Kansas Farmland and Pastureland Values Decline

 

MANHATTAN, Kan. August 3, 2017 – Kansas’s farm real estate value, a measurement of the
value of all land and buildings on farms, decreased from 2016, according to USDA’s National
Agricultural Statistics Service. Farm real estate value for 2017 averaged $1,850 per acre, down
$30 per acre (2 percent) from last year.

Cropland value decreased 4 percent from last year to $1,970 per acre. Dryland cropland value
averaged $1,870 per acre, $70 lower than last year. Irrigated cropland value averaged $2,850
per acre, $150 below a year ago. Pastureland, at $1,280 per acre, was $10 lower than the
previous year.

Cash rents paid to landlords in 2017 for cropland were mixed from last year. Irrigated
cropland rent averaged $128 per acre, $1 below last year. Dryland cropland rent averaged $56
per acre, unchanged from a year earlier. Pasture rented for cash averaged $19 per acre,
unchanged from the previous year.

County level averages of 2017 cash rents paid to landlords will be released on September 8, 2017
and will be available through NASS Quick Stats located at http:/quickstats.nass.usda.gov/.