The National Agricultural Statistics Service said farm real estate values in Wisconsin were up 7% from a year ago. Value of combined farmland and buildings averaged $4,350 per acre in Wisconsin, much higher than the national average $2,650 per acre.
The U.S. Department of Agriculture said Wisconsin cropland averaged $4,230 per acre, up $280 from 2011, and pasture land value increased $40 to $2,130 per acre. The average cropland rental rate in Wisconsin was $115 per acre, up $16, and pasture land was renting for $34 per acre, up 6 percent.
Other ag reports predicted Wisconsin's 2012 corn harvest would tally 3.45 million acres, up 130,000 acres from a year ago. Yield should average 132 bushels per acre, down 24 from 2011.
Production was forecast at 455 million bushels, down 12 percent from 518 million bushels in 2011. Dry weather caused reductions. National corn production was forecast at 10.8 billion bushels, down 13 percent. Yield was expected to average 123.4 bushels per acre, lowest since 1995.