In recent years, farmers in the Midwest have transformed millions of acres of prairie grass to rows of corn. High crop prices are a big motivation, but some also believe crop insurance is encouraging farmers to roll the dice on less productive land.
The average value for farm real estate climbed 9.4 percent from 2012, according to the 2013 Land Value Summary released late last week by the U.S. Department of Agriculture.
The United States Department of Agriculture is set to release the 2013 report of agricultural land values on August 2, 2013. If trends continue as they have been for the past 10 years, then the value of agricultural land – especially in the Midwest region – will see a continuing increase.
