Tuesday, August 27, 2013

Utah Farmland Values Up 5.6 Percent in 2013

Average farm real estate values, a measurement of the value of all land and buildings on farms, in Utah at $1,900 per acre was up 5.6 percent compared to 2012, according to the National Agricultural Statistics Service, Utah Field Office.

Cropland in Utah averaged a value of $2,820 per acre in 2013, an increase of 4.8 percent from 2012. Irrigated cropland in the State was valued at an average of $5,200 per acre, up 4 percent from 2012 while non-irrigated cropland was valued at an average of $1,100 per acre, a rise of 6.8 percent from the year before.

Utah pasture land in 2013 was valued at an average of $950 per acre, an increase of 3.3 percent from 2012. USDA

For a look at the more detailed report and comparisons with the rest of the nation, see here.