cash buyers http://tristatesradio.com en Expert Says Farm Land Prices Should Remain Stable http://tristatesradio.com/post/expert-says-farm-land-prices-should-remain-stable <p>The sale of prime farm land in west-central Illinois usually brings more than $10,000 per acre.<br /><br />A consultant and former WIU faculty member said that trend is likely to continue.<br /><br />David Johnston said the prices for farm land are not a &ldquo;bubble.&rdquo; He said the prices are based on solid fundamentals.<br /><br />He said low interest rates are having a limited effect.<br /><br />Johnston said, &ldquo;The buyers in this market are primarily cash buyers. So interest rates are irrelevant to a totally cash buyer as far as borrowing funds whatsoever.&rdquo;<br /> Mon, 06 Feb 2012 21:21:10 +0000 James Lenz 9754 at http://tristatesradio.com Expert Says Farm Land Prices Should Remain Stable