Development Land Farmland in Illinois

Development Land farmland in Illinois for a Under 50 Acres parcel costs approximately $40,286 per acre, with a total investment of $1,007,150. The estimated annual ROI is 2.6% with cash rent of $1,611 per acre.

Illinois has 71,000 farms with an average size of 372 acres. Farmland prices average $9,400 per acre statewide, with 2.1% year-over-year appreciation. Cash receipts total $19.2B annually.

The estimated annual ROI is 2.6% for a Under 50 Acres parcel, generating $26,250 in annual income ($1,050 per acre). The 5-year appreciation estimate is 4411.0%.