Agriculture sites on Michigan’s Old Mission Peninsula are among the 44,000 or so farms in the state. (Photo via Shutterstock)

Michigan farm property values are going gangbusters, rising 7.8% 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 — 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 g

See Full Page