Report: Farmland real estate market strong, still adding value

A recent USDA report found farm real estate and cropland values have both climbed upward over the past year, averaging $4,080 per acre, which Farmland Partners says shows the farmland market is still strong and is adding value.

Despite increasing interest rates coupled with extreme weather, farmland values across the country remained strong.

The U.S. Dept. of Agriculture (USDA) found that real estate values for domestic farmland, which includes all land and buildings on farms, climbed 7.4 percent over the past year, averaging $4,080 per acre.

Crop land values also rose 8.1 percent since 2022, averaging $5,450 per acre.

Farmland Partners says these numbers show the farmland market is still strong and is adding value. To view the full report, CLICK HERE.

Related Stories
In today’s Firm to Farm blog post, RFD-TV ag law expert Roger McEowen briefly examines several of the issues that farmers and ranchers face.
Grain prices are still low, and industry concerns over decreased pork demand and steady real estate values might pressure the next generation to exit the ag industry.

LATEST STORIES BY THIS AUTHOR:

Cattle producers recently promoted U.S. beef on a trip to Japan and Korea with the U.S. Meat Export Federation.
After years of drought, farmers across U.S. farm country are getting so much rainfall that it’s dampening their spring planting progress later into the season.
According to USDA experts, Brazil and Argentina’s large drop in corn production has more to do with the economics of corn markets than impacts from weather.
According to the latest U.S. Drought Monitor, no part of Iowa is experiencing extreme levels of drought for the first time in nearly two years.