From USDA –
Cropland cash rent paid to Wisconsin landlords in 2023 averaged $156.00 per acre according to the USDA, National Agricultural Statistics Service. Non-irrigated cropland rent averaged $151.00 per acre, $6.00 above last year. Irrigated cropland rent averaged $268.00 per acre, $18.00 above 2022. Pasture rented for cash averaged $37.50 per acre, $1.50 above the previous year.
Wisconsin’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $6,200 per acre in 2023, according to the USDA, National Agricultural Statistics Service – Land Values 2023 Summary. This was up 9 percent, $500 per acre higher than last year’s value.
Cropland, at $6,710 per acre, was $710 higher than last year. Pasture, at $3,150 per acre, was $250 above last year.