Total Value of All Land and Building on Farms in Wisconsin Rose this Past Year
Wednesday, August 7th, 2019 -- 8:43 AM
(Wisconsin Ag Connection) -Despite the tough agricultural economy, the total value of all land and buildings on farms in Wisconsin rose during the past year to an all-time high of $70 billion, a one percent increase from 2017.According to the USDA, the average acre of cropland rose to $4,850, up 2.3 percent; with pasture values also rising by more than two percent to $2,310 per acre. Overall, farm real estate, including land and buildings, increased one percent to $4,950. Wisconsin was just under Michigan's $4,960 per acre, but more than Minnesota's value of $4,840. As of January 1, Wisconsin had a cropland rental rate of $142 per acre.
Non irrigated cropland rent averaged $137.00 per acre, while irrigated fields went for $237.00. On average, pastureland in Wisconsin rented for $40.00 per acre. U.S. farm real estate value averaged $3,160 per acre for 2018, up just shy of two percent from 2017 levels.
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