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Farmland Boom Pushes Illinois Prices Higher
Farmers flush with record income rush to expand as Illinois land prices surge. At a Marshall auction Doyle Greenwell bid up to 615 dollars an acre but lost to a higher offer. nationwide gains average 10 percent with soybeans corn wheat and cotton in demand. Mortgage money remains abundant at about 7.5 percent fueling the boom amid cautious forecasts.
MENTIONED IN THIS ARTICLE
Doyle Greenwell
Illinois
Marshall
Greenwell
Agriculture Department
Chicago
Department of Agriculture
Iowa
John Lowenburg
Doane
Agricultural Service Inc
William G. Murray
Iowa State University
Lowenberg
Doane’s
Farmer City
Orthel Do A. Perthman
Illinois Power Co