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Kansas Farm Real Estate Value Down 3 Percent
Kansas Ag Connection - 08/07/2020

Kansas's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2019, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2020 averaged $1,900 per acre, down $60 per acre (down 3%) from last year.

Cropland value decreased 4% from last year to $2,080 per acre. Dryland cropland value averaged $1,970 per acre, $80 lower than last year. Irrigated cropland value averaged $3,270 per acre, $50 below a year ago. Pastureland, at $1,370 per acre, was $20 lower than the previous year.

Cash rents paid to landlords in 2020 for cropland were mixed from last year. Irrigated cropland rent averaged $129 per acre, $1 above last year. Dryland cropland rent averaged $56 per acre, $1 lower than a year earlier. Pasture rented for cash averaged $19.50 per acre, $0.50 above the previous year.

County level averages of 2020 cash rents paid to landlords will be released on Aug. 28.

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