News and Information
Greenville, IL - Field Level Agriculture, Inc., a leading provider of professional farmland appraisals, brokerage, and management services throughout Central Illinois, is proud to announce and welcome Nick Suess as Vice President servicing our new Greenville location.
Read MoreField Level Agriculture, Inc., a leading provider of professional farmland appraisals, brokerage, and management services throughout Central Illinois, has acquired Heartland Ag Group of Springfield from Ernest Moody as he begins his transition to retirement. Heartland Ag Group of Springfield also specialized in professional farmland appraisals, brokerage, and management services making this a perfect opportunity for expansion.
Read MoreA 30-acre farm in Coles County, Illinois once owned by Abraham Lincoln recently sold at auction. The big question going into the sale was whether or not there would be a premium paid for that connection. Local farm appraisers and brokers had mixed thoughts going into the sale varying from no premium or possibly a slightly premium due to the increased interest.
The farm was well marketed and had several articles in local newspapers about the Lincoln connection leading up to the sale. The sale date of February 12, the 16th U.S. President’s birthday no less, was a nice touch. But did it matter to the buyers in the market?
Read MoreWith 27 wind projects of over 50 megawatts currently online, Illinois is a leader in wind energy in the United States. Only five states produce more wind energy than the 4,026 megawatts produced annually in Illinois. Wind energy, and its effect on Illinois farmland value is important.
Read MoreHighest and best use is an appraisal term defined as the reasonably probable and legal use of land that is physically possible, appropriately supported, financially feasible and results in the highest value. For most Midwest farmland the highest and best use is simple: the production of agricultural products, mainly corn and soybeans. But what about the more marginal land such as floodplain land, poor soils and/or timber and pasture? The answer is not as easy.
Read MoreThere are plenty of benefits to adding drainage tile to farmland. Better yields, more timely field work, and higher land values are the most well-known benefits. It is easy to prove higher yields using yield maps and scale tickets and more timely field work should be noticeable to the farm operator. However, proving the increase in value can be more difficult.
Read MoreFarmland appraisals are often misunderstood. From the legal requirements to the different valuation processes, there are many factors that go into every appraisal. A lack of understanding can result in confusion as to when an appraisal is required. Here are five things to know for understanding farmland appraisals.
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