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The highest average per acre cash rent is $225 per acre for top quality land in the West Central region. With a range in per acre rents of $147 to $225, this region has the highest cash rents across all land qualities.Cash rents are the lowest in the Southeast, $86 to $151 per acre.or average and poor quality land, the average increased by $3 per acre (Table 2, click here to view). The average estimated cash rent was $202 per acre on top quality land, $161 per acre on average quality land, and $124 per acre on poor quality land.
The state-wide average price per acre for large parcels of agricultural land increased from $3,187 in 2009 to $3,254 in 2010. Low interest rates, strong grain prices and relatively strong farm equity positions have all helped to sustain farmland values. The same was not true for smaller bare land parcels (10-35 acres).The average small parcel price per acre was $3,194 (a decrease of $154). The number of transactions and the total acres exchanged in 2010 returned to levels not seen since 2005 for both large and small parcels.or example, if one parcel sells for $2,000 per acre and it contained 100 acres and another parcel sells for $3,000/acre and it contained 40 acres, the weighted average sales price would be: (200,000+120,000)/(100+40) or $2,286 instead of a simple arithmetic average of $2,500.