Cropland cash rent paid to Wisconsin landlords in 2022 averaged $149.00 per acre according to the USDA, National Agricultural Statistics Service. Non-irrigated cropland rent averaged $145.00 per acre, $12.00 above last year. Irrigated cropland rent averaged $250.00 per acre, $13.00 above 2021. Pasture rented for cash averaged $36.00 per acre, $1.00 below the previous year.
Wisconsin’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $5,700 per acre in 2022, according to the USDA, National Agricultural Statistics Service – Land Values 2022 Summary. This was up 10 percent, $510 per acre higher than last year’s value.
Cropland, at $6,000 per acre, was $720 higher than last year. Pasture, at $2,900 per acre, was $380 above last year.