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  • Farmdoc_form_cl01_0912 - Ace Recommendation Platform - 4 - Farmdoc Illinois

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Illinois Cash Farm Lease To use this lease form: Complete two identical copies one for the Lessor (Landowner) and one for the Lessee (Tenant). Cross out any provisions that are not to become a part.

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To terminate an oral farm lease, you must provide written notice to your tenant farmer at least four (4) months prior to the end of the lease term. Additionally, your notice must provide specific information as outlined in 735 ILCS 5/9-206.

Average Price of Farmland in Illinois The current average per acre price for land in Illinois ing to these February sales is $10,576 /acre. The highest selling farm in Illinois in the month of February 2024 sold on February 8th in Lee County for $2,575,450 or $9,500 per acre for 271.1 acres, with a PI of 113.3.

Cash rents for all three land grades — top, average and poor — exceeded previous highs for cash rent in Indiana set in 2013, 2014 and 2021. Yet, percentage wise, cash rent for top-quality land was up only 1.99%, at $306 per acre. Cash rent for average land went up 2.09%, to $257 per acre.

ing to the report, last year buyers paid an average of $16,779 per acre for excellent land, up 5.5% from 2022. Good quality land averaged $12,911 (up 7%) followed by $9,198 for average land (up 13%), $7,000 for fair (up 14%) and $5,250 for recreational (up 7%).

0:34 3:15 We estimate a simple formula to calculate a typical cash rent level for a farm. This model can beMoreWe estimate a simple formula to calculate a typical cash rent level for a farm. This model can be used as a general guide for rental negotiations.

Average values for the most productive cropland in Illinois have risen nearly $6,000 an acre in two and a half years. Compeer Financial certified appraiser Ethan Koch says his benchmark for highly tillable top-quality ground was $15,400 in July of 2021. “And as of February 1st of 2024, that benchmark is at $21,300.

The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2023 at $259 per acre, up by $16 per acre from the 2022 level of $243 per acre (see Figure 1).

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232