Agricultural Land Values | National | August 2022 - August 2023 (2024)

Table of Contents
Average Farm Real Estate Value - United States: 2009-2023 Farm Real Estate Average Value per Acre - Northeast - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Lake States - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Corn Belt - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Northern Plains - Regions and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Appalachian - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Southeast - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Delta States - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Southern Plains - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Mountain - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - Pacific - Region and States: 2019-2023 Data Dictionary Farm Real Estate Average Value per Acre - United States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Northeast - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Lake States - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Corn Belt - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Northern Plains - Regions and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Appalachian - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Southeast - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Delta States - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Southern Plains - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Mountain - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - Pacific - Region and States: 2019-2023 Data Dictionary Cropland Average Value per Acre - United States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Corn Belt - Region and States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Northern Plains - Regions and States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Southeast - Region and States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Delta States - Region and States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Southern Plains - Region and States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Mountain - Region and States: 2019-2023 Data Dictionary Irrigated and Non-Irrigated Cropland Average Value per Acre - Pacific - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Northeast - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Lake States - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Corn Belt - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Northern Plains - Regions and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Appalachian - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Southeast - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Delta States - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Southern Plains - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Mountain - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - Pacific - Region and States: 2019-2023 Data Dictionary Pasture Average Value per Acre - United States: 2019-2023 Data Dictionary Value of Farmland and Buildings - Northeast - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Lake States - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Corn Belt - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Northern Plains - Regions and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Appalachian - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Southeast - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Delta States - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Southern Plains - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Mountain - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - Pacific - Region and States: 2018-2022 Data Dictionary Value of Farmland and Buildings - United States: 2018-2022 Data Dictionary FAQs References

All data represent the latest estimates for specified year.

Current Release Date: 2023-08-04T15:00:00

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,080 per acre for 2023, up $280 per acre (7.4 percent) from 2022. The United States cropland value averaged $5,460 per acre, an increase of $410 per acre (8.1 percent) from the previous year. The United States pasture value averaged $1,760 per acre, an increase of $110 per acre (6.7 percent) from 2022.

Average Farm Real Estate Value - United States: 2009-2023

Export Visualization

Farm Real Estate Average Value per Acre - Northeast - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Lake States - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Corn Belt - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Northern Plains - Regions and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Appalachian - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Southeast - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Delta States - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Southern Plains - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - Mountain - Region and States: 2019-2023

Arizona, Nevada, New Mexico, and Utah exclude American Indian Reservation land

Data Dictionary

Farm Real Estate Average Value per Acre - Pacific - Region and States: 2019-2023

Data Dictionary

Farm Real Estate Average Value per Acre - United States: 2019-2023

United States excludes Alaska and Hawaii

Data Dictionary

Cropland Average Value per Acre - Northeast - Region and States: 2019-2023

Other States Include: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

Data Dictionary

Cropland Average Value per Acre - Lake States - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Corn Belt - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Northern Plains - Regions and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Appalachian - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Southeast - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Delta States - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Southern Plains - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - Mountain - Region and States: 2019-2023

(D) Withheld to avoid disclosing data for individual operations.

(X) Not applicable

For states within Mountain Region (which includes Arizona, Nevada, New Mexico, and Utah): Excludes American Indian Reservation land

Data Dictionary

Cropland Average Value per Acre - Pacific - Region and States: 2019-2023

Data Dictionary

Cropland Average Value per Acre - United States: 2019-2023

United States excludes Alaska and Hawaii

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Corn Belt - Region and States: 2019-2023

Only states with significant irrigated acreage appear in this table

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Northern Plains - Regions and States: 2019-2023

Only states with significant irrigated acreage appear in this table

(D) Withheld to avoid disclosing data for individual operations.

(X) Not applicable

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Southeast - Region and States: 2019-2023

Only states with significant irrigated acreage appear in this table

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Delta States - Region and States: 2019-2023

Only states with significant irrigated acreage appear in this table

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Southern Plains - Region and States: 2019-2023

Only states with significant irrigated acreage appear in this table

(D) Withheld to avoid disclosing data for individual operations.

