Cropland sees double-digit price growth

Homes aren’t the only real estate enjoying price appreciation. U.S. farm real estate value — which measure the value of all land and buildings on farms, including grazing land — is up 9.4 percent from a year ago, to $2,900 per acre.

The average price for an acre of croplands — land used for or suitable for growing crops or hay —  was up 13 percent, to $4,000 per acre. Cropland prices shot up 25 percent in the Northern Plains region and 16.1 percent in the Corn Belt. The average price for an acre of cropland in North Dakota was up 41.5 percent from 2012. Source: USDA.