2015 Land Values & Leasing Rates

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Wolf, C & Wittenberg, E.

Michigan State University (MSU) has collected information on land values since 1991 using a mail survey of appraisers, lenders and others involved in Michigan agriculture. The goal of the MSU study is to provide information on the value of land based on agricultural and nonagricultural use. The survey also collects information on land leasing and rental rates. This report contains the results for the MSU land value survey conducted in spring and summer of 2015. Results describe average land prices and rental rates for many categories of agricultural land in Michigan.

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