Farm real estate values are again up.
The U-S Department of Agriculture reports that crop land increased 13% in 2013 compared to one year ago. The average price per acre in the U-S is now estimated at $4,000. The highest prices per-acre are seen in the Corn Belt where the average price is $6,400, also a 13% increase.
Farm land values increased 50% since 2009.
Experts say the likely reasons for the big jump in farm real estate values include low interest rates and a strong income prospects from agriculture products.
The outlook for 2014 suggests prices will again increase but at a slower pace as interest rates are expected to rise.