When Sherrick compiled land sales per county, only two metropolitan Chicago counties had less than 1% in sales per year. But in the counties that form a collar around Chicago, a minimum of 2.5% of the farmland changes ownership in a given year. There are also small groups of counties in the south-southeastern and south-southwestern parts of the sale with minimal sales. Nearly all of the rest of the state has recorded 1.5% to 2.5% of land sold annually.
About two percent of farmland transfers ownership in any given year, and while most of the sales have been scattered throughout the year in the past decade, the past two years have recorded distinct trends for sales to occur in the fourth quarter of the year.
Source: FarmGate blog