Wisconsin Ag Land Prices - 2023 Report
Land prices are a hot topic among ag producers. The average price of agricultural land sold in Wisconsin between January 1 and December 31, 2023, was $5,890 per acre. This is a 6% increase from 2022. While the price of agricultural land is still increasing, the rate at which it is increasing seems to be slowing. Despite the difficult economic conditions and substantial losses in the number of dairy farms over the last few years, the land market has been supported by the ability of landowners to hold onto their property and limit the supply of land on the market. Most landowners, even those forced to exit the dairy industry, were not forced to sell their land. Most could continue cropping or renting the land. Thus limiting the supply of land on the market which helped support market values. In some areas, other factors, such as urban sprawl, have helped to maintain or even bring up land values.
