How much does a farm cost in Michigan?

How much does a farm cost in Michigan?

The average price of farms for sale in Michigan was $871,478. Farms and other agricultural land for sale in Michigan hold livestock including cattle, pig, sheep, goats and horses. Current land applications for farms for sale in Michigan include for timber, row crop, and livestock use.

How much does tillable land sell for in Michigan?

In the Upper and Northern Lower Peninsula tiled and non-tiled field crop land averaged $2,443 and $2,219 per acre, respectively. With respect to land rental rates, tiled field cropland averages $165 per acre in cash rent.

How much does an acre of farm land cost in Michigan?

The 2020 average Michigan farm real estate value, including land and buildings, averaged $4,950 per acre, according to Marlo Johnson, Regional Director of USDA, NASS, Great Lakes Regional Office. Farm real estate values in Michigan were down 0.2 percent from 2019.

What percentage of Michigan is farmland?

Michigan ranks eighth in the nation with 673,205 cover crop acres in 2017, up 54 percent from 437,200 acres in 2012. Huron County led the way with 102,744 cover crop acres on 22.4 percent of county agricultural land. St.

Is there farmland in Michigan?

Michigan farming not only provides consumers with food and fiber on nearly 10 million acres of farmland, but it also lays the foundation for a dynamic food and agriculture industry, making it one of our state’s critical economic drivers, substantially contributing to our state’s economy each year.

How much does farm land rent for in Michigan?

For the state of Michigan, the average land rent price according to these surveys was $127 per acre in 2019. Non-irrigated farms averaged $120 while irrigated lands were upwards of $220 per acre.

How much is an acre of tillable land worth?

Agricultural Land Values Highlights The United States cropland value averaged $4,100 per acre, no change from the previous year. The United States pasture value averaged $1,400 per acre, no change from 2019.

What is the most profitable crop in Michigan?

Apples are one of the largest and most valuable fruit crops grown in Michigan. In 2018, 1.050 billion pounds of apples were harvested in Michigan, ranking third in the nation. About 50 percent of the harvest was used for processing.

What is the average age of a farmer in Michigan?

56 years old
Of the few Michigan farms structured as corporations, 99 percent of those are family-owned and involve multiple generations and family members. The average age of a Michigan farmer is 56 years old.

How many acres are for sale in Michigan?

Recent Land And Farm data includes almost 100,000 acres of farms for sale in Michigan, which was valued at a combined $85 million. The average price of farms for sale in Alabama is $670,761.

How big is the farm market in Michigan?

Michigan has 100,000 acres of farms for sale based on recent Land And Farm data. The combined market value of farms for sale in Michigan is $73 million, with the average price of farms for sale in being $615,905. Farms and other agricultural land for sale in Michigan support livestock including cattle, pig, sheep, horses and goats.

Are there any Michigan hunting land for sale?

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What can you sell on a farm in Michigan?

Browse all Michigan farms, ranches and other rural real estate for sale on Land And Farm to find the farm, cattle operation, hobby farm or other farm property that’s right for your future commercial or lifestyle needs. Michigan’s main farming goods are dairy products, corn, and soybeans.