Farmland values continue to hold steady despite an economic environment that has produced declining commodity prices over the past six years.
The average price of agricultural land sold in Wisconsin in 2017 was $4,025 per acre. Although this is a 3.5 percent increase from 2015, this value is relatively unchanged from 2016, according to a report from the University of Wisconsin’s Center for Dairy Profitability.
“There were 11 percent more acres sold in 2017 and 13 percent more reported transactions,” noted Arlin Brannstrom, faculty associate emeritus at the University of Wisconsin’s Center for Dairy Profitability. “Declining farm incomes helped to dampen demand. With low commodity prices expected and increased borrowing costs again in 2018, producer competition for land will likely soften again.”
Read more in Wisconsin Farmer.