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News Brief

Nov. 29, 2023Jefferson City, Mo. |  By: Jeremy Werner

Buyer interest increases for Missouri farm land

farmers

JEFFERSON CITY, Mo. - Missouri farmland witnessed increased buyer interest in 2023, as reported by the annual Missouri Farmland Values Opinion Survey conducted by the University of Missouri Extension.

Over 300 responses from lenders, farmers, appraisers, and land experts were collected in October 2023.

Results showed rising values for cropland, pasture, timber, and hunting/recreational land, with the latter experiencing a statewide value surge of 14%.

The average value of "good" nonirrigated cropland was reported at $8,631 per acre, marking a 4% increase from 2022.

Survey respondents predicted a continued increase in land prices in 2024, with the west region of Missouri expecting an 11% to 14% rise. For detailed results, visit muext.us/landvalues.