We maintain current land prices and rental pricing data on Michigan land in order to better serve farmers and ranchers looking to buy or rent land in Michigan with landowners who who have land in Michigan that's available for sale or lease.
Michigan cropland average acreage value data is available in the accompanying table and chart. All prices are per acre.
Average values differ from irrigated cropland and non-irrigated cropland values.
Key Findings:Crop acreage in Michigan decreased in value by 1.1% from $4,550/acre in 2015 to $4,500/acre in 2016.
The value of Michigan cropland increased by 230.9% from $1,360/acre in 1997 to $4,500/acre in 2016.
Year | Michigan | United States |
---|---|---|
2016 | $4,500 | $4,090 |
2015 | $4,550 | $4,130 |
2014 | $4,500 | $4,100 |
2013 | $4,120 | $3,810 |
2012 | $3,660 | $3,350 |
Michigan irrigated cropland average acreage value data is available in the accompanying table and chart. All prices are per acre.
There is insufficient data on irrigated cropland for Michigan to display at this time. Averages for irrigated cropland across the entire United States is displayed.
Year | Irrigated | Non-Irrigated | Irrigated (All States) |
---|---|---|---|
2016 | N/A | N/A | $4,335 |
2015 | N/A | N/A | $4,398 |
2014 | N/A | N/A | $4,288 |
2013 | N/A | N/A | $3,956 |
2012 | N/A | N/A | $3,765 |
Michigan pasture acreage value data is available in the accompanying table and chart. All prices are per acre.
Key Findings:Pasture acreage in Michigan decreased in value by 3.0% from $2,680/acre in 2015 to $2,600/acre in 2016.
The value of Michigan pastureland increased by 225.0% from $800/acre in 1997 to $2,600/acre in 2016.
Year | Michigan | United States |
---|---|---|
2016 | $2,600 | $1,330 |
2015 | $2,680 | $1,330 |
2014 | $2,500 | $1,300 |
2013 | $2,420 | $1,170 |
2012 | $2,290 | $1,110 |
Information on rental prices for Michigan acreage, cropland (irrigated and non-irrigated), and pasture land is available here.
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