Farmland

After a four-year run of substantial gains, agricultural land values in the Seventh Federal Reserve District, which includes the northern two-thirds of Illinois, saw a 1% annual decrease.

Will County has been issued its final 2024 property assessment equalization factor. The “multiplier” - as it is often called – is the method used to achieve uniform property assessments across counties.

The break-even for those in northern Illinois who own the land is $3.30 for corn and $6.75 per bushel for soybeans, while the break-even in a cash-rent scenario are estimated at $4.60 for corn and $11 for soybeans.

Family farms account for 96% of total U.S. farms and 83% of the total value of production, according to the Agricultural Resource Management Survey.

Illinois and Indiana had the highest amount of agricultural land lost to development in the Midwest over a 20-year period.

Southern Will County residents are trying to stop 3,600 acre solar energy complex.

The village of Manhattan has signed on to a lawsuit aimed at hemming in a potential 4,000-acre NorthPoint Development warehouse project.

USDA reported 7% of corn was harvested across Illinois compared to 5% at the same time in 2023.

Several hundred people Tuesday made it very clear they oppose using property taxes to help pay some of the costs of transforming 861 acres of farmland near Sugar Grove into warehouses, offices, stores and housing.

Switzerland-based Syngenta Seeds’ new 100,000-square foot facility on 88 acres in Malta is on a mission to develop crops that are more resistant to disease, formidable weather or fungus for northern Illinois farmers.

Will County barns ‘have deep character and tell a story’