1. Land Market and Lease Trends in Illinois
Illinois Land Values Conference
March 16, 2006
Morris Illinois
Results of Membership Survey on:
Farmland Buyers and Sellers
& Lease trends

2. Estate sales dominate sellers

3. Settle estates main reason for selling farmland

4. Investors remain main buyers

5. Buyer Attributes include that…
56% of buyers use 1031 exchange funds
62% of buyers did not need debt capital

6. 1031 Buyers driving market

7. Chicago is the “Gorilla”

8. Price Increase Expected in ‘06

9. Stable Trend expected for 2007

10. Cash rent and custom farming have higher returns

11. High end returns and variability

12. Cash rents continue to increase

13. Growth seen in amount of cash rent leases

14. Competition leads to increases