Illinois farmland covers 27 million acres — about 75 percent of the state’s total land area.
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How much of Illinois economy is agriculture?
In 2019, Illinois generated around $16.3 billion in agricultural cash receipts with the highest valued commodities being corn, soybeans, and hogs. That same year, the value of Illinois’s agricultural production and processing industries represented 2.6 percent of total state GDP.
What is the main industry in Illinois?
Corn and soybeans are important agricultural products. Service industries of note are financial trading, higher education, logistics, and medicine.
Economy of Illinois.
| Statistics | |
|---|---|
| Population below poverty line | 11.5% |
| Gini coefficient | 0.469 |
| Labor force | 6,577,567 (June 2019) |
| Unemployment | 3.4% (Feb. 2020) |
What percentage of land is farmland?
More than one quarter of California’s landmass is used for agriculture. Just over half of the 27.6 million acres of agricultural land is pasture and range and about 40 percent is cropland.
Who owns the most property in Illinois?
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According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. The Gates family currently owns 17,940 of those acres in Illinois, which is 7.4 percent of the family’s total landholdings.
How much is farmland per acre in Illinois?
Good productivity farmland sales per acre averaged $8,296 acre weighted, average productivity $6,997, fair $4,860, and recreational tracts averaged $3,445 per acre. Farmland values and turnover was virtually unchanged from the previous year.
Who owns the most farmland in Illinois?
founder Bill Gates
The LandReport, a magazine that provides news and insight on America’s landowners, recently estimated that Microsoft founder Bill Gates is the largest farmland owner in the U.S., owning about 242,000 acres. Gates owns 17,940 acres in Illinois, the report also states.
What is Illinois agriculture?
Illinois is a leading producer of soybeans, corn and swine. The state’s climate and varied soil types enable farmers to grow and raise many other agricultural commodities, including cattle, wheat, oats, sorghum, hay, sheep, poultry, fruits and vegetables.
What is Illinois main export?
The state’s largest manufacturing export category is machinery, except electrical, which accounted for $11.8 billion of Illinois’s total goods exports in 2018.
Who is the largest employer in Illinois?
Detailed List Of The 100 Biggest Companies In Illinois
| Rank | Company | Employees |
|---|---|---|
| 1 | Walgreens | 253,400 |
| 2 | McDonald’s | 210,000 |
| 3 | Boeing | 153,027 |
| 4 | Caterpillar | 101,500 |
What percent of the United States is farmland?
Agricultural land (% of land area) in United States was reported at 44.36 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Who really owns American farmland?
People own most farmland. Some 2.6 million owners are individuals or families, and they own more than two thirds of all farm acreage. Fewer than 32,500 non family held corpor ations own farmland, and they own less than 5 percent of all U.S. farmland. Farmland owners hold an aver age of about 280 acres each.
Who owns most farmland in the US?
Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report. The outlet reported this week that Gates, 65, owns 268,984 acres of land combined across 19 states.
Who is the biggest farmer in Illinois?
Subsidy Recipients 1 to 20 of 303,873
| Rank | Recipient (* ownership information available) | Total USDA Subsidies 1995-2020 |
|---|---|---|
| 1 | Pat Scates & Sons * | $10,633,294 |
| 2 | Harbach Family Partnership * | $7,995,679 |
| 3 | Rubenacker Farms * | $7,665,111 |
| 4 | Sam Beetz & Sons * | $7,656,880 |
Does Bill Gates own any land in Illinois?
Gates’ land holdings by state. He owns 17,940 acres in Illinois; 9,136 acres in Indiana; 14,828 acres in Florida; 69,071 acres in Louisiana; 25,750 acres in Arizona; 16,097 acres in Washington State; and one acre in New Mexico.
Who owns land in Illinois?
The federal government
Federal land is managed for many purposes, such as the conservation and development of natural resources, grazing and recreation. The federal government owns 1.14 percent of Illinois’s total land, 406,734 acres out of 35,795,200 total acres. Illinois ranked 38th in the nation in federal land ownership.
How much does an acre of land cost in Illinois 2020?
Excellent land averaged $10,313 per acre across all regions of Illinois in the Illinois Society of Professional Farm Managers and Rural Appraisers half-year update of land prices.
How much does an acre of land cost in Illinois 2021?
$10,500 per acre: Statewide average unchanged for excellent quality farmland.
Where is the cheapest farm land?
12 best farmland bargains
- West-Central Texas. $600/acre. Annual land payment: $50/acre.
- Central Wisconsin. $5,000/acre.
- South-Central Florida. $10,000/acre.
- Northern Missouri. $1,400/acre.
- Eastern Ohio. $5,000/acre.
- Southwest Iowa. $4,000/acre.
- Southeastern Wyoming. $4,000/acre (irrigation in place)
- Eastern North Dakota. $5,000/acre.
Does Bill Gates own half of America’s farmland?
An NBC News analysis also identified Gates as the largest farmland owner in the US. Almost 300,000 acres is a lot of land for one family or private individual to own, but it’s still just a small part of the estimated 911 million acres of farmland in the US.
What does Bill Gates grow on his farm land?
Bill Gates talks about his call to action to save the planet
Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans.
