US Farmland Values Hit New Highs Despite Tumbling Grain Prices
- Average hits $4,170 per acre in fourth straight year of gains
- Increase comes even as net farm income expected to drop
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American farmland values keep going up, despite expectations that tumbling crop prices and elevated interest rates will pressure agriculture investments.
A price measurement of all land and buildings on US farms gained 5% from a year ago to an average of $4,170 per acre, the US Department of Agriculture said Friday in a report. While that’s the fourth straight year of gains, it’s also the smallest increase since 2021.