Land Values 2021 Summary 08/06/2021

1 United States Department of Agriculture National Agricultural Statistics Service ISSN: 1949-1867 Land Values 2021 Summary August 2021 Land Values 2021 Summary (August 2021) 3 USDA, National Agricultural Statistics Service Contents Agricultural Land Values Highlights .. 4 Average Farm Real Estate Value United States: 2007-2021 Chart .. 5 2021 Farm Real Estate Value by State Dollars per Acre and Percent Change from 2020 5 Average Cropland Value United States: 2007-2021 Chart .. 6 2021 Cropland Value by State Dollars per Acre and Percent Change from 2020 Map .. 6 Average Pasture Value United States: 2007-2021 Chart .. 7 2021 Pasture Value by State Dollars per Acre and Percent Change from 2020 Map .. 7 Farm Real Estate Average Value per Acre Regions, States, and United States: 2017-2021 .. 8 Cropland Average Value per Acre Regions, States, and United States: 2017-2021 .. 10 Irrigated and Non-Irrigated Cropland Average Value per Acre States: 2017-2021.

2 12 Pasture Average Value per Acre Regions, States, and United States: 2017-2021 .. 14 Value of Farmland and Buildings States and United States: 16 Economic Regions .. 18 Statistical Methodology .. 19 Terms and Definitions .. 20 Information Contacts .. 21 4 Land Values 2021 Summary (August 2021) USDA, National Agricultural Statistics Service Agricultural Land Values Highlights The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,380 per acre for 2021, up $220 per acre ( percent) from 2020. The United States cropland value averaged $4,420 per acre, an increase of $320 per acre ( percent) from the previous year. The United States pasture value averaged $1,480 per acre, an increase of $80 per acre ( percent) from 2020. Land Values 2021 Summary (August 2021) 5 USDA, National Agricultural Statistics Service 2,0102,1702,0902,1502,3002,5202,7302,940 3,0002,9903,0303,1003,1603,1603,38005001 ,0001,5002,0002,5003,0003,5004,000200720 0820092010201120122013201420152016201720 18201920202021 Dollars per acreAverage Farm Real Estate Value United States: 2007-2021 USDA -NASSA ugust 6, 2021 6 Land Values 2021 Summary (August 2021) USDA, National Agricultural Statistics Service 2,5302,7602,6402,7002,9803,3503,8104,090 4,1004,0404,0304,0504,1004,1004,42005001 ,0001,5002,0002,5003,0003,5004,0004,5005 ,000200720082009201020112012201320142015 201620172018201920202021 Dollars per acreAverage Cropland Value United States: 2007-2021 Average Cropland Value United States.

3 2007-2021 USDA - NASS August 6, 2021 Land Values 2021 Summary (August 2021) 7 USDA, National Agricultural Statistics Service 1,0301,0901,0601,0601,0701,1101,1701,290 1,3101,3201,3301,3701,4001,4001,48002004 006008001,0001,2001,4001,600200720082009 2010201120122013201420152016201720182019 20202021 Dollars per acreAverage Pasture Value United States: 2007-2021 USDA -NASSA ugust 6, 2021 8 Land Values 2021 Summary (August 2021) USDA, National Agricultural Statistics Service Farm Real Estate Average Value per Acre Regions, States, and United States: 2017-2021 Region and State 2017 2018 2019 2020 2021 Change 2020-2021 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast .. Connecticut .. Delaware .. Maine .. Maryland .. Massachusetts .. New Hampshire .. New Jersey .. New York .. Pennsylvania .. Rhode Island .. Vermont .. Lake States.

4 Michigan .. Minnesota .. Wisconsin .. Corn Belt .. Illinois .. Indiana .. Iowa .. Missouri .. Ohio .. Northern Plains .. Kansas .. Nebraska .. North Dakota .. South Dakota .. Appalachian .. Kentucky .. North Carolina .. Tennessee .. Virginia .. West Virginia .. 5,380 12,100 8,250 2,370 7,620 10,800 4,860 13,400 3,160 6,030 14,900 3,470 4,880 4,940 4,870 4,870 5,990 7,160 6,580 7,350 3,120 6,010 2,150 1,890 2,820 1,740 2,100 3,970 3,680 4,580 3,840 4,590 2,640 5,550 12,300 8,410 2,370 7,860 10,900 4,900 13,500 3,230 6,250 15,200 3,540 4,890 4,960 4,850 4,900 6,110 7,280 6,580 7,270 3,380 6,200 2,110 1,850 2,750 1,710 2,070 4,030 3,770 4,640 3,920 4,620 2,650 5,690 12,200 8,950 2,410 8,060 11,100 4,980 13,500 3,250 6,470 15,600 3,630 4,900 4,960 4,840 4,950 6,100 7,280 6,580 7,190 3,400 6,290 2,170 1,960 2,850 1,740 2,070 4,080 3,820 4,680 3,990 4,650 2,680 5,710 12,000 8,950 2,490 8,080 11,300 5,000 13,600 3,150 6,600 16,000 3,550 4,860 4,950 4,840 4,850 6,110 7,400 6,600 7,070 3,400 6,350 2,120 1,900 2,790 1,720 2,010 4,140 3,920 4,670 4,100 4,620 2,700 6,000 12,500 9,300 2,600 8,670 13,700 5,050 14,400 3,270 6,800 16,400 3,900 5,240 5,300 5,240 5.

