Wyoming ranch land values increased by 4.7% in 2012 with an average price of $450 per acre. U.S. Department of Agriculture figures show the average price for land last year was up from $428.85 in 2011. However, Steven Gunn of the USDA in Denver says the state's prices are the lowest in the Mountain West region thanks to a lack of fertile crop land. Idaho leads the region with an average value of $1,210. Gunn says that land with the potential to develop energy drives up prices in the state. Jim Magagna, of the Wyoming Stock Growers Association, says if the land were being graded on its agricultural value the prices wouldn't be rising.
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