The President of the Senate (who by the Constitution is also the Vice President of the United States) is Joseph Robinette BIDEN (D). The President pro tempore of the Senate is Daniel Ken INOUYE (D-HI). The Senate Majority Leader is Harry Mason REID (D-NV). The Senate Minority Leader is Addison Mitchell McCONNELL (R-KY).
Acre of farmland that a decade ago sold for an average of $2,275 now goes for $8,700. Some banks have responded by becoming more conservative in their loans as farmland values ascend. USDA has predicted more typical weather conditions in 2013 would generate a record corn and soybean harvest.
In 2014, the actual farmland value was $7,700 per acre while the capitalized value was $8,830 or $1,130 higher than the current value ($234 cash rent / .265 10-year rate). In other words, current cash rents and the 10-year CMT rate together suggest that Illinois farmland prices are not overvalued.