Non-irrigated cropland prices in Kansas increased by 3.8% last year, while pasture and hay ground saw a 2.7% rise, according to the 2024 Kansas Agricultural Land Values and Trends report. Kansas State University farm economist Robin Reid explained that these figures suggest land prices are stabilizing after years of rapid growth, with some regions even experiencing declines. As margins tighten and farm income decreases, Reid anticipates that land values could continue to decrease.
Source: KCLY Radio
