How Much Is An Acre Of Land Worth In Kentucky?

How Much Is An Acre Of Land Worth In Kentucky
The United States Department of Agriculture (USDA) published a PDF version of the 2020 Land Values Summary on Thursday, August 6th. This yearly report provides information on the typical worth of all land and structures on farms in the United States, broken down by state and area.

Farm real estate value, cropland value, and pasture value are the three components that are evaluated and compared. At the national level, each of these three categories remained the same as they were in 2019, with an average real estate value of $3,160/acre. The average value of an acre of cropland was $4,100, and the value of an acre of pasture was $1,400.

The state of Kentucky had an increase in the average value of all three categories from 2018 to 2019. The value of real estate in Kentucky rose by 2.6% from the previous year, reaching an average of $3,920 per acre. The value of farmland in Kentucky averaged $4,400 per acre, a rise of 2.3% from 2019, while the value of pastureland was $3,060 per acre, an increase of 0.7%.

  1. In spite of low commodity prices, the value of farmland continues to demonstrate remarkable resiliency.
  2. This is significant from a monetary perspective due to the fact that land and buildings make up 83% of the asset side of the national agricultural balance sheet.
  3. The decline in land values that occurred in the 1980s would have a negative impact on the financial stability of farms.

It is important to keep in mind that the figures that are shown in this report are “averages” and that they should be understood as such. The productivity of the land, the amount of development pressure on the property, the amount of demand from local residents, and a variety of other characteristics are all variables that influence local land values.

These averages are helpful for identifying larger trends, but in the end, the value of land is always determined by its “local” market. This link will take you to the most recent version of the Land Values Summary, which is published every August. Author(s) Steve Isaacs is an extension professor at the University of Kentucky.

His email address is [email protected]

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Is it a good time to buy land 2021?

Skip to content Reading Time: 6 minutes In 2022, one of the most effective methods for generating income is to make investments in real estate. The number of people looking to buy land as an investment has increased significantly over the course of the previous several years.

There was a 155% rise in the number of sales of rural land from the year 2020 to the year 2021. This expansion might be attributed to the reliability that comes with the purchase of a plot of land. The ability to avoid many of the problems that are often associated with other types of investing is one of the numerous advantages of purchasing property as an investment.

Take a look through this post if the idea of investing in land is foreign to you. You will learn about the exciting world of land investment as well as the many types of land that are now accessible. Find out which of these would be the best investment for you in 2022, and focus your efforts there.

What is the average price per acre in Kentucky?

The United States Department of Agriculture (USDA) published a PDF version of the 2020 Land Values Summary on Thursday, August 6th. This yearly report provides information on the typical worth of all land and structures on farms in the United States, broken down by state and area.

  1. Farm real estate value, cropland value, and pasture value are the three components that are evaluated and compared.
  2. At the national level, each of these three categories remained the same as they were in 2019, with an average real estate value of $3,160/acre.
  3. The average value of an acre of cropland was $4,100, and the value of an acre of pasture was $1,400.
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The state of Kentucky had an increase in the average value of all three categories from 2018 to 2019. The value of real estate in Kentucky rose by 2.6% from the previous year, reaching an average of $3,920 per acre. The value of farmland in Kentucky averaged $4,400 per acre, a rise of 2.3% from 2019, while the value of pastureland was $3,060 per acre, an increase of 0.7%.

In spite of low commodity prices, the value of farmland continues to demonstrate remarkable resiliency. This is significant from a monetary perspective due to the fact that land and buildings make up 83% of the asset side of the national agricultural balance sheet. The decline in land values that occurred in the 1980s would have a negative impact on the financial stability of farms.

It is important to keep in mind that the figures that are shown in this report are “averages” and that they should be understood as such. The productivity of the land, the amount of development pressure on the property, the amount of demand from local residents, and a variety of other characteristics are all variables that influence local land values.

  • These averages are helpful for identifying larger trends, but in the end, the value of land is always determined by its “local” market.
  • This link will take you to the most recent version of the Land Values Summary, which is published every August.
  • Author(s) Steve Isaacs is an extension professor at the University of Kentucky.

His email address is [email protected]