5 190 6,580 7,900 7,100 7,740 3,700 6,600 2,320 2,100 3,100 1,820 2,190 4,240 4,000 4,750 4,260 4,700 2,770 See footnote(s) at end of table. --continued Land Values 2021 Summary (August 2021) 9 USDA, National Agricultural Statistics Service Farm Real Estate Average Value per Acre Regions, States, and United States: 2017-2021 (continued) Region and State 2017 2018 2019 2020 2021 Change 2020-2021 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast .. Alabama .. Florida .. Georgia .. South Carolina .. Delta States .. Arkansas .. Louisiana .. Mississippi .. Southern Plains .. Oklahoma .. Texas .. Mountain .. Arizona 1 .. Colorado .. Idaho .. Montana .. Nevada 1 .. New Mexico 1 .. Utah 1 .. Wyoming .. Pacific .. California.

6 Oregon .. Washington .. United States 2 .. 3,990 2,910 5,860 3,560 3,240 2,920 3,110 2,960 2,660 1,880 1,750 1,920 1,170 3,770 1,540 2,730 917 1,020 558 2,230 712 5,440 8,970 2,360 2,760 3,030 4,050 2,980 5,900 3,510 3,310 3,000 3,160 3,040 2,740 2,000 1,800 2,050 1,200 3,780 1,560 2,870 916 1,020 565 2,310 726 5,610 9,350 2,430 2,840 3,100 4,090 3,100 5,950 3,470 3,400 3,100 3,320 3,120 2,800 2,070 1,870 2,120 1,220 3,800 1,570 3,000 915 1,020 570 2,420 740 5,900 10,000 2,500 2,820 3,160 4,120 3,150 5,900 3,500 3,500 3,130 3,350 3,160 2,820 2,110 1,890 2,170 1,240 3,850 1,590 3,110 915 1,000 575 2,450 750 5,910 10,000 2,530 2,760 3,160 4,230 3,200 6,020 3,670 3,600 3,180 3,390 3,220 2,860 2,300 2,020 2,380 1,280 3,900 1,610 3,350 930 1,010 600 2,620 790 6,420 10,900 2,790 2,900 3,380 1 Excludes American Indian Reservation land.

7 2 Excludes Alaska and Hawaii. 10 Land Values 2021 Summary (August 2021) USDA, National Agricultural Statistics Service Cropland Average Value per Acre Regions, States, and United States: 2017-2021 Region and State 2017 2018 2019 2020 2021 Change 2020-2021 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast .. Delaware .. Maryland .. New Jersey .. New York .. Pennsylvania .. Other States 1 .. Lake States .. Michigan .. Minnesota .. Wisconsin .. Corn Belt .. Illinois .. Indiana .. Iowa .. Missouri .. Ohio .. Northern Plains .. Kansas .. Nebraska .. North Dakota .. South Dakota .. Appalachian .. Kentucky .. North Carolina .. Tennessee .. Virginia .. West Virginia .. 5,700 7,960 7,050 13,600 2,740 6,470 7,630 4,840 4,580 4,920 4,870 6,380 7,210 6,300 7,440 3,560 6,150 2,760 2,010 4,430 1,890 3,200 4,070 4,140 4,090 3,730 4,730 3,250 5,940 8,120 7,280 13,700 2,800 6,890 7,650 4,810 4,510 4,950 4,740 6,370 7,280 6,210 7,290 3,490 6,320 2,740 2,060 4,380 1,870 3,120 4,140 4,250 4,130 3,830 4,760 3,250 6,040 8,600 7,370 13,700 2,810 7,030 7,900 4,760 4,500 4,810 4,850 6,360 7,300 6,210 7,260 3,490 6,400 2,790 2,160 4,390 1,920 3,130 4,190 4,300 4,180 3,910 4,720 3,280 6,070 8,600 7,380 13,800 2,800 7,100 7,900 4,730 4,480 4,800 4,770 6,350 7,300 6,210 7,170 3,530 6,460 2,740 2,080 4,360 1,930 3,030 4,240 4,400 4,180 3,990 4,680 3,270 6,490 8,600 7,960 14,800 2,910 7,600 8,770 5,160 4,700 5,270 5,280 6,880 7,900 6,800 7,810 3,810 6,800 3,070 2,370 4,960 2,060 3,390 4,350 4,510 4,290 4,130 4,790 3.

