USDA’s latest annual look at farmland values point to another year-over-year rise, but what does this signal about land value strength? USDA Chief Economist Seth Meyer looks at year-over-year comparison on farmland values and cash rents with an eye on strength of such values in the context of additional economic factors.
Meyer said we are looking at an increase of about 5% from last year for farm real estate values now at an average of $4170 per acre.
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