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….

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

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

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

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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.