The value of Kansas agricultural real estate, which includes all land and buildings, has increased an average of 17 percent, or $310 per acre, over the past year, to $2,050 per acre, according to U.S. Department of Agriculture.
The value of cropland overall increased 17 percent to $2,260 an acre, with irrigated cropland up $520 to $3,280 an acre, and non-irrigated cropland up $310 to $2,150 an acre.
The value of pastureland rose $150 to $1,300 an acre.
The cost of renting irrigated cropland averaged $126 an acre, a decrease of $11, while non-irrigated cropland rent averaged $54 an acre, up slightly from a year earlier.
The cost of renting pasture averaged $17.50 an acre, unchanged from the previous year.