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Kansas Farm Real Estate Value Up 6 Percent from 2018
Kansas Ag Connection - 08/08/2019

Kansas's farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2018, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2019 averaged $1,960 per acre, up $110 per acre (6 percent) from last year.

Cropland value increased 5 percent from last year to $2,160 per acre. Dryland cropland value averaged $2,050 per acre, $90 higher than last year. Irrigated cropland value averaged $3,320 per acre, $340 above a year ago. Pastureland, at $1,390 per acre, was $70 higher than the previous year.

Cash rents paid to landlords in 2019 for cropland decreased from last year. Irrigated cropland rent averaged $128 per acre, $3 below last year. Dryland cropland rent averaged $57 per acre, $1 lower than a year earlier. Pasture rented for cash averaged $19 per acre, $0.50 below the previous year.

County level averages of 2019 cash rents paid to landlords will be released on Sept. 10.

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