Your Precious Land
Mike Walsten has covered major business trends in agriculture for more than 40 years.
Value of U.S. Farm Real Estate Posts 11% Annual Gain
Aug 03, 2012
The value of all U.S, farm real estate (the value of all land and buildings on farms), rose 10.9% in 2012 from revised 2011 figures to $2,650 an acre, according to the U.S. Department of Agriculture. Its annual survey found farm real estate rose the greatest in the Northern Plains, up 26.7%, but fell 4.1% in the Southeast region. The highest farm real estate values were in the Corn Belt region at $5,560 per acre. The Mountain region had the lowest farm real estate value at $974 per acre.
U.S. cropland values increased by $450 an acre (14.5%) to $3,550 per acre. Cropland rose by 31.1% in the Northern Plains and 18.5% in the Corn Belt regions, USDA says. However, a decline of 3.8% was reported in the Southeast region.
The U.S. pasture value increased to $1,150 per acre, or 4.5% above 2011. The Southeast region had the largest percentage decrease in pasture value, 7%, while the Northern Plains had the highest percentage increase at 21.9%.
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