In the U.S. Department of Agriculture’s Land Values Survey, released in August 2011, U.S. farm real estate values averaged $2,350 per acre for 2011.  That’s up 6.8% from a year ago.  Farmers National Company in Overland Park, Kansas specializes in farmland buying and selling.  Spokesperson Paul Joerger says recent farm profits have played a role in the climb….


And farmland has proven to be a good investment because it’s seen as a tangible asset…


According to Joerger, the land sales vary throughout the midwest but most values remain exceptional…


However Joerger says southern ground, of equal quality, has not seen the same growth…


Regional changes in the average value of farm real estate ranged from a 15.9 percent increase in the Corn Belt region to a 2 percent decline in the Southeast region. The highest farm real estate average value remained in the Northeast at $4,690 per acre. The Mountain region had the lowest farm real estate value, $923 per acre.
In Missouri the average farm real estate value increased 7.7% from a year ago.

Chad Smith, KLGR Radio, contributed to this story.