Liberal, KS

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Real estate values up 6% in Kansas

Steven Rains - August 7, 2019 1:34 pm

A government report shows farm real estate values went up 6% in Kansas from last year.

The National Agricultural Statistics Service reported Tuesday that the value of all land and buildings on Kansas farms averaged $1,960 per acre for 2019. That is $110 per acre higher than last year.

The report is a bright spot as Kansas farmers struggle with mounting debt, lower crop prices and trade challenges.

Cropland values in the state went up 5 percent from last year to $2,160 per acre. Dryland cropland averaged $2,050 per acre, about $90 higher than a year ago. Irrigated cropland averaged $3,320 per acre, up $340 an acre.

Pastureland averaged $1,390 per acre, up $70 higher than a year ago.

 

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