Updated May 13th, 2014
Updates:
April 29th is the final date for 2014 Crop Production to be reported.
There have not been any recent land sales in Northern Illinois and LaSalle County specifically to make a determination on current land values. Hopefully this will change in the near future.
Updated May 13th, 2014
Purchased by agricultural producers, including farmers and others to protect themselves against either the loss of the crops due to natural disasters such as hail, drought or floods, or the loss of revenue due to declines in the price of agricultural commodities.
There are two types of Multi-Peril Crop Insurance:
Crop hail insurance is available if the producer wishes not to take Multi-Peril Crop Insurance. Crop Hail Insurance does not protect the crops like Multi-Peril Crop Insurance does.
Defined as an opinion of value of a farm property as of a given date. The farm appraiser's job is to investigate the subject property as well as the comparable sale properties and the factors affecting value to arrive at the present fair market value as of a given date.