U.S. Farm Real Estate Rises 1.9%

Posted on 08/15/2019 10:34 PM

The average value of U.S. farm real estate, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2019, up $60 per acre (1.9%) from 2018, according to USDA. In it's annual update of farmland values, the agency reports an acre of cropland averaged $4,100, an increase of $50 per acre (1.2%.) from the previous year. The U.S. pasture value averaged $1,400 per acre, up $30 (2.2% from 2018).

Leading gains in cropland values was the Pacific region which marked an increase of 5.2%. California led gains with a 7% rise, while Washington marked a decline of 0.7%. The Southern Plains regions posted a 3.5% gain with Oklahoma marking a 3.9% rise followed by Texas' 3.4% increase. The Delta region marked a 3.3% increase with Arkansas posting a 5.1% increase. The Northern Plains list a 2.8% annual gain with Kansas marking a 5.9% increase. The Southeast reports a 1% increase with Alabama up 4% but Georgia down 1.1%. The Lake States of Michigan, Minnesota and Wisconsin report a 0.2% rise. The Corn Belt states list a 0.2% decrease with Iowa leading the decline at -1.1% and Ohio pacing gains with a 1% increase. 

Average cropland value over time

average pasture land value over time

average farm real estate over time

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