It’s not just food, fuel and fertilizer prices that have gone up — farm real estate value is up 10 percent from last year.
Cropland cash rent paid to Wisconsin landlords in 2022 averaged $149 per acre according to the National Agricultural Statistics Service’s latest land values report. Non-irrigated cropland rent averaged $145 per acre, $12 above last year. Irrigated cropland rent averaged $250 per acre, $13 above 2021. Pasture rented for cash averaged $36 per acre, $1 below the previous year.
Wisconsin’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $5,700 per acre in 2022. This was up 10 percent, $510 per acre higher than last year’s value. Cropland, at $6,000 per acre, was $720 higher than last year. Pasture, at $2,900 per acre, was $380 above last year.