Mis­souri farm­land value rises by $340 an acre

Successful Farming - - FIRST CUT -

len­ders, ru­ral ap­prais­ers, and AG­farm­ers in Mis­souri say good farm­land is worth an av­er­age $5,217 an acre as of July, an in­crease of $340 or 7% from 2017, says the Univer­sity of Mis­souri. Ir­ri­gated farm­land was worth a bit more ($5,514 an acre), ac­cord­ing to the web-based sur­vey. It was the first time that ir­ri­gated crop­land was part of the sur­vey.

Re­spon­dents were sur­prised at the rise in farm­land val­ues. They ex­pect val­ues to de­cline marginally in the year ahead.

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