8 330 - See footnote(s) at end of table. --continued Land Values 2021 Summary (August 2021) 11 USDA, National Agricultural Statistics Service Cropland Average Value per Acre Regions, States, and United States: 2017-2021 (continued) Region and State 2017 2018 2019 2020 2021 Change 2020-2021 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast .. Alabama .. Florida .. Georgia .. South Carolina .. Delta States .. Arkansas .. Louisiana .. Mississippi .. Southern Plains .. Oklahoma .. Texas .. Mountain .. Arizona 2 .. Colorado .. Idaho .. Montana .. Nevada 2 .. New Mexico 2 .. Utah 2 .. Wyoming .. Pacific .. California .. Oregon .. Washington .. United States 3 .. 4,060 3,170 6,940 3,430 2,700 2,770 2,730 2,700 2,900 1,780 1,590 1,850 1,860 7,720 2,070 3,570 1,010 (D) 1,560 3,690 1,460 6,650 11,630 2,920 2,660 4,030 4,160 3,300 7,040 3,430 2,790 2,840 2,780 2,790 3,000 1,820 1,630 1,890 1,910 7,610 2,100 3,740 1,020 (D) 1,580 3,830 1,490 6,830 12,170 3,000 2,630 4,050 4,120 3,430 7,190 3,210 2,830 2,920 2,850 2,880 3,080 1,860 1,670 1,930 1,980 7,600 2,160 3,930 1,040 (D) 1,550 3,970 1,520 7,190 12,830 3,080 2,630 4,100 4,180 3,500 7,190 3,320 2,830 2,960 2,880 2,930 3,100 1,930 1,690 2,030 2,010 7,650 2,200 4,070 1,030 (D) 1,600 4,040 1,540 7,240 12,900 3,120 2,610 4,100 4,290 3,550 7,300 3,480 2,900 3,010 2,930 2,980 3,150 2,050 1,810 2,150 2,100 7,700 2,240 4,450 1,050 (D) 1,660 4,190 1,600 7,740 13,860 3,310 2,700 4,420 (X) - Represents zero.

9 (D) Withheld to avoid disclosing data for individual operations. (X) Not applicable. 1 Includes: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. 2 Excludes American Indian Reservation land. 3 Excludes Alaska and Hawaii. 12 Land Values 2021 Summary (August 2021) USDA, National Agricultural Statistics Service Irrigated and Non-Irrigated Cropland Average Value per Acre States: 2017-2021 [Only states with significant irrigated acreage appear in this table] Region, State, and Land type 2017 2018 2019 2020 2021 Change 2020-2021 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Corn Belt Missouri, all cropland .. Irrigated .. Non-irrigated .. Northern Plains Kansas, all cropland .. Irrigated .. Non-irrigated .. Nebraska, all cropland .. Irrigated .. Non-irrigated .. South Dakota, all cropland.

10 Irrigated .. Non-irrigated .. Southeast Florida, all cropland .. Irrigated .. Non-irrigated .. Georgia, all cropland .. Irrigated .. Non-irrigated .. Delta States Arkansas, all cropland .. Irrigated .. Non-irrigated .. Louisiana, all cropland .. Irrigated .. Non-irrigated .. Mississippi, all cropland .. Irrigated .. Non-irrigated .. Southern Plains Oklahoma, all cropland .. Irrigated .. Non-irrigated .. Texas, all cropland .. Irrigated .. Non-irrigated .. 3,560 4,940 3,450 2,010 2,910 1,910 4,430 6,010 3,450 3,200 (D) 3,180 6,940 7,860 6,070 3,430 4,080 3,190 2,730 3,230 1,960 2,700 2,660 2,710 2,900 3,440 2,640 1,590 (D) 1,580 1,850 2,020 1,820 3,490 4,770 3,380 2,060 2,980 1,960 4,380 5,930 3,430 3,120 (D) 3,100 7,040 7,980 6,160 3,430 4,560 3,020 2,780 3,290 1,990 2,790 2,750 2,810 3,000 3,580 2,720 1,630 (D) 1,610 1,890 2,160 1,840 3,490 4,770 3,350 2,160 3,320 2,050 4,390 5,850 3,490 3,130 (D) 3,100 7,190 8,160 6,280 3,210 4,030 2,870 2,850 3,340 2,060 2,880 2,820 2,900 3,080 3,620 2,770 1,670 (D) 1,650 1,930 2,230 1,880 3,530 4,700 3,400 2,080 3,270 1,970 4,360 5,820 3,460 3,030 (D) 3,000 7,190 8,150 6,300 3,320 4,100 3,000 2,880 3,360 2,100 2,930 2,840 2,960 3,100 3,650 2,780 1,690 (D) 1,670 2,030 2,360 1,980 3,810 4,800 3,700 2,370 3,700 2,250 4,960 6,530 3,990 3,390 (D)