Local county land sale trends from 2010 to 2012
2010 2011 2012 2010-2011 2011-2012 2010-2012
Acres sold $/acre Acres sold $/acre Acres sold $/acre
Dane 5,064 $5,538 2,302 $6,415 1,945 $5,441 16% -15% -1.75%
Green 1,913 $3,744 2,015 $4,413 2,152 $4,225 18% -4% 12.85%
Iowa 2,209 $2,987 1,767 $3,584 2,436 $4,399 20% 23% 47.27%
Lafayette 3,011 $4,049 2,672 $3,799 3,167 $5,245 -6% 38% 29.54%
Rock 3,761 $4,038 2,723 $6,097 871 $4,544 51% -25% 12.53%
- Courtesy of UW-Extension
MONROE - Agricultural land prices for south central Wisconsin counties fell well outside the 2012 state average annual increase of 11 percent.
In 2012, agricultural land sale prices compared to 2011 dropped by 4 percent in Green County and rose by 38 percent in Lafayette County.
On average, land sold at about $4,200 per acre in Green County and $5,250 in Lafayette County in 2012, compared to $4,400 and $3,800 respectively in 2011.
Last year, Dane County saw a 15 percent drop in prices, and Rock County saw a 15 percent drop, while Iowa saw a 23 percent increase.
The Milwaukee Journal Sentinel reported some farmland in Wisconsin selling for more than $10,000 an acre.
The Federal Reserve Bank of Chicago reported in February farmland prices increased last year in Wisconsin by 11 percent, while Illinois rose by 18 percent, Iowa by 20 percent and Indiana by 10 percent. These price increases did not break 2011 increases: Ill., 21 percent; Ind., 27 percent; Iowa, 28 percent; Wis., 18 percent.
In the five-state region, prices rose by 16 percent in 2012. The Federal Reserve Bank said that's the third-largest one-year increase since 1978, and it follows a 22-percent increase in 2011 - the largest seen in 35 years.
But the swing in the five-state average is not a reflection of Wisconsin land prices in the past decade.
Wisconsin, overall, saw an 18 percent rise in 2011 and 2004; and a 16 percent increase in 2005 and 2008 and a 14 percent increase in 2007.
Dane, Green and Iowa counties were more in line with the state average prices in 2011, with 16 percent, 18 percent and 20 percent increases respectively. But in the same year, Lafayette County saw land prices drop by 6 percent, and Rock County saw them rise by 51 percent.
In 2012, agricultural land sale prices compared to 2011 dropped by 4 percent in Green County and rose by 38 percent in Lafayette County.
On average, land sold at about $4,200 per acre in Green County and $5,250 in Lafayette County in 2012, compared to $4,400 and $3,800 respectively in 2011.
Last year, Dane County saw a 15 percent drop in prices, and Rock County saw a 15 percent drop, while Iowa saw a 23 percent increase.
The Milwaukee Journal Sentinel reported some farmland in Wisconsin selling for more than $10,000 an acre.
The Federal Reserve Bank of Chicago reported in February farmland prices increased last year in Wisconsin by 11 percent, while Illinois rose by 18 percent, Iowa by 20 percent and Indiana by 10 percent. These price increases did not break 2011 increases: Ill., 21 percent; Ind., 27 percent; Iowa, 28 percent; Wis., 18 percent.
In the five-state region, prices rose by 16 percent in 2012. The Federal Reserve Bank said that's the third-largest one-year increase since 1978, and it follows a 22-percent increase in 2011 - the largest seen in 35 years.
But the swing in the five-state average is not a reflection of Wisconsin land prices in the past decade.
Wisconsin, overall, saw an 18 percent rise in 2011 and 2004; and a 16 percent increase in 2005 and 2008 and a 14 percent increase in 2007.
Dane, Green and Iowa counties were more in line with the state average prices in 2011, with 16 percent, 18 percent and 20 percent increases respectively. But in the same year, Lafayette County saw land prices drop by 6 percent, and Rock County saw them rise by 51 percent.