The Illinois farmland investment market rings up another record this year as a plot of land sold for $13,500 per acre.
The transaction was made on June 3, just eight days after setting a record of $12,900 per acre. Both sales were in Champaign County.
Last fall, an area of farmland was sold in Iowa for $13,950 an acre.
Economist say farmland is a hot investment in the market right now because of its stability.