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Prices and rents for agricultural land depend on supply and demand. ... Prime farmland in Illinois is valued, as of August 2018, at $26,000 a hectare. [20]
The Land Act of 1820 (ch. 51, 3 ... Congress also reduced both the minimum price (from $2.00 to $1.25 (equivalent to $27 in 2023 [1]) per acre ...
According to a 2023 article from Nasdaq, the value of farmland has been shown to rise alongside inflation, with the value of U.S. farmland hitting 10.2% in 2022 at a time when the average ...
After 1860 the township filled up rapidly and little unoccupied land was to be found anywhere in its boundaries. The Will County Plat Atlas, 1862 shows some of the land in Will Township was still owned by the Illinois Central Railroad. It has been reported that the railroad sold land east of Peotone, to early settlers, for $2.50 to $5.00 per acre.
Inflated prices for land are stopping the government from hitting its targets in building new social housing, according to a study. Since the 1960s, local authorities buying up land under ...
Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984. Other negative economic factors included high interest rates, high oil prices ( inflation ) and a strong dollar.
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