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May 5 , 2006
U.S. farm real estate values, including all land and buildings, averaged $1,510 per acre as of January 2005, up 11 percent from 2004.
This jump in value was the highest since an 11.1 percent increase from 1980 to 1981.
The American Society of Farm Managers and Rural Appraisers Inc. reported farmland values are increasing because of affordable interest rates, higher crop production per acre, marginal inflation, urban development and strong demand for non-agricultural land uses.
The biggest and smallest increases by region were at opposite sides of the country with a 13.2 percent increase occurring in the Northeast and an 8.9 percent increase occurring in the Pacific and Mountain regions.
