Agricultural Resources: Agricultural Land Values. Situation and Outlook Summary, April 1992.

摘要

The per acre value of U.S. farm real estate gained 1 percent during 1991, the fifth consecutive increase since its downward slide ended in 1987. On January 1, 1992, the value of farmland and buildings averaged $685 per acre, 14 percent above the 1987 low of $599, but 17 percent below the record $823 in 1982. Value increases recently leveled off, averaging only 1 to 2 percent annually during 1990 to 1992. However, regional and State value changes showed more variation. With inflation averaging 3.6 percent in 1991, the inflation-adjusted per acre value of U.S. farm real estate fell 3 percent below January 1991. Real values have trended lower since 1981, and are currently 49 percent below the 1981 peak.