The value of all farmland and buildings rose 1.4% by the end of 2009, reports USDA. In the agency's annual report on land values and cash rents released today, USDA said the average price of an acre of farmland rose the greatest, 4.9%, in the Northern Plains region but had fallen 3.3% in the Southeast. The value of all cropland rose 1.1%, USDA reports. The Northern Plains rose 6.9% and the Delta posted a 6.1% increase. Meanwhile the value of cropland in the Southeast declined 5.3% during 2009 followed by a 5% decrease in the Mountain states.
Published on: 17:55PM Aug 04, 2010
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