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That average has to include vast areas of aggressively useless and unwanted land (eg Wyoming).



Yeah, although Wyoming land is reportedly good for some things (eg grazing), quick Google searches seem to suggest price per acre more around $450 an acre statewide (http://trib.com/business/land-values-skyrocket-in-parts-of-w...).

The thing is, agriculture fertility is not the only factor in rural land price these days -- I've heard ala the linked article that investing in land for hedging / portfolio diversity purposes is popular. It's also no surprise to hear that more aesthetically attractive rural areas will fetch a premium (I would seriously doubt the area around the Grand Tetons region is just $450 an acre for instance; the linked article suggests as much).


Wyoming's a great place to start a wind farm.




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