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The Texas average lease rate for irrigated cropland was $112/acre, up $12 from 2021. The highest average reported lease rates were in Hartley County ($232/acre) and Sherman County ($202/acre). The lowest reported rates for irrigated cropland came from Caldwell County ($32.50/acre) and Chambers County ($50/acre).
Under the use-value assessment method of assessing Wisconsin agricultural land for property tax purposes, farmland is assessed based upon its agricultural productivity rather than its potential for development or fair market value.
Non-irrigated cropland rent averaged $145.00 per acre, $12.00 above last year. Irrigated cropland rent averaged $250.00 per acre, $13.00 above 2021. Pasture rented for cash averaged $36.00 per acre, $1.00 below the previous year.
Rounding out the top five for highest cash rents: Dane County, $205/acre; Brown County, $198/acre; and Walworth County, $197/acre. Of reporting counties, Douglas County in Northwest Wisconsin had the cheapest land rent rate of $20/acre, a decrease of $3.50 from 2022.
Wisconsin's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $6,200 per acre in 2023, ing to the USDA, National Agricultural Statistics Service ? Land Values 2023 Summary.
Land rental values Non-irrigated cropland rent averaged $151.00 per acre in Wisconsin during 2023, an increase of $6.00 from 2022 ing to the latest report released by USDA's National Agricultural Statistics Service.
Wisconsin defines agricultural land as ?land which is devoted primarily to agriculture use? as per Sec. Tax 18, Wis. Adm. Code.