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.
According to a U.S. Department of Agriculture survey, 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.
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com