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Agricultural Land.pdf

CD-08-06-1985.pdf

🔗 Source: downloads.usda.library.cornell.edu

📊 Size: 1.64 MB

📄 Pages: 28 pages

⬇️ Downloads: 82

Summary

Farmland values in the US declined 12% from April 1984 to April 1985, to their lowest level since 1979, with the largest declines in the Corn Belt, Lake States, and Northern Plains. The average value per acre was $679, with state averages ranging from $163 in New Mexico to $3,525 in New Jersey. Cash rents dropped in most states, but not as much as land values, and rent-to-value ratios increased. Farmers dominated the market, with most sellers being active or retired farmers, and credit was used in 82% of land sales. The outlook is for further declines in land values due to poor farm income prospects, high interest costs, and financial stress, although off-farm income and lower interest rates may help stabilize the market.

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Description

Farmland values in the US declined 12% from April 1984 to April 1985, to their lowest level since 1979, with the largest declines in the Corn Belt, Lake...

Technical Information

File Format: PDF
File Size: 1.64 MB
Pages: 28
Language: EN
Total Downloads: 82
Last Updated: 1 week ago

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This PDF document about Agricultural Land provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Agricultural Land.