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.
