United States Land Values Department of Agriculture - USDA

1 United States Department of Agriculture national agricultural statistics Service ISSN: 1949-1867 Land Values 2019 Summary August 2019 Land Values 2019 Summary (August 2019) 3 usda , national agricultural statistics Service Contents agricultural Land Values Highlights .. 4 Average Farm Real Estate Value United States : 2005-2019 Chart .. 5 2019 Farm Real Estate Value by State Dollars per Acre and Percent Change from 2018 Map .. 5 Average Cropland Value United States : 2005-2019 Chart .. 6 2019 Cropland Value by State Dollars per Acre and Percent Change from 2018 Map .. 6 Average Pasture Value United States : 2005-2019 Chart .. 7 2019 Pasture Value by State Dollars per Acre and Percent Change from 2018 Map.

2 7 Farm Real Estate Average Value per Acre Regions, States , and United States : 2015-2019 .. 8 Cropland Average Value per Acre Regions, States , and United States : 2015-2019 .. 10 Irrigated and Non-Irrigated Cropland Average Value per Acre States : 12 Pasture Average Value per Acre Regions, States , and United States : 2015-2019 .. 14 Value of Farmland and Buildings States and United States : 2014-2018 .. 16 Economic Regions .. 18 Statistical Methodology .. 19 Terms and Definitions .. 20 Information Contacts .. 21 4 Land Values 2019 Summary (August 2019) 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 $3,160 per acre for 2019, up $60 per acre ( percent) from 2018.

3 The United States cropland value averaged $4,100 per acre, an increase of $50 per acre ( percent) from the previous year. The United States pasture value averaged $1,400 per acre, up $30 ( percent) from 2018. Land Values 2019 Summary (August 2019) 5 usda , national agricultural statistics Service 1,610 1,8302,0102,1702,0902,1502,3002,5202,730 2,9403,0002,9903,0303,1003,16005001,0001 ,5002,0002,5003,0003,5002005200620072008 2009201020112012201320142015201620172018 2019 Dollars per acreUSDA -NASSA ugust 6, 2019 Average Farm Real Estate Value United States : 2005-2019 6 Land Values 2019 Summary (August 2019) usda , national agricultural statistics Service 2,060 2,3002,5302,7602,6402,7002,9803,3503,810 4,0904,1004,0404,0304,0504,10005001,0001 ,5002,0002,5003,0003,5004,0004,500200520 0620072008200920102011201220132014201520 16201720182019 Dollars per acreUSDA-NASSA ugust 6, 2019 Average Cropland Value United States .

4 2005-2019 Land Values 2019 Summary (August 2019) 7 usda , national agricultural statistics Service 7409601,0301,0901,0601,0601,0701,1101,17 01,2901,3101,3201,3301,3701,400020040060 08001,0001,2001,400200520062007200820092 010201120122013201420152016201720182019 Dollars per acreUSDA -NASSA ugust 6, 2019 Average Pasture Value United States : 2005-2019 8 Land Values 2019 Summary (August 2019) usda , national agricultural statistics Service Farm Real Estate Average Value per Acre Regions, States , and United States : 2015-2019 Region and State 2015 2016 2017 2018 2019 Change 2018-2019 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast.

5 Connecticut .. Delaware .. Maine .. Maryland .. Massachusetts .. New Hampshire .. New Jersey .. New York .. Pennsylvania .. Rhode Island .. Vermont .. 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 .. 5,190 11,700 8,110 2,170 7,270 10,600 4,450 13,300 3,090 5,710 14,300 3,350 4,740 4,970 4,760 4,550 6,220 7,430 6,930 7,670 3,230 5,930 2,320 2,050 3,010 1,870 2,280 3,810 3,370 4,560 3,690 4,440 2,630 5,270 11,900 8,290 2,210 7,470 10,700 4,610 13,300 3,110 5,820 14,600 3,400 4,730 4,900 4,790 4,520 6,100 7,300 6,830 7,370 3,220 5,970 2,200 1,910 2,890 1,750 2,190 3,880 3,540 4,550 3,770 4,470 2,620 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.

6 860 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 - - - - - See footnote(s) at end of table. --continued Land Values 2019 Summary (August 2019) 9 usda , national agricultural statistics Service Farm Real Estate Average Value per Acre Regions, States , and United States : 2015-2019 (continued) Region and State 2015 2016 2017 2018 2019 Change 2018-2019 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast.

7 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 .. Oregon .. Washington .. United States 2 .. 3,740 2,710 5,480 3,270 3,130 2,790 3,020 2,780 2,500 1,810 1,630 1,860 1,130 3,620 1,500 2,530 888 1,080 523 2,130 686 4,800 7,820 2,140 2,590 3,000 3,830 2,820 5,510 3,410 3,180 2,830 3,000 2,870 2,590 1,810 1,690 1,840 1,140 3,570 1,500 2,590 898 1,040 540 2,160 699 4,960 8,080 2,240 2,680 2,990 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.

8 400 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 - - Represents zero. 1 Excludes American Indian Reservation land. 2 Excludes Alaska and Hawaii. 10 Land Values 2019 Summary (August 2019) usda , national agricultural statistics Service Cropland Average Value per Acre Regions, States , and United States : 2015-2019 Region and State 2015 2016 2017 2018 2019 Change 2018-2019 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast .. Delaware .. Maryland .. New Jersey .. New York.

9 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 .. 5,520 7,880 6,720 13,800 2,680 6,130 7,270 4,730 4,620 4,860 4,550 6,700 7,580 6,780 7,860 3,680 6,030 3,090 2,230 5,010 2,080 3,670 3,910 3,860 4,150 3,510 4,560 3,290 5,650 8,090 6,910 13,500 2,690 6,450 7,290 4,750 4,590 4,840 4,660 6,500 7,350 6,690 7,510 3,570 6,070 2,900 2,080 4,750 1,910 3,430 3,980 3,980 4,060 3,670 4,610 3,220 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.

10 870 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 - - - See footnote(s) at end of table. --continued Land Values 2019 Summary (August 2019) 11 usda , national agricultural statistics Service Cropland Average Value per Acre Regions, States , and United States : 2015-2019 (continued) Region and State 2015 2016 2017 2018 2019 Change 2018-2019 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast .. Alabama.