Kansas' farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2021, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2022 averaged $2,630 per acre, up $530 per acre (up 25 percent) from last year.
Cropland value increased 24 percent from last year to $2,950 per acre. Dryland cropland value averaged $2,850 per acre, $600 higher than last year. Irrigated cropland value averaged $4,000 per acre, $300 above a year ago. Pastureland, at $1,850 per acre, was $350 higher than the previous year.
Cash rents paid to landlords in 2022 for cropland increased from last year. Irrigated cropland rent averaged $143.00 per acre, $4.00 above last year. Dryland cropland rent averaged $61.50 per acre, $3.50 higher than a year earlier. Pasture rented for cash averaged $21.00 per acre, $1.00 above the previous year.