NEWS
Pasture Prices Up
Victoria G. Myers Progressive Farmer Senior Editor
Mon Oct 29, 2012 10:15 AM CDT

There's a new term land brokers are bandying about these days -- tillable pasture. It's behind some of the biggest increases ever seen in pasture prices, most notably in regions like the Northern Plains and the Corn Belt.

According to the USDA's latest land values report, pasture values in the Northern Plains, jumped 21.9% over the last year. In the Corn Belt, the increase averaged 8.6%. Within those regions some states were strong standouts, specifically South Dakota, which registered the biggest year-over-year increase at an average of 25.5%, taking per acre average pasture values to $590.

It's no coincidence that ...

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