Utah agricultural real estate, including land and buildings on farms, is valued at $1,900 per acre, up 5.6 percent from last year but lower than the national average of $2,900 per acre, a 9.4 percent increase.
Croplands in Utah are valued at $2,820 per acre, an increase of 4.8 percent from last year. Irrigated cropland was valued at $5,200 per acre, up 4 percent from 2012 while non-irrigated cropland was valued at an average of $1,100 per acre, a rise of 6.8 percent from the year before, according to a report released Friday by the Utah Field Office of the National Agricultural Statistics Service.
Pasture land in Utah was valued at an average of $950 per acre, an increase of 3.3 percent from last year.
Regional changes in the average value of farm real estate ranged from a 23.1 percent increase in the Northern Plains region to no change in the Southeast region. The highest farm real estate values were in the Midwest’s Cornbelt region at $6,400 per acre. The Mountain West region had the lowest farm real estate value at $1,020 per acre.
Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.