How much does farmland sell for in Wisconsin?
The value of Wisconsin farmland has remained strong over the last five years, according to a new report from University of Wisconsin researchers. The study found the average price of Wisconsin farmland was $4,345 per acre in 2018.
How much is an acre of land worth in Wisconsin?
Wisconsin’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,950 per acre, according to the USDA, National Agricultural Statistics Service – Land Values 2019 Summary. This was up $50 per acre or 1 percent from last year’s level.
How much does farmland rent for in Wisconsin?
Non-irrigated cropland rent averaged $138.00 per acre in Wisconsin during 2020, an increase of $1.00 from 2019 according to the latest report released by USDA’s National Agricultural Statistics Service. Cash rent paid for pasture in Wisconsin averaged $35.00 per acre in 2020, a decrease of $5.00 from 2019.
How much does farmland cost per acre in Wisconsin?
The weighted average price of agricultural land sold in Wisconsin in 2018 was $4,345 per acre. This is an 8% increase from 2017. The number of acres sold in 2018 was lower than in 2017 by 11%. Low commodity prices and farm income, as well as higher interest rates dampened demand in 2018.
How much does farmland rent for per acre in Wisconsin?
How big are farms for sale in Wisconsin?
FARMFLIP has $119.11 million of farms for sale in Wisconsin with a median listing price of $350,000 or an average of $3,581 per acre. The total acreage of Wisconsin farms for sale is 33,260 acres with an average listing size of 167 acres.
How much does it cost to rent farmland in Wisconsin?
Farmland rental rates usually represent about 3% to 3.5% of the land market value. For example, land valued at $3,000/ac would usually rent for $90/ac. to $105/ac., and land valued at $7,500/ac. would usually rent for $225/ac. to $260/ac.
When was the last time agricultural land was sold in Wisconsin?
This report provides a statewide overview of agricultural land values across Wisconsin based on a statistical analysis of more than 8,000 actual sales from 2009-2019 and now includes the weighted average price of agricultural land sold in Wisconsin between January and October 2020.
How is agricultural land tax collected in Wisconsin?
The Wisconsin Department of Revenue (DOR) collects an alternative source of agricultural land sales data. A transfer return tax is collected when a property is sold, and a transfer return form is collected with the tax payment. Information from these transfer return forms is the source for this paper.
