Unlocking the Value of Illinois Farmland: A Comprehensive Guide to Current Land Prices and Expert Insights - June 2025 Report
Welcome to Our Monthly Illinois Farmland Value Report
In this monthly report, Rachel Tiffany, Land Broker and Auctioneer dives into Illinois farmland values, helping you understand the factors that determine what your farm is potentially worth. Our goal as auctioneers and farmland real estate agents is to provide you with up-to-date information, recent sales data, expert insights, and tips for maximizing the potential value of your farmland sale. Let us answer the questions you have about selling farmland in Illinois. Contact us today for a free consultation.
Recent Farmland Sales Data
Let’s dive into the latest sales data, including county location, land size by acre amount, soil productivity ratings, and sale prices per acre and total price in the table below. By analyzing this data, you can get a clearer picture of how your property may be valued in the current market.
Current Average Price of Farmland in Illinois
• In the month of June 2025, a total of 821 acres of 80% or more tillable farms was sold in Illinois by the auction sales method.
• The current average per acre price for land in Illinois according to these June sales is $12,288/acre for farmland in Illinois counties.
- The current average price per TILLABLE acre is $12,837/tillable acre
• The highest-selling farm in Illinois in June was a 41.01-acre property in Adams County, IL which sold for $23,000 per acre, totaling $943,230. This farm is 99% tillable with a 131 PI rating, equating to $176 per PI, and is located near North Quincy.
• See the full results of all farmland sold by auction this month at the end of the blog, along with graphs showing 12 months of data on price per acre, total acres sold, and average dollars per PI each month.
Understanding Illinois Farmland Values:
June 2025 Farmland Market Snapshot: Rural Mainstreet Update
The June 2025 Rural Mainstreet Index (RMI) rose to 51.9, its highest level in nearly two years, signaling cautious optimism across the Midwest. Still, farmers and landowners continue to face persistent challenges.
Key Regional Highlights:
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Farmland values stayed below growth neutral (40.9) for the 13th time in 14 months, impacted by elevated interest rates, input costs, and trade volatility.
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One in four farmers is expected to face negative income in 2025.
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Farm equipment sales remained sluggish for the 22nd straight month.
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Ag exports across the region declined 18.5% in the first four months of 2025 compared to 2024.
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Farm loan delinquencies stayed low, despite weak farm income. Home sales and non-farm hiring showed slight improvements.
Illinois Snapshot:
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Illinois’s RMI jumped to 52.7 in June, a strong rise from 37.6 in May.
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Farmland prices showed modest improvement, increasing to 42.3 from 37.9.
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Hiring activity strengthened, with the index climbing to 53.8.
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Illinois ag exports fell sharply—down 43.1%, or $753 million, compared to the same period in 2024.
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China was the top buyer, accounting for 27.9% of the state’s ag and livestock exports.
Bottom Line:
While there’s a glimmer of improvement in economic sentiment across the region, falling export demand, soft commodity prices, and ongoing cost pressures are still weighing on farmland values. Landowners considering a sale in 2025 may want to evaluate local conditions and act before broader market supply increases.
For more detailed information, visit the Creighton University Rural Mainstreet Economy page.
Rachel Tiffany
Auctioneer & Land Broker
Email: [email protected] | Phone: 515-954-8063
Assessing Your Farm’s Worth:
Illinois Land Market Analysis Appraisal Technique
Curious what your farm could sell for? We prepare market analysis for each of our farmland sellers to help you discover and learn what your farm is worth from our market based research and expertise. Fill out our form here to request a market analysis of your Illinois farmland or call us at 402-739-8696
Current Farmland Prices in Iowa: A 12-Month Overview
In June, the average price per acre dropped to $12,288/acre. There were two sales in Saline County that sold for 3,500/acre and 3,514/acre on June 19th which may have brought the overal average price per acre down since these sales were tillable farmland. These figures reflect farms that are at least 80% tillable. The median for example, is $12,550/acre.
One year ago, the average stood at $14,226/acre, while the current 12-month rolling average is $13,356/acre—a more stable indicator of market trends than this month’s snapshot.
If you’re thinking about selling, reach out for a professional assessment of your farm’s current market value.
Number of Acres Sold Per Month – 80% or more Tillable Farms
Farmland sales volume in June increased from May and totaled 821.66 acres. This is a good sign that sales are starting to pick back up and expecting a busy Fall and Winter to round out 2025 farmland auctions. A year ago, 1,928 acres was sold.
