Morning Minute: Illinois farmland values grew 16.4 percent in 2013

The upward trend in Illinois farmland prices continued this year with land averaging $7,800 an acre, a record high and a 16.4 percent jump over 2012.

It is the third year in a row that farmland values have risen at least 16 percent over the year before, according to data from the University of Illinois.

Read a U of I news release for more details and charts of farmland value changes since 1970.

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