The 2012 Land Values Report from the ISPFMRA is available! Here’s a peek at what we found.
Land prices and returns to farmland leases have continued their strong move up, uninterrupted now for a several year run, hitting new highs almost month by month. Just a year ago, a look back at 2010 indicated excellent to good farmland had hit $8,000 to $9,000 an acre. Last summer’s mid-year survey indicated land values had moved up 10 percent to 15 percent during just the first six months of 2011, with the best quality land surpassing $10,000/ac. at that time.
As of the end of 2011, the top end is higher yet, with the following results reported by area of the state and land quality…
Download the full report.