The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
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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