Gray County Farmland Info
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There are 464 farming operations in Gray County, Kansas. According to the USDA Census of Agriculture, Gray County, Kansas had 459,882 acres of land in farms. The average size of a farm in Gray County was 991 acres in 2024.
Average Gray County Farmland Value
The average farmland value per acre in Gray County, Kansas in Q4 2024 was $3,265. There are multiple factors that contribute to the volatility of farmland values. A partial list of factors include:
- Soil quality. The quality of a land’s soil is fundamental to its value, affecting everything from productivity to crop yield to sustainability.
- Commodity price fluctuations. Shifts in the prices of crops or livestock can add to or detract from a land’s value.
- Interest rates. High interest rates can reduce demand for land driving prices down, while lower interest rates can boost demand for land and drive prices up.
- Environmental factors. Climate driven events such as drought, flooding, and extreme weather can dramatically impact farm productivity and ultimately, a land’s value.
- Farmland income. Higher farmland income can lead to higher demand for land, driving prices up in the market.
- Local Factors. Neighbors can have a dramatic impact on farmland value
- Alternative Investment Opportunities. The appeal of farmland to non-farming investors fluctuates with global trends.
Gray County Farmland Value History
Changes in Gray County by year breakdown as follows:
| Year | Avg Market Value/Acre |
| 2024 | $2,615 /acre |
| 2023 | $3,985 /acre |
| 2022 | $3,402 /acre |
| 2021 | $2,518 /acre |
| 2020 | $1,594 /acre |