U.S. Farmland Values Rise to Record on Crop Values

(Corrects time reference in first and second paragraphs.)

U.S. farmland values rose to a record as crop and livestock prices surged and demand for exports gained.

The average value of all land and buildings on farms in the 48 continental states was $2,350 an acre, according to a June survey of farmers, the U.S. Department of Agriculture said today in an annual report. That’s up 6.8 percent from a revised $2,200 in 2010.

To contact the reporter on this story: Alan Bjerga in Washington at abjerga@bloomberg.net.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net.

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