If you’re considering selling farmland, now is a great time to start the conversation. Fill out our quick form to get connected with one of our experienced auctioneers or land brokers—we’re here to guide you through every step of the process.
Monthly Illinois Auction Results: Average Price Per PI Point
The price per Productivity Index (PI) point dropped by $11 from May to June, landing at $96/PI. This compares to last year’s average of $109/PI. The current 12-month rolling average is $105.5/PI, which offers a more stable indicator of land values than this month’s figure, which may be impacted by the two sales mentioned above in Saline County that brought down the overall average price per acre as well. The median price per PI is $101/PI.
In Illinois, the PI rating is a key metric in determining farmland value. If you’re unsure of your farm’s PI rating, contact us for a complimentary soil map and property evaluation—especially if you’re considering a sale.
Livingston County, Illinois Farmland Auction Results
DreamDirt Farm & Land Auctions recently sold 69.63 acres of high-quality, 100% tillable farmland near Ancona in Livingston County for an impressive $17,100 per acre. Located just south of Streator, Illinois, the property boasts a 137.1 Productivity Index (PI), translating to $124.70 per PI point—a strong market result that exceeded the seller’s expectations.
Looking to sell farmland? Contact Auctioneer Rachel Tiffany at 515-954-8063 or [email protected] to explore upcoming auction opportunities.
RECENT FARMLAND SALES IN ILLINOIS
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/PI |
|---|---|---|---|---|---|---|---|---|---|
| Fayette | 06/02/2025 | 44.00 | $506,000 | $11,500 | 44.00 | $11,500.00 | 100.00 | 104.1 | $110 |
| Union | 06/06/2025 | 150.96 | $753,000 | $4,988 | 142 | $5,303 | 94.06 | 111.2 | $45 |
| Cumberland | 06/06/2025 | 64.13 | $534,603 | $8,336 | 57 | $9,379 | 88.88 | 95.4 | $87 |
| Fulton | 06/17/2025 | 23.38 | $313,292 | $13,400 | 20.00 | $15,664.60 | 85.54 | 121.5 | $110 |
| DeKalb | 06/17/2025 | 81.32 | $967,708 | $11,900 | 81.32 | $11,900.00 | 100.00 | 142.8 | $83 |
| Fulton | 06/17/2025 | 21.68 | $286,176 | $13,200 | 21.68 | $13,200.00 | 100.00 | 141.3 | $93 |
| Livingston | 06/17/2025 | 110.05 | $1,595,653 | $14,500 | 108.91 | $14,651 | 98.96 | 133.9 | $108 |
| Saline | 06/19/2025 | 20.00 | $70,000 | $3,500 | 19.04 | $3,676.47 | 95.20 | 98.8 | $35 |
| Saline | 06/19/2025 | 35.00 | $123,000 | $3,514 | 35.00 | $3,514.29 | 100.00 | 105.0 | $33 |
| Woodford | 06/20/2025 | 100.00 | $1,695,000 | $16,950 | 90.81 | $18,665.35 | 90.81 | 137.7 | $123 |
| Woodford | 06/20/2025 | 77.77 | $1,403,749 | $18,050 | 72.60 | $19,335.38 | 93.35 | 140.9 | $128 |
| Woodford | 06/20/2025 | 20.00 | $350,000 | $17,500 | 19.59 | $17,866.26 | 97.95 | 142.1 | $123 |
| Adams | 06/24/2025 | 41.01 | $943,230 | $23,000 | 41 | $23,006 | 99.98 | 131.0 | $176 |
| McDonough | 06/26/2025 | 32.36 | $378,612 | $11,700 | 31.38 | $12,065.39 | 96.97 | 125.9 | $93 |
| Totals/Averages | 821.66 | $9,920,022 | $12,288 | 784.33 | $12,837.59 | 95.84 | 123.7 | $96 |
Navigating the Selling Process:
Tips for Selling Your Farm in Illinois
Explore a set of practical tips for successfully selling your farmland by downloading our free eBooks here. Schedule a non obligatory consultation with us today and we will cover everything from when is the best time to sell, a customized marketing plan, sales methods, how we can help you find the right buyer, and answer your questions.
Farm Real Estate Experts in Illinois
Meet our team of Illinois farm real estate and auction experts who can provide you with valuable guidance and personalized assistance throughout the selling process. If you’re looking to uncover the true value of your Illinois farm or are considering selling, don’t hesitate to reach out to our experienced team. We’re here to provide you with a customized plan to meet your goals. Contact us today to get started.