Mercer County Farmland Info
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There are 690 farming operations in Mercer County, Illinois. According to the USDA Census of Agriculture, Mercer County, Illinois had 251,455 acres of land in farms. The average size of a farm in Mercer County was 364 acres in 2024.
Average Mercer County Farmland Value
The average farmland value per acre in Mercer County, Illinois in Q4 2024 was $15,344. There are multiple factors that contribute to the volatility of farmland values. A partial list of factors include:
- Soil quality. The quality of a land’s soil is fundamental to its value, affecting everything from productivity to crop yield to sustainability.
- Commodity price fluctuations. Shifts in the prices of crops or livestock can add to or detract from a land’s value.
- Interest rates. High interest rates can reduce demand for land driving prices down, while lower interest rates can boost demand for land and drive prices up.
- Environmental factors. Climate driven events such as drought, flooding, and extreme weather can dramatically impact farm productivity and ultimately, a land’s value.
- Farmland income. Higher farmland income can lead to higher demand for land, driving prices up in the market.
- Local Factors. Neighbors can have a dramatic impact on farmland value
- Alternative Investment Opportunities. The appeal of farmland to non-farming investors fluctuates with global trends.
Mercer County Farmland Value History
Changes in Mercer County by year breakdown as follows:
| Year | Avg Market Value/Acre |
| 2024 | $11,177 /acre |
| 2023 | $10,724 /acre |
| 2022 | $9,312 /acre |
| 2021 | $7,628 /acre |
| 2020 | $8,155 /acre |