The average value for U.S. pastureland rose 1.5% this year to $1,350 per acre, according to the U.S. Department of Agriculture (USDA) 2017 Land Values Summary reported in August. The new value reflects an increase of $20 per acre from 2016 and a record high since the USDA began keeping records. By comparison, the average acre of cropland is worth $4,090, a level unchanged from 2016 and the third highest on record.
November 17, 2020 07:51 PM
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