Hay & Alfalfa Farmland in Michigan

Acreage: 640 - 1,000 Acres · Data Year 2025

Price/Acre

$5,343

Total Investment

$4,381,260

Annual ROI

3.6%

Cash Rent/Acre

$214

Live DataLast updated: April 4, 2026·Source: USDA NASS & ERS

Investment Breakdown

Price per Acre	$5,343
Total Acres	820
Total Investment	$4,381,260
Annual Income	$157,440
Income per Acre	$192
Annual ROI	3.6%
Cash Rent per Acre	$214
5-Year Appreciation	1220.0%
YoY Change	+4.2%
vs National Avg	+$872/acre (+19.5%)

Michigan Farmland Overview

Farmland/Acre

$6,800

Cropland/Acre

$7,200

Total Farms

47,600

Avg Farm Size

206 ac

Cheapest States for Hay & Alfalfa (640 - 1,000 Acres)

#1New Mexico$487/ac #2Nevada$589/ac #3Wyoming$668/ac #4Alaska$943/ac #5Montana$943/ac

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USDA NASS & ERS

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FarmLandWize Research TeamData Specialists

Our team analyzes data from USDA NASS & ERS to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.

✓ USDA NASS & ERS✓ Updated 2025

Frequently Asked Questions

How much does hay & alfalfa farmland cost in Michigan?

Hay & Alfalfa farmland in Michigan for a 640 - 1,000 Acres parcel costs approximately $5,343 per acre, with a total investment of $4,381,260. The estimated annual ROI is 3.6% with cash rent of $214 per acre.

Is Michigan a good state for hay & alfalfa farmland investment?

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.

What is the ROI for hay & alfalfa farmland in Michigan?

The estimated annual ROI is 3.6% for a 640 - 1,000 Acres parcel, generating $157,440 in annual income ($192 per acre). The 5-year appreciation estimate is 1220.0%.

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