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U.S. Farm Real Estate Averages $3,140 per Acre
USAgNet - 08/08/2018

The U.S. Department of Agriculture reports that U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,140 per acre for 2018. This is up $60 per acre from 2017 values.

Regional changes in the average value of farm real estate ranged from an 8.3% increase in the Southern Plains region to 1.4% decrease in the Northern Plains region. The highest farm real estate values were in the Corn Belt region at $6,430 per acre. The Mountain region had the lowest farm real estate value at $1,140 per acre.

U.S. cropland values averaged $4,130 per acre, an increase of $40 per acre from the previous year. In the Southern Plains region, the average cropland value increased 4.7% from the previous year, while in the Lake region, cropland values decreased by 0.6%.

Pasture value in the U.S. increased by $40 per acre (3%) from 2017 values. The Southern Plains region had the highest increase from 2017 at 5.6%. The Pacific region remained unchanged at $1,650 per acre.

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