Farmers who rent non-irrigated cropland in the Badger State are paying a little more out of pocket this year to farm other people's property. The Wisconsin Ag Statistics Service reports that the average cash rental rate for farmland is $145 per acre for 2022, up $12.00 from last year's figures.
Irrigated cropland rent is averaging $13.00 more this year at $250.00 per acre. And pastureland is renting for about $1.00 less per acre statewide at $36.00.
Meanwhile, Wisconsin's farm real estate value averaged $5,700 per acre in 2022--about $510 per acre, or 10 percent, higher than last year's value. Cropland is valued at $6,000 per acre, an increase of $720 over 2021, while Pastureland is selling for $2,900 per acre, up $380 above last year.
Categories: Wisconsin, General