How much is farmland per acre in Illinois?
Good productivity farmland sales per acre averaged $8,296 acre weighted, average productivity $6,997, fair $4,860, and recreational tracts averaged $3,445 per acre. Farmland values and turnover was virtually unchanged from the previous year.
How much did an acre of land cost in 2010?
* As of August 2020. Value of land and buildings. Average includes 48 states (without Alaska and Hawaii)….Average value of U.S. farm real estate per acre from 1970 to 2021 (in U.S. dollars)
| Characteristic | Value per acre in U.S. dollars |
|---|---|
| 2013 | 2,730 |
| 2012 | 2,520 |
| 2011 | 2,300 |
| 2010 | 2,150 |
Is Farmland overvalued?
In short, the stock of Farmland Partners (NYSE:FPIpB, 30-year Financials) gives every indication of being significantly overvalued. The company’s financial condition is poor and its profitability is fair. Its growth ranks better than 69% of the companies in REITs industry.
How much does farmland rent for per acre?
At $139 per acre, the average rate to rent cropland in the United States in 2020 was $1 lower than in 2019. The average rate per acre for irrigated cropland was $216 (down from $220 in 2019) and non- irrigated cropland was $126 (down from $127 in 2019).
How much is an acre in Texas?
[Click here to download.] The average price per acre in Texas increased by 6.4% from last year to $2,972/acre. The publication divides the state into 7 regions, and then further divides each region into sub regions.
Is farmland a good investment 2019?
Farmland has historically been a good investment. Unfortunately, not many investors have been able to benefit from this asset class, given the high upfront costs of buying farmland.
What state has the best farm land?
State Rankings
| OVERALL RANK | State | Overall Score |
|---|---|---|
| 1 | Montana | 59.72 |
| 2 | Kansas | 58.78 |
| 3 | North Dakota | 57.35 |
| 4 | Texas | 57.32 |
How much farm land in Illinois?
Illinois farmland covers 27 million acres — about 75 percent of the state’s total land area. The large number of farms, coupled with the diversity of commodities produced, makes it difficult to describe a typical operation. However, statistics provide some indication about what it means to farm in Illinois.
How do you calculate the cost of land per acre?
Divide the value of the land by the size of the land in acres . The result is the value of the land per acre. (e.g. If the land is valued at $100,000 and it is 5 acres, then $100,000/5 acres = $20,000 per acre.)
How many acres of farmland in the state of Illinois?
According to the United States Department of Agriculture National Agricultural Statistics Service (USDA-NASS), as of April 2019, Illinois had 72,000 farms. Illinois farmland covers 27 million acres — about 75 percent of the state’s total land area.
How much does an acre of land cost?
How much an acre of land costs varies a lot by location, economic influences, and aesthetic appeal. According to the USDA, the average cost of farmland in the U.S. is $3,160 per acre, but that number quickly rises once you start looking at land in popular metro areas.