Oct 1, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

U.S. Farm Real Estate Posts 9.1% Gain

Aug 02, 2013

Mike Walsten

The value of all farm real estate in the U.S. rose 9.4% on an annual basis through June, according to USDA's Land Values Report released today. According to the survey, the value of all land and buildings on farms averaged $2,900 an acre versus a revised $2,650 last year. Regional changes in the average value of farm real estate ranged from a 23.1% increase in the Northern Plains region to no change in the Southeast region. The highest farm real estate values were in the Corn Belt region at $6,400 per acre. The Mountain region had the lowest farm real estate value at $1,020 per acre.

The United States cropland value increased by $460 per acre, 13%, to $4,000 per acre. In the Northern Plains and Corn Belt regions, the average cropland value increased 25.0% and 16.1%, respectively, from the previous year. However, in the Southeast region, cropland values decreased by 2.8%.

U.S. pasture values increased 4.3% to an average of $1,200 an acre. The Southeast region had the largest percentage decrease in pasture value, 1.5%, while the Northern Plains had the highest increase at 18.4%.

If interested in seeing a copy of LandOwner, just drop me an email at landowner@profarmer.com or call 800-772-0023.

Log In or Sign Up to comment


No comments have been posted, be the first one to comment.

Hot Links & Cool Tools


facebook twitter youtube View More>>
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions