Land and Buildings on Farms Increased in Wisconsin
Monday, August 8th, 2016 -- 8:02 AM
(Wisconsin Ag Connection) -The total value of all land and buildings on farms in Wisconsin rose during the past year to $67.6 billion, a six percent increase from 2015.According to the USDA, the average acre of cropland rose to $4,900, up four percent; with pasture values also rising by two percent to $2,300 per acre. Overall, farm real estate, including land and buildings, increased one percent to $4,750. Wisconsin was just under Michigan's $4,800 per acre, but more than Minnesota's value of $4,700.
As of January 1, Wisconsin had a cropland rental rate of $137 per acre. Non irrigated cropland rent averaged $131.00 per acre, up by $1.00 from a year earlier. Irrigated cropland rent went for $243.00, up $18.00 from 2015. And pasture rented for cash, which averaged $35.00 per acre, is also $1.00 more than the previous year. U.S. farm real estate value averaged $3,010 per acre for 2016, down just fractionally from 2015 levels.
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