Price Per Acre In Michigan 2024. The “usda farmland cash rental rates” document is a listing of cash rental rates by county dating from 2012 to the 2023 year. Despite increasing pressure from declining commodity markets, rising interest rates and inflation, the land.
Michigan farm real estate values, cash rents. Published on august 11, 2022.
Prepared By Purdue Faculty Members Michael R.
Agricultural land values rose when corn prices doubled and were pushing $8 a bushel (it’s now back around $3.50).
Arriving At Equitable Land Rental Rates Is Always An Ongoing Challenge For Farm Operators And Landlords Alike.
These are the december 2023 crop budget estimations for 2024;
This Figure Can Add Up To $366,780 If You Include Land Costs, Excavations, Permits, And Other Expenses.
Images References :
While The Farmland Market Has Been Robust In Recent Years, There Are Signs That Price Growth May Ease In 2024.
This figure can add up to $366,780 if you include land costs, excavations, permits, and other expenses.
Where Should Buyers Look For More Affordable Land?
Headed into 2024, farmers national company expects many landowners to take advantage of the current land value strength and sell into a market with a large pool.