2021 Land Value & Leasing Rates

DOWNLOAD FILE

Michigan State University (MSU) has collected information on land values since 1991
using a mail survey of appraisers, lenders and others involved in Michigan agriculture.
The goal of the MSU study is to provide information on the value of land based on
agricultural and nonagricultural use. The survey also collects information on land
leasing and rental rates. This report contains the results for the MSU land value survey
conducted in the summer and fall of 2021. Results reveal that average land prices and
rental rates for many categories of agricultural land have increased from 2019. We
compare the results of the survey to a large database of observed transactions of
agricultural land and generally find similar values between survey responses and
observed transactions.

DOWNLOAD FILE

You Might Also Be Interested In

Accessibility Questions:

For questions about accessibility and/or if you need additional accommodations for a specific document, please send an email to ANR Communications & Marketing at anrcommunications@anr.msu.edu.

Tag List
  • land values,
  • telfarm
Michigan State University
  • Spartans Will.
  • © Michigan State University

MSU is an affirmative-action, equal-opportunity employer, committed to achieving excellence through a diverse workforce and inclusive culture that encourages all people to reach their full potential.

Michigan State University Extension programs and materials are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status or veteran status. Issued in furtherance of MSU Extension work, acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Quentin Tyler, Director, MSU Extension, East Lansing, MI 48824. This information is for educational purposes only. Reference to commercial products or trade names does not imply endorsement by MSU Extension or bias against those not mentioned.

The 4-H Name and Emblem have special protections from Congress, protected by code 18 USC 707.

We comply with the Federal Trade Commission 1998 Children’s Online Privacy Protection Act (COPPA).