Michigan farm property values are going gangbusters, rising 7.8 percent in the past year and leading the nation, according to an annual report from the U.S. Department of Agriculture.

National values increased 4.3 percent percent — coming amid fluctuation in farm revenue and markets, in part due to tariff volatility — means prices are “remarkable stable,” said national landowner services company Farmers National Co.

The state’s higher rate of increase is coming, at least in part, from buyers who seek to turn the land into homes, factories or other commercial enterprises, experts said.

“The main reason for land coming on the market is usually either a decision to sell due to generational change or land in more urban areas selling for uses other than farming,” Jay Van Gorden of Farmers Na

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