Michigan has farmland at $6,000 per acre. Since the economic downturn in Michigan and collapsing of the auto industry in Detroit. Land in Michigan had hit rock bottom. But currently Michigan real estate has increased again. As investors from out of state continue to gobble up most of the available land for sale. http://www.michiganfarmbureau.com/farmnews/transform.php?xml=20120215/farmland.xml Much of the land in Michigan is able to be leased out to other farmers for premium rates. There is a very short growing season in Michigan especially in the Upper Peninsula. Corn, Soybeans, and apples are all major crops grown in Michigan.