Southwest Florida Economic Almanac

Page 19

Sponsored by:

Tuesday Tritt Ag Lender – LaBelle (863) 902-3437 ttritt@first1bank.com

Charlotte County had an average market value per farm of $3.9 million for land and buildings in 2012. The county has experienced increases and decrease in average market value per farm each reporting year since 1997. Overall, the county had a 173.7 percent increase over the 15-year span. The average market value per farm of land and buildings for Collier County was $1.7 million in 2012. The county has experienced increases and decreases in average market value per farm for land and buildings since 1997, resulting in a 4.3 percent decrease over the same time span. Finally, Lee County had a per farm average of $1 million in market value for land and buildings in 2012. The county has experienced increases in average market value per farm from 1997 to 2007, before having a slight decrease in 2012. Overall, the county had a 74.1 percent increase over the same time span.

Market Value of Land and Buildings County

Average per Farm 1997 2002

2007

2012

Charlotte

$1,415,760

$1,175,592

$2,224,000

$3,875,556

Collier

$1,815,361

$1,664,125

$2,039,525

$1,736,727

Glades

$1,251,708

$3,158,104

$6,796,878

$4,087,441

Hendry

$3,432,418

$4,528,478

$3,673,205

$4,953,187

Lee

$562,303

$727,448

$982,569

$979,161

$2,585,944

$2,676,293

Southwest Florida $1,647,199 $2,146,492 Source: U.S. Department of Agriculture, Census of Agriculture

The average market value per acre of land and buildings in Southwest Florida was $4,278 in 2012. The region experienced an increase in average market value per acre from 1997 to 2007, before having a decline in 2012. This has resulted in a 113.5 percent increase over the same time span. Lee County had highest average market value per acre for land and buildings in 2012, at $9,485. The average market value per acre of land and buildings in Lee County increased from 1997 to 2007, but declined in 2012. Overall, there was a 213.3 percent increase over the same time span. Charlotte County had an average market value per acre of $5,067 for land and buildings in 2012. The average market value per acre for land and buildings has increased each year since 1997. This has resulted in a 264.2 percent increase in average market value per acre over the same time span. Collier County had an average market value per acre of $4,482 for land and buildings in 2012. The county has experienced an increase in average market value per acre from 1997 to 2007, before having a decline in 2012. Overall, the county had a 141.2 percent increase over the 15-year span. The average market value per acre of land and buildings for Hendry County was $4,057 in 2012. The county has experienced an upward trend in average market value per acre for land and buildings since 1997, resulting in a 41.5 percent increase over the same time span. Glades County had a per acre average of $3,056 in market value for land and buildings in 2012. The county has experienced an upward trend in average market value per acre from 1997 to 2012. Overall, the county had a 266 percent increase over the same time span.

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