As you said, it depends. The Mennonites here have paid as high as $14,000 an acre for farmland. If you take the Mennonite and Amish equation out of it, prime farmland would probably be worth half that .
As far as residential or commercial goes, I have no idea, as it's pretty much worth whatever you can get out of it, and it's always the old location location, location thing that determines the price.
