Land Prices Doubled per USDA – see Chart

Land as an Investment per USDA.  (we knew that). Compare this to the stock market.  You’ll want to read this -

Agricultural land prices have risen steadily for the last 20 years. The USDA recently posted 2008 land values.

Farm values in 2008 declined only in New Hampshire, Vermont, Connecticut, Rhode Island, Maryland and Delaware. The Southeastern states remain steady and increasing in value.

While USDA is projecting a decline in U.S. net farm income in 2009 from about $89 billion last year to perhaps $66 billion, the Department found “the projected decline in farm income in 2009 is not expected to have much effect on national agricultural land values.” (Economic Research Service, USDA, The 2008/2009 World Economic Crisis: What It Means for U.S. Agriculture, WRS-09-02, March, 2009)

Farm values are projected to slip by only two percent in 2009 in USDA’s model despite the projected $23 billion loss in agricultural income. Long-term expectations of returns drive farm real-estate values, and these are relatively stable and have trended up.

Farm values rose 12 percent annually for the five-year period, 2004-2008. USDA is projecting a five-year rise of five percent annually.

Call us to shcedule a site visit here in the Bluegrass.  Brad Simmons 859-319-5000 or 4000 http://www.KYLandSales.com

source: http://www.nass.usda.gov/Charts_and_Maps/Land_Values_and_Cash_Rents/index.asp

Call us to shcedule a site visit here in the Bluegrass.  Brad Simmons 859-319-5000 or 4000  http://www.KYLandSales.com

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