Corn Farmland in Michigan

Corn farmland in Michigan for a 640 - 1,000 Acres parcel costs approximately $8,743 per acre, with a total investment of $7,169,260. The estimated annual ROI is 3.4% with cash rent of $350 per acre.

Michigan has 47,600 farms with an average size of 206 acres. Farmland prices average $6,800 per acre statewide, with 4.2% year-over-year appreciation. Cash receipts total $8.9B annually.

The estimated annual ROI is 3.4% for a 640 - 1,000 Acres parcel, generating $244,360 in annual income ($298 per acre). The 5-year appreciation estimate is 1997.0%.