MARYVILLE, MO — Farmland values have jumped in Northwest Missouri in the last year, according to a recent University of Missouri survey. The survey found that cropland values had increased 16.1% in the five-county sector of Northwest Missouri, which includes Nodaway, Andrew, Atchison, Buchanan and Holt, between July 2011 and July 2012. Local real estate professionals say that from January 2012 to January 2013, prices continued their upward momentum and at an increased rate of at least 20%. Ninety percent of Missouri farmland purchases are either farmed by those who buy it or rent it out to farm, according to University of Missouri Agribusiness Specialist Karisha Devlin. Producers have also been impacted by the role that Federal Crop Insurance has played. Farmers tend to look at a land purchase as a very long-term investment while an investor is always seeking a higher return in the form of an annual return along with the possibility of appreciation.
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