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Annual survey offers critical insights into farmland value trends across Missouri

Written by TF Staff on .

Missouri landowners, agricultural lenders, rural appraisers and others with firsthand knowledge of acreage transactions are invited to respond to the annual Missouri Farmland Value Opinion Survey.

This University of Missouri Extension survey captures information on land sales that have occurred in the calendar year, including those for crops, pasture, timber, recreational and hunting land.
The survey complements USDA’s National Agricultural Statistics Service (NASS) data to help provide a more accurate glimpse into land value trends in Missouri.

The 2023 survey included more than 300 responses and revealed significant increases in farmland values, with the highest rise (14%) seen in hunting and recreational land. Good nonirrigated cropland stood at a statewide average of $8,631 per acre, while irrigated cropland was estimated at a statewide average of $9,678 per acre.

Respondents of the 2023 survey said they expected land prices to increase in 2024, particularly in the western region of Missouri. Results from the 2024 survey will be broken into regional estimates based upon category and will be publicly available on the MU Extension website along with survey results from previous years at extension.missouri.edu/publications/g401.

The anonymous survey takes about 5-10 minutes to complete and can be accessed at muext.us/landvaluesurvey24. Deadline for response is Aug. 15.

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‘Summer’s Best Story’ begins Aug. 8 at the Missouri State Fair

Written by TF Staff on .

With the theme, “Summer’s Best Story,” the Missouri State Fair returns Aug. 8-18 to the historic fairgrounds in Sedalia, offering a complete lineup of livestock shows, agricultural exhibits, concerts, vendors, carnival rides, plenty of food choices and much more.

TheBestStoryMFA Incorporated continues to support the state fair with several types of sponsorships and participation. This year, MFA displays will highlight the accomplishments of FFA members through their Supervised Agricultural Experience (SAE) projects, which are supported in part by funding from the MFA Charitable Foundation. Fair visitors can learn more about the important and interesting work FFA members are doing through these projects and how the MFA Charitable Foundation contributes to agricultural youth education, nonprofit organi- zations and community causes.

MFA is also joining Missouri 4-H and FFA youth to sponsor Story Time in the Children’s Barnyard area. Members of these groups will read young visitors an agriculture-themed story and let them get up close and per- sonal with livestock being shown at this year’s fair.

MFA’s traditional sponsorships of youth exhibitions will also continue, including the State 4-H Saddle Award and the 4-H Dog Show.

As a member of Missouri Farmers Care, MFA will once again be in- volved in this year’s Missouri FFA Day of Service on Tuesday, Aug. 13, when hundreds of FFA members will pack child-friendly meals that will be distributed to six food banks across the state. That day is also “$2 Tuesday,” which allows visitors to receive $2 admission to the fair with a $2 donation to MFC’s Drive to Feed Kids or a minimum of two nonperishable food items.

The Drive to Feed Kids activities at the fair continue on Aug. 15 following the Ham Break- fast, with MFA representatives among the ag leaders, youth and elected officials who will pack more than 1,000 meal boxes for food-insecure families.

Visit the fair’s website at mostatefair.com for the most up-to-date information and schedule.

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