01/22/2018 10:57 AM
Today, Farm Credit Services of America (FCSAmerica), announced that farmland values in four of its key markets stabilized in 2017, a reflection of what it says is continued market demand for high-quality land.
The announcement mirrors what the USDA reported in its 2017 Land Values Summary. In that report, cropland prices across the country remained unchanged from the previous year at an average value of 4,090 per acre.
FCSAmerica reports that where prices “dropped at local or regional levels, sales generally involved lower quality land.”