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LAND VALUES

KANSAS AGRICULTURAL STATISTICS
Kansas Department of Agriculture
PO Box 3534
Topeka, KS 66601-3534
Phone: 785-233-2230

Released: April 9, 1999

KANSAS AGRICULTURAL LAND VALUES, 1999

Kansas' average value of all farmland and buildings for 1999 is estimated to be $580, 1998 was $577, and 1997 value was $565. Since 1992, values for all farmland have shown annual increases but at a declining rate. Kansas' farmland values increased 0.5 percent between 1998 and 1999. The 0.5 percent increase in Kansas land value compares to a 1.8 percent nationwide increase estimated by the U.S. Department of Agriculture.

Table 1-- KANSAS FARMLAND VALUES AND RENTS, 1989-99 1/
Year Cropland Pasture
and
Rangeland 		All Farmland
and
Buildings
Value Per Acre Rent Per Acre
Irrigated Non- Irrigated All Crop Land Irrigated Non- Irrigated Value
Per Acre 		Rent
Per Acre 		Value
Per Acre 		Total
Value
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Mil. Dol.
1989 801 473 499 62.50 30.20 274 10.80 429 20,549
1990 833 501 527 61.50 33.10 278 11.50 450 21,555
1991 773 477 524 60.60 32.50 283 11.60 449 21,507
1992 792 513 535 62.70 31.90 292 12.00 460 21,988
1993 788 516 538 65.10 32.80 296 12.80 463 22,085
1994 873 549 597 69.20 32.60 341 12.20 503 23,943
1995 920 595 623 2/ 35.50 343 11.70 535 25,466
1996 966 607 638 66.30 32.70 361 11.90 553 26,268
1997 990 615 649 69.00 34.50 365 11.60 565 26,838
1998 1,010 620 655 67.00 35.50 367 13.00 577 27,408
1999 1,020 623 659 3/ 3/ 370 3/ 580 4/
1/ Values per acre are for land and buildings. Rental rates are for land only. 2/ Insufficient data to publish.
3/ Cash rents for 1999 not yet established. 4/ Total land in farms not yet available.

THE LAND VALUES SURVEY--BACKGROUND

The Agricultural Land Values Survey was conducted during June 1998. The questionnaire asked respondents to provide information on the value of the land they operate and the rental rates for any land the rented. Additional land values and rents data was collected in the June and December Agricultural Surveys.

The Census provides the official base for estimates of all farmland values. However, the Census takes place once every five years and covers agricultural land on an overall basis only. The Land Values Survey and Agricultural Surveys provide data to make annual estimates of both market values and rental rates for different categories of farmland. All data in this report between 1994 and 1998 has been revised based on the 1997 Census of Agriculture.


The average values in this report encompass a wide range of soil types and pastures. These data are more appropriate for studying overall trends and should not be used to establish rental rates or market values.

FARMLAND VALUES -- U.S. AND KANSAS

The January 1, 1999 U.S. farm real estate value, including land and buildings, averaged $992 per acre up 1.8 percent from 1998. The average U.S. farm real estate value rose $18 per acre from $974 in 1998, the smallest increase since 1992. The 1999 increase continued the climb in farm real estate values that began in 1987.

In Kansas, 1999 marks the eighth straight annual increase in all farmland value. The all farmland value estimated for Kansas in 1999 is $580, up 0.5 per-cent from 1998. This is the smallest increase in value since 1991 when value actually declined. The 1999 value still falls short for the record set in 1982 of $628 per acre. Figure 1, below shows the comparison of the Kansas value versus the U.S. value. The trends tend to follow the same course.

AVERAGE VALUES PER ACRE, ALL FARMLAND AND BUILDINGS

U.S. AND KANSAS, 1989 - 1999

Table 2
Year Kansas U.S.
1989 429 668
1990 450 683
1991 449 703
1992 460 713
1993 463 736
1994 503 798
1995 535 844
1996 553 887
1997 565 926
1998 577 974
1999 580 992

For more information on land values at the national and regional level, contact Kansas Agricultural Statistics or check the world wide web at http://www.nass.usda.gov/ks/ for regional data or at www.usda.gov/nass/pubs/rpts904.htm for national data.

