By Blake Jackson
Missouri landowners, lenders, and appraisers are invited to participate in the University of Missouri Extension's annual Farmland Values Opinion Survey. This initiative aims to provide accurate insights into land values across the state.
"For this survey to be robust and indicative of Missouri trends, we need broad input from Missourians," said Juo-Han Tsay, MU Extension assistant professor. "The more responses we receive, the more accurate and useful the results will be in helping stakeholders make informed decisions about farmland purchases, sales and investments."
The survey gathers data on land transactions from the current year, covering cropland, pastureland, timberland, and recreational land. This localized data complements national estimates from the USDA.
Last year's survey, with over 250 responses, indicated slower growth in Missouri farmland values. Average "good" nonirrigated cropland was valued at $8,524 per acre, and pastureland at $5,687. Notably, pastureland, timber, and recreational land saw significant increases.
"Last year’s respondents expected land prices to increase in 2025, particularly in northwest Missouri," Tsay notes. "By participating in this year’s survey, we can create a clearer picture of Missouri’s farmland market."
Anyone with knowledge of recent land transactions, including sellers, buyers, lenders, appraisers, and real estate agents, is encouraged to participate. Multiple responses are welcome for those with insights on various transactions.
The anonymous survey takes 5-10 minutes to complete and can be accessed at https://missouri.qualtrics.com/jfe/form/SV_3C8PZJKsJb7gC4m.
Results will be available on the MU Extension website later this summer, featuring regional estimates and historical data.
Tsay urges Missourians to submit responses by May 18, 2025, to contribute to this valuable resource for the state's agricultural economy.
"Don’t miss this opportunity to contribute valuable data that better supports decision-making for Missouri’s agricultural economy," Tsay concludes.
Photo Credit: gettyimages-shotbydave
Categories: Missouri, Business, General