US Cropland Values Up More Than +30% Since 2020
US cropland values for 2023 averaged $5,460 per acre, an increase of +$410 per acre, or +8.1%, from 2021, and +33% higher than the average of $4,100 in 2020. In fact, cropland values had been stuck at around $4,100 since 2014, before seeing the first significant gain (+7.8%) in 2021 and obviously making further gains …