DISTRICT LEVEL AGRICULTURAL LAND VALUES

Kansas district level values for all farmland experienced a mixture of increases and decreases. From 1998 to 1999, two districts report moderate increases, three show a slight increase, one shows no change, and three show slight decreases. The percentage changes range from a 4.1 percent increase in the northwest district to a 1.3 percent decrease in east central district (see figure 2).

The table on the following page shows the average rental rates for farmland in Kansas for 1997 and 1998. Rental rates for 1999 have yet to be established.

Table 3-- AVERAGE VALUES PER ACRE OF FARMLAND AND BUILDINGS

KANSAS AGRICULTURAL STATISTICS DISTRICTS, 1997, 1998, AND 1999 1/
Dist. All
Cropland 		Non-Irrigated
Cropland 		Irrigated
Cropland 		Pasture All
Farmland
1997 1998 1999 1997 1998 1999 1997 1998 1999 1997 1998 1999 1997 1998 1999
NW 595 585 585 530 525 520 1,140 1,090 1,110 225 230 225 500 490 510
WC 465 460 465 440 435 440 775 820 825 240 230 230 410 410 415
SW 560 560 560 430 420 420 900 930 935 210 215 220 480 490 490
NC 620 625 635 590 600 610 1,360 1,340 1,350 340 340 350 540 550 560
C 595 605 620 580 590 600 1,050 1,140 1,190 370 375 385 540 560 570
SC 680 695 700 630 645 650 1,110 1,130 1,140 310 320 315 570 590 610
NE 905 915 930 900 910 925 1,380 1,400 1,430 575 575 590 810 830 825
EC 965 940 945 960 935 940 1,280 1,300 1,350 575 575 570 790 800 790
SE 700 735 725 700 735 725 1,080 1,100 1,130 450 445 450 575 590 585
KS 649 655 659 615 620 623 990 1,010 1,020 365 367 370 565 577 580
1/    All values are for land and buildings.

Figure 2-- PERCENTAGE CHANGE IN FARMLAND VALUE, 1998 TO 1999

Kansas Agricultural Statistics Districts
Northwest
4.1% 		North Central
1.8% 		Northeast
-0.6% 1/
West Central
1.2% 		Central
1.8% 		East Central
-1.3% 1/
Southwest
0.0% 		South Central
3.4% 1/ 		Southeast
-0.8%

Table 4-- AVERAGE RENTAL RATES FOR CROPLAND AND PASTURE IN KANSAS

CASH RENT PER ACRE by District & Region - 1997 & 1998
District/Region 1997 1998
Non-Irrig.
Cropland 		Irrig.
Cropland 		Pasture Non-Irrig.
Cropland 		Irrig.
Cropland 		Pasture
Northwest 29 .00 69 .00 9 .00 31 .00 66 .00 9 .50
West Central 26 .00 66 .00 8 .40 27 .00 65 .00 9 .20
Southwest 24 .00 72 .00 8 .00 23 .00 67 .00 8 .60
    West Region 26 .10 70 .80 8 .40 26 .60 66 .60 9 .10
North Central 37 .00 78 .00 13 .00 40 .00 75 .00 13 .50
Central 34 .00 66 .00 12 .00 36 .00 65 .00 12 .70
South Central 33 .00 64 .00 9 .70 35 .00 69 .00 11 .80
    Central Region 34 .50 66 .90 11 .50 36 .90 69 .40 12 .60
Northeast 50 .00 1/ 14 .70 55 .00 75 .00 16 .50
East Central 36 .00 1/ 15 .10 39 .00 67 .00 16 .80
Southeast 35 .00 1/ 14 .90 35 .00 67 .00 16 .50
    East Region 39 .90 1/ 14 .90 42 .40 69 .80 16 .60
State 34 .50 69 .00 11 .60 35 .50 67 .00 13 .00
1/ Insufficient data to publish district-level data; they are included in State total.

Dan Kolterman, Agricultural Statisticians
Dona Schmitz, Research Analyst
Eldon J. Thiessen, State Statistician
Eddie Wells, Deputy State Statistician

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