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Illinois Land Sales Bulletin Is a Comprehensive Data Base Of Land Sales Since 1986

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February 23, 2012

Dear Subscriber:

As I read article after article about these new lofty prices being paid for farmland these days the question keeps being raised, are farmland values in a bubble? Article after article seems to bring up interesting points for both sides of the argument. Then I read an article that reminds me of a principle we all may need to revisit when pondering the direction of this farmland market. The principle is in the best book I have ever read, besides the Bible of course, “The 7 Habits of Highly Effective People” by Stephen Covey. The principle is we all see things from our own view point and sometimes we need to look at it from another’s. The farmland article I am referring to was in the February 9th issue of Landowner Newsletter and based on an economist take on the farmland bubble or lack thereof and I am starting to think probably sums it up pretty well. “It’s not that land is going up in value, it’s the dollars it takes to purchase land are going down in value.” and that’s not the best quote. I highly recommend reading the article entitled “Dotzour: Federal Budget Deficit Key Driver Behind Land Boom” later in section 1.

On another note I am going to go out on a limb here and tell you that later this year, hopefully sooner rather than later, we are planning on releasing a Land Sales Bulletin for INDIANA (nothing like putting a little pressure on my associates, of course I could get egg on my face as well). If interested give us a call and we will let you know as soon as it is available. We already have the 2011 data, but are working on the form, delivery, etc.

Finally I would like to welcome Rena Alderman to our staff at the Land Sales Bulletin. She is going to assist Jen and Renee (no that is not a misprint as we have a Renee and now a Rena) with the Illinois, Wisconsin and hopefully soon to be Indiana Land Sales Bulletin.

Click here to read our complete news letter.

Evan Lemenager, AFM Principal,
Illinois Land Sales Bulletin