Wisconsin Farmland Property Value Rises

Rural Wisconsin is seeing an increase in property values.  Story by the Wisconsin Ag Connection

Local bankers from around the Midwest have confirmed what we already knew: 2011 was a huge year for increased farmland property values. According to the latest survey of agricultural lenders in the Seventh Federal Reserve District, farmland values between October through December 2011 were up another four percent from the three months previous. For the year as a whole, values were 22-percent higher in the district--the biggest annual increase since 1976.

In the most recent questionnaire of 205 rural bankers, survey respondents said agricultural credit conditions were stronger in the fourth quarter of 2011 than in the preceding fourth quarter, although non-real-estate loan demand was weaker.

Full Story Wisconsin Farmland Values Rose 18-Percent in 2011

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Selling "Gifted" Real Estate

We at BuyWisconsinLand.com think land is a fantastic Christmas gift.  Check out our website for great wooded hunting acreages and recreational properties.

However, if you already have a property that was a gift, that is property given to you from someone living (not left to you in a will) and you want to sell that land, there are tax consideration you need to be aware of. This article from by William Perez from About.com should give you some insight.

People often end up owning real estate and other property when the original owner has given that property to them. Transfers of property given before the original owner dies is called a gift. Recipients of gift property have different tax consequences than recipients of inherited property.

Full Story Selling Gift Property

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Wisconsin Land Values above National Average

The value of the state's farmland with buildings averaged $3,750 per acre, down 3% from 2007 but 79% higher than the $2,100 per acre average for the nation, according to the USDA. Wisconsin ranked 18th in the nation in farmland value, tied with Michigan.
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