Georgia's Farm Value Down 8%; Not So in Southwest Georgia

By: Paul Stockman Email
By: Paul Stockman Email

The USDA looked at the average value of farmland and throughout the state, the value is down.

Georgia's farm real estate average value was down 8 percent from 2011.

The average value of cropland is down 5 percent.

The average value of pasture is down 16 percent.

This can be from any number of contributing factors, but the biggest one is the drought and how it affects dry land growing areas.

But in Seminole and early counties, things are not that bad. In fact local extension agents and real estate brokers say the value of land down here is actually going up.

With the high amount of irrigated farmland in southwest Georgia, it's becoming somewhat of a hot spot thanks to the usage of the Floridian aquifer.

Now a few weeks ago there were new regulations from the e-p-d which prohibited anyone in southwest Georgia from applying for an irrigation permit until 2013.

Thanks to that, the value of the irrigated land has actually gone up.

"There's not a lot of water in some of these places that are still dryland and can't be irrigated because we're predominantly agriculture related so with the droughts that we've had lately, any water's a plus and if you don't have it, it's a definite drawback," Brian Cresswell said. He is the Extension Coordinator for Early County.

Across the country, the value of farmland has actually gone up more than 10 percent for croplands and average real estate.

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