Farm Real-Estate Values Post Rare Decline

Farm Real-Estate Values Post Rare Decline

LAUREN ETTER

Farm real-estate values fell for the first time in more than 20 years, according to government statistics released Tuesday.

The U.S. Agriculture Department said in its annual report that the value of all land and buildings on U.S. farms averaged $2,100 an acre Jan. 1, down 3.2% from last year. The decline in farm real-estate values was the first since 1987, the agency said.

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