The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,140 per acre for 2018, up $60 per acre (1.9%) from 2017 values, reports USDA. Regional changes in the average value of farm real estate ranged from an 8.3% increase in the Southern Plains region to a 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.
The United States cropland value averaged $4,130 per acre, an increase of $40 per acre (0.9%) 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%.
The United States pasture value 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.