NBC15 WMTV | Madison, WI | News

Wisconsin farmland values slow

Posted Tuesday, September 17, 2013 --- 9:18 a.m.

MADISON, Wis. (AP) — The value of Wisconsin's agricultural land inched up just 1 percent in the last year, well behind farmland value increases in neighboring states.

A U.S. Department of Agriculture survey says the average value of Wisconsin farmland increased to $4,000 an acre. The 1 percent increase compares with a 20 percent jump in in Iowa to $8,400 an acre and a 16.4 percent increase in Illinois to $7,800 an acre.

The survey shows the biggest increase was in North Dakota where the average value of farm real estate jumped more than 36 percent to $1, 690 an acre.

The Journal Sentinel says the survey was conducted the first two weeks of June.

Copyright 2013 The Associated Press.


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