Wisconsin farmland values increase 11% - WXOW News 19 La Crosse, WI – News, Weather and Sports |

Wisconsin farmland values increase 11%

MILWAUKEE (AP) - The value of farmland in Wisconsin keeps increasing as farmers benefiting from high corn and soybean prices invest in land.

A recent report from the Federal Reserve Bank of Chicago says farmland prices increased by 16% in 2012 in a five-state region that includes Wisconsin.

The report says that's the third-largest 1-year increase since the late 1970s, and it follows a 22% increase in 2011. That 22% gain was the largest seen in 35 years.

The Milwaukee Journal Sentinel reports that some farmland in Wisconsin is selling for more than $10,000 an acre.

Overall, the state's farmland values increased by 11% last year. Gains were greater in Iowa and Illinois, where farmers are growing corn and soybeans for the commodity markets, rather than their own livestock feed.

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