According to the U.S. Department of Agriculture’s (USDA) Land Values report, 2013 cropland values across the U.S. increased on average by 13% over 2012 values to equal $4,000 per acre. The Northern Plains and the Corn Belt saw the biggest increases at 25% and 16.1%. North Dakota cropland value increased by 45.1% to $1,910 per acre, and South Dakota cropland values jumped 30.2% to $3,020 per acre. Cropland values in Colorado, Kansas, Nebraska, Iowa, Minnesota, Illinois and Michigan all saw increases of at least 15%. New York, Alabama, South Carolina, Florida, Texas, and New Mexico all saw decreases in value with New Mexico experiencing a decrease of nearly 10%. Real Estate values which include all land and buildings on a farm increased 9.4% on average in 2013 to an average value of $2,900 per acre. The highest farm real estate values were in the Corn Belt with an average value of $6,400 per acre. Since 2009 farm real estate values in the Corn Belt have increased 76.8%
Read the full USDA Land Values report for 2013
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free bi-weekly enhanced eNews service