ALTOONA, Wis. (WEAU) -- Farm commodity prices aren't going up much but farm land values are. This year the average value of an acre of U.S. farm land is $3,160 an acre-up $60 from 2018. A breakdown shows cropland is worth $4,100 an acre this year while pasture ground is valued at $1,400 an acre. The biggest increases were out west where land values were up over 5%. The Southeast and Lakes states saw land values drop about 1% from a year ago. South Carolina had the biggest drop in farm land values at almost 6 and a half percent.
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In Wisconsin, the average value of land in farms, including buildings, is $4,950-- up $50 an acre from last year. The breakdown shows cropland is worth $4,850 an acre this year-up $110 from 2018. Pasture land is averaging $2,310 an acre-up $50 from a year ago. Those figures put the total value of Wisconsin farmland and building well over $70 billion.
New government figures also show cash rents across the state for farm land are averaging $142 an acre. Irrigated land rents are $237 an acre with non-irrigated land averaging $137. Pasture rent this year is bringing an average of $40 an acre-about the same as last year.
The national FFA organization has named the 16 young people from around the country who will vie for the 4 Stars over America awards at this year's national convention in Indianapolis in October. Only of the 16 is from Wisconsin this year-Amelia Hayden of Sharon in Southeast Wisconsin will be a finalist for the Star in Agriscience. Hayden is the outgoing state FFA president and will also be Wisconsin's candidate for national office at this year's convention.
And a western Wisconsin veterinarian is the new president-elect of the American Veterinary medical Association. Dr. Douglas Kraft of Onalaska was elected by his peers last week at the group's annual meeting in Washington D.C. Dr. Kraft is a graduate of the UW-Madison veterinary School and has been in practice at the Central Animal Hospital in Onalaska since 1998. He is a past president of the Wisconsin veterinary Medical Association.