In 2015, rural crime cost the Midlands £6.6m, which was up from £6m in 2014.
The figures form part of the NFU Mutual's annual Rural Crime Report, published today, revealing that the cost of rural crime to the UK economy has now reached £42.5 million a year.
According to the leading rural insurer, the items most commonly targeted by thieves across the Midlands over the last 12 months were machinery, tools from farms and businesses and quad bikes (ATVs).
The cost of livestock thefts in the Midlands is reduced by 63% following targeted awareness campaigns.
However, the region saw a 15% rise in the cost of tractor thefts with equine thefts also remaining a concern.
Lincolnshire has the highest rate of rural crime in the country.
It cost the the county £2,164,124 in 2015, almost £300,000 more than any other counties across the UK.
The West Midlands conurbation (Birmingham, the Black Country and Coventry) was the eighth highest county in the country to be affected by rural crime, costing £1,195,009.
Hannah Bromley, NFU Mutual Agent in the Midlands said: