Mike Pearson takes a look at the most recent farmland value survey released by the USDA and finds out how much land prices have increased.
The price of farmland has seen a 3-year climb. Farmers and investors have been busy buying up land as it has come up for sale. It’s been a fight between the two because investors see the land as a stable place to invest.
The USDA-NASS released the 2023 summary last week and it showed a 7 1/2 percent increased from 2022. The average land price for land alone was $4,080 an acre.
The report also showed that 44 out of the lower 48 states has seen an increase…
