Low
High
Illinois Agriculture Overview
Explore Illinois agriculture and learn what makes it unique.
Illinois ranks 6th in the nation for the sale of agricultural products and is a leading producer of field crops such as Corn and Soybeans. The midwest is known for great soil quality and growing conditions, and Illinois is certainly no exception. There are over 27 million acres of farmland in Illinois, of which, over 90% is considered “prime” farmland or land that has the best combination of physical and chemical characteristics for producing crops. In fact, Illinois ranks third in the nation for the number of active farming acres considered “prime” cropland. For this reason and many others, Illinois has remained in the top 5 states in terms of agricultural exports in the nation since 2000.
Hover over the chart to view values by county.
Data For Region Not Available
Production Value
illinois Farmland Rental Rates
Over the last 20 years, farmland rental rates per acre in illinois have risen from an average of $123 per acre in 2002 to $259 per acre in 2019. This represents an increase of $136 over this time period with an average implied capitalization rate of 3.2%.
$259
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
3.2%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
Farmland Rental Rates: Top 5 States
1. california
$320
2. arizona
$245
3. iowa
$209
4. washington
$197
5. illinois
$197
6. indiana
$169