If you thought the housing market was a challenge – take a look at what’s been happening with Wisconsin farm land!
Wisconsin’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $5,190 per acre in 2021, according to the USDA, National Agricultural Statistics Service – Land Values 2021 Summary. This was up $340 per acre, 7% above last year’s level.
Cropland value, at $5,280 per acre, was up $510 from a year ago. Pasture, at $2,520 per acre, was up $270 from last year.
Cropland cash rent paid to Wisconsin landlords in 2021 averaged $138.00 per acre according to the USDA, National Agricultural Statistics Service.
Non-irrigated cropland rent averaged $133.00 per acre, down $5.00 from last year. Irrigated cropland rent averaged $237.00 per acre, down $8.00 from 2020.
Pasture rented for cash averaged $37.00 per acre, up $2.00 from the previous year.