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August 6, 2009 USDA: Value of farm real estate in Wis. dips

From The Associated Press

MADISON — The value of farm real estate in Wisconsin dipped 3 percent
since last year, but it remains well above the national average.

The U.S. Department of Agriculture says an acre of agricultural
property averages $3,750 in Wisconsin. That ties with Michigan for
18th highest in the nation. Minnesota’s value was about $2,900.

Values in all three states are well above the national average of
$2,100 per acre.
Farm real estate includes land and buildings.

Meanwhile, cropland values in Wisconsin averaged $3,650 per acre.
That’s an increase of more than 1 percent from the previous year.