Wheat Farmland in Michigan

Wheat farmland in Michigan for a 50 - 160 Acres parcel costs approximately $6,377 per acre, with a total investment of $669,585. The estimated annual ROI is 3.4% with cash rent of $255 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 50 - 160 Acres parcel, generating $22,785 in annual income ($217 per acre). The 5-year appreciation estimate is 1456.0%.