But the land values are affected by location . Respondents near urban areas and those in North Georgia report land values above those reported in more rural areas. Much of the state is becoming urbanized. Census data show Georgia lost 327 acres of farmland daily between 1987 and 1997. Farmland values reported are shown in tables 1-3.
Pasture values are strong when compared with cropland - especially near urban areas.
Apparently those buying land for development care little whether the land is currently cropland or pasture. Further, woodland values are strong in most sectors of the state, especially in some of the rural areas. A respondent in a rural - farming county wrote, 'Timberland is being sold at higher and higher prices. The average value of rental rates reported for all cropland is less than those reported paid for specialty crops . Rates reported paid for irrigated land to grow peanuts was above average.