Farmland price growth flat, but stable, survey says

 

04 9월, 19:52www.bizjournals.com

 

 

Farmland price appreciation across the Southeast and the Mid-South U.S. continued to even out during the second quarter of 2013.

 

 Despite the decline of crop commodity prices, farmers and investors expect cropland values to remain stable through the third quarter, according to the most recent Farmland Market Survey by Farmland Investor Letter.

 

 Non-irrigated cropland values rose at an estimated 6.3 percent year-over-year pace, down from 7 percent in the first quarter and pasture values were up 2.4 percent from a year ago, a statement said.

 

 Irrigated cash rents averaged $328 per acre in Florida and pasture rents averaged $24 per acre, according to the survey.

 

 The survey was conducted from June 15, 2013, through Aug. 14, 2013, and was based on 102 responses form appraisers, lenders, real estate brokers, property managers and landowners in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri and Tennessee.

 

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