TOPEKA, Kan. (AP) - New numbers from a farm management company show the cost of high-quality land is falling in Kansas.
The Topeka Capital-Journal reports that an acre of high-quality, irrigated land sold for an average of $5,000 in June 2015 in Kansas, down from $6,000 in in June 2014. Data about the 17-percent drop comes from Farmers National Company, which manages and sells farms in 24 states. While many farms are sold by other companies, the data gives an idea of the market's direction.
The average selling price also fell in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, North Dakota, Ohio and South Dakota. The price was statistically unchanged in Arkansas, Mississippi, Oklahoma and Texas, and went up slightly in Missouri, Tennessee and Washington state.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Services set for Effingham woman killed in crash
Street lights to be discussed at Monday city meeting
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
Barricaded fugitive arrested in Jackson County
USD 430 Board accepts resignations, approves new hires
U.S. 36 work in Doniphan Co to impact motorists
Fatal Atchison apt fire investigation continues
Results from SE Nebraska contested Primary Elections
Truck fire at CGB facility in Falls City
Flags to fly half staff Wednesday across KS
BC's Pate remembered by students, college family
LATEST STORIES
Nemaha NRD Board appoints new Director
Johnson-Brock Board approves personnel changes
KS Omnibus Budget signed; funds mental health, economy, others
Pawnee City School to move forward with strategic planning
Falls City High School parking lot project approved
Annual fire hydrant flushing underway in Falls City
Memorial Day enforcement hits KS roads
Plastic ducks set to race in Atchison Saturday