US Farmland values sliding in most states

Until two years ago, United States farmland values had been on the rise since 1953 at an average yearly increase of about 13 percent. But, according to recent Agriculture Department figures, only 11 states posted land-value gains in 1982; Texas, California, Virginia, North Carolina, Florida, and six New England states.

Up until April 1983, the worst decline in land values -- due to high interest rates and low farm income -- was felt in the Corn Belt. Here, Indiana, Iowa, and Missouri showed decreases of about 13 percent.

Big losers, the department's Economic Research Service says, are farmers who purchased land in 1981-82 at high interest rates. The average acre of US farmland is now valued at $744, compared with $789 last year and $795 in 1981.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK