Changing Farmland Values Affect Renters and Landowners Differently

Farm real estate (including land and the structures on the land) accounts for over 80 percent of farm sector assets. Farmland values have appreciated substantially since 2000, more than doubling from $1,483 per acre in 2000 to $3,060 per acre in 2015. Cropland appreciated faster than pastureland, while farmland in the Midwest appreciated faster than other areas of the country.