crops with corn because it is so much more economically sound.

Answer 6

Depends on the supply demand thingSorry havent priced land in any of these States I live in Florida

Answer 7

Well i live in central Illinois, and land is on an upward trend.  Investors from the east coast, and even Chicago are investing money so the IRS cant get them on a Capital Gain tax.  This is the main reason behind land prices being so high, not the rising corn prices.  For good ground around me can range from $4000 to $6000 an acre, but in extreme cases land last fall went close to $7000 an acre.  When land goes for sale around here, it goes up in an auction style, highest bidder wins.

Answer 8

i cant tell you what the price of land is there as i farm in west ky i do believe we are headed into a recession land prices will fall they always do land around my area sells for 4 to 5 thousand an acre in the late 70s the same land was selling for about 3 thousand crop prices were high then in the early 80s fuel prices were high fert. was high and crop prices started to decline by 85 the same land that was selling for 3 thousand was selling for 5 and 6 hunderd i thimk it is just a matter of time before prices of land start downward for those of us who are farming we are going to have some tough times ahead of us so if you are farming i wouldnt be trying to purchase alot right now save will be the key to making it only the financialy sound will weather the strom that is a head of us in the farming community hope this information will help you

Answer 9

A lot of the housing market that went to h**l was purely speculative.  A lot of farm ground is purchased on speculation also.  I don't expect farmland to follow the downward trend unless the ethanol and soydiesel shoots craps, then the price of grain will drop and so will land prices.

Answer 10

land around us (mid-MO) is averaging about $3500 an acre, so thinking I am glad I am not in IL, sorry Matt, 'cause I thought it was bad here :)

I have no idea if the 'supposed' recession will help level off prices or not, we can always hope............