By Oregon Family Farm Association,
Since 2017, the value of Oregon farmland has soared by more than 23 percent, prompting concerns over whether family farms can afford to keep operating, according to an article in Yahoo Finance. Ag land values in Oregon rose three times as much as the national average of 7 percent during that same period, and fewer acres available led to higher prices for what remains. The average cost of an acre of farmland in the Willamette Valley’s wine country costing more than $20,000, making it difficult for local farmers to expand their land holdings, especially since the average annual farm income in 2022 was slightly above $26,000. The high land values also may prompt farmers to sell to large corporations.
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