U.S. Farm Real Estate Value up 2.3 Percent from 2016

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,080 per acre for 2017, up $70 per acre (2.3 percent) from 2016 values. Regional changes in the average value of farm real estate ranged from a 8.7 percent increase in the Pacific region to 1.8 percent decrease in the Northern Plains region. The highest farm real estate values were in the Corn Belt region at $6,260 per acre. The Mountain region had the lowest farm real estate value at $1,130 per acre.


The United States cropland value remained unchanged at $4,090 per acre from the previous year. In the Southern Plains region, the average cropland value increased 6.0 percent from the previous year. However, in the Northern Plains region, cropland values decreased by 4.4 percent.

The United States pasture value increased by $20 per acre (1.5 percent) from 2016 values. The Delta region had the highest increase of 2.9 percent from 2016. The largest decrease, at 1.7 percent, was in the Corn Belt region.

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Kansas 2017 Farm Real Estate Value and Cash Rent Report

Kansas's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2016, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2017 averaged $1,850 per acre, down $30 per acre (2 percent) from last year.
Cropland value decreased 4 percent from last year to $1,970 per acre. Dryland cropland value averaged $1,870 per acre, $70 lower than last year. Irrigated cropland value averaged $2,850 per acre, $150 below a year ago. Pastureland, at $1,280 per acre, was $10 lower than the previous year.
Cash rents paid to landlords in 2017 for cropland were mixed from last year. Irrigated cropland rent averaged $128 per acre, $1 below last year. Dryland cropland rent averaged $56 per acre, unchanged from a year earlier. Pasture rented for cash averaged $19 per acre, unchanged from the previous year.
County level averages of 2017 cash rents paid to landlords will be released on September 8, 2017 and will be available through NASS Quick Stats located at http:/quickstats.nass.usda.gov/.

Nebraska 2017 Farm Real Estate Vale and Cash Rent

Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2016, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2017 averaged $2,900 per acre, down $50 per acre (2 percent) from last year.
Cropland value decreased 6 percent from last year to $4,550 per acre. Dryland cropland value averaged $3,550 per acre, $250 lower than last year. Irrigated cropland value averaged $6,180 per acre, $380 below a year ago. Pastureland, at $930 per acre, was $20 higher than the previous year.
Cash rents paid to landlords in 2017 for cropland were mixed from last year. Irrigated cropland rent averaged $238 per acre, $5 below last year. Dryland cropland rent averaged $149 per acre, $1 lower than a year earlier. Pasture rented for cash averaged $25 per acre, $1 above the previous year.

Photo: AgView.net

Story source: USDA releases

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