How much is a farm in Kentucky?

03/20/2020 Off By admin

How much is a farm in Kentucky?

Average real estate value in Kentucky was $3,920/acre an increase of 2.6% from last year. Kentucky cropland value averaged $4,400/acre an increase of 2.3%, and pasture value was $3,060/acre, up 0.7% from 2019. Farmland values continue to show resilience in the face of weak commodity prices.

Where is farm land cheapest?

12 best farmland bargains

  • West-Central Texas. $600/acre. Annual land payment: $50/acre.
  • Central Wisconsin. $5,000/acre.
  • South-Central Florida. $10,000/acre.
  • Northern Missouri. $1,400/acre.
  • Eastern Ohio. $5,000/acre.
  • Southwest Iowa. $4,000/acre.
  • Southeastern Wyoming. $4,000/acre (irrigation in place)
  • Eastern North Dakota. $5,000/acre.

Where is the best farmland in Kentucky?

bluegrass region
Kentucky’s bluegrass region contains the state’s best farmland. By contrast, the agricultural potential of the Knobs region (which borders the Bluegrass region) is limited because of its inferior soil and steep topography. The Pennyrile is also a productive agricultural region.

Is there farmland in Kentucky?

KENTUCKY FARMS Welcome to the Bluegrass State, known for farms, min-farms, and especially horse farms. Below you will find a list of some of the most beautiful pieces of farm land for sale in Kentucky.

How much does an acre of land sell for in Kentucky?

How Much Is One Acre Of Land Worth In Kentucky? The value of one acre of land in Kentucky is $7,209. The average value of the same in the United State is $6,500.

What is the largest farm in Kentucky?

Peterson Farms manages over 16,000 acres of corn, soybeans and wheat in 7 counties of central KY.

Where is the best place to have a farm?

State Rankings

OVERALL RANK State Overall Score
1 Montana 59.72
2 Kansas 58.78
3 North Dakota 57.35
4 Texas 57.32

What is the biggest cash crop in Kentucky?

In Kentucky, soybeans and corn are the top crops. Nearly 1.47 million acres of farmland were dedicated to soybeans, with farmers selling more than $752 million worth of the crop in 2012. Corn was harvested from 1.53 million acres while sales totaled $694 million.

How much does a acre of land go for in Kentucky?