A study of Wisconsin land sales found farmland in some counties is worth more if it’s closer to a concentrated animal feeding operation, also known as CAFOs.
The analysis came out of a larger project to combine statewide data on land use, land sales and soil survey data, said Simon Jette-Nantel, farm management specialist for the University of Wisconsin-Extension.
Because CAFOs need large areas of land to grow crops and minimize the carbon footprint by spreading natural nutrients, Jette-Nantel predicted there would be a relation between farmland value and its proximity to a CAFO. Which is exactly what an analysis of farmland sales from the first six months of 2017 in Barron and Marathon counties found.
“If it is close to a CAFO, it would tend to command a premium. That premium so far from what we’ve estimated could vary somewhere between $400 to $800 per acre,” Jette-Nantel said.