(X) Not applicable

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Mountain - Region and States: 2019-2023

Only states with significant irrigated acreage appear in this table

(D) Withheld to avoid disclosing data for individual operations.

(X) Not applicable

Arizona, Nevada, New Mexico, and Utah exclude American Indian Reservation land

Data Dictionary

Irrigated and Non-Irrigated Cropland Average Value per Acre - Pacific - Region and States: 2019-2023

Only states with significant irrigated acreage appear in this table

Data Dictionary

Pasture Average Value per Acre - Northeast - Region and States: 2019-2023

(D) Withheld to avoid disclosing data for individual operations.

(X) Not applicable

Other States Include: Connecticut, Delaware, Maine, Maryland (beginning in 2018), Massachusetts, New Hampshire, Rhode Island, and Vermont.

Data Dictionary

Pasture Average Value per Acre - Lake States - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Corn Belt - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Northern Plains - Regions and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Appalachian - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Southeast - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Delta States - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Southern Plains - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - Mountain - Region and States: 2019-2023

(D) Withheld to avoid disclosing data for individual operations.

(X) Not applicable

For states within Mountain Region (which includes Arizona, Nevada, New Mexico, and Utah): Excludes American Indian Reservation land

Data Dictionary

Pasture Average Value per Acre - Pacific - Region and States: 2019-2023

Data Dictionary

Pasture Average Value per Acre - United States: 2019-2023

United States excludes Alaska and Hawaii

Data Dictionary

Value of Farmland and Buildings - Northeast - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Lake States - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Corn Belt - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Northern Plains - Regions and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Appalachian - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Southeast - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Delta States - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Southern Plains - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - Mountain - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

For states within Mountain Region (which includes Arizona, Nevada, New Mexico, and Utah): Value of all land and buildings adjusted to include American Indian Reservation land value

Data Dictionary

Value of Farmland and Buildings - Pacific - Region and States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

Data Dictionary

Value of Farmland and Buildings - United States: 2018-2022

Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms

United States excludes Alaska and Hawaii

Data Dictionary

Agricultural Land Values | National | August 2022 - August 2023 (2024)

FAQs

Agricultural Land Values | National | August 2022 - August 2023? ›

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,080 per acre for 2023, up $280 per acre (7.4 percent) from 2022. The United States cropland value averaged $5,460 per acre, an increase of $410 per acre (8.1 percent) from the previous year.

What is the price of agriculture land in the USA? ›

The average farm real estate value is the widely reported farmland value. This year the national average is $4,080/acre, an increase of 7.4% from 2022. State-level values are also reported. The complete Land Values 2023 Summary is available from the National Agricultural Statistics Service of USDA.

What is the value of farm land in the US? ›

The value of U.S. farmland averaged $4,080 per acre, an increase of 7.4 percent over 2022 values, or 3.9 percent when adjusted for inflation.

How much farmland was lost in 2022? ›

The Census of Agriculture, conducted every 5 years by USDA, National Agricultural Statistics Service (NASS), includes producer responses to questions about their farming operations. The latest Census also reported that the total U.S. land in farms declined 2.2 percent to 880 million acres in 2022.

How much per acre in Kentucky? ›

How much is an acre of land worth in Kentucky? The average sale price for all counties in Kentucky in 2021 was $4,400 / acre.

What is the average price of an acre of land in the US? ›

How much is an acre of land? The cost of land per acre varies greatly depending on location and intended use. On average, in the United States, the cost of one acre of land is around $16,000. You can buy an acre for under $1,000 in some places, but some commercial lots and farmland can exceed $100,000 per acre.

What is the average income per acre of a farm in the US? ›

Average four-crop gross income per acre = approximately $790 per acre.

Who owns most of the agricultural land in the US? ›

People own most farmland. Some 2.6 million owners are individuals or families, and they own more than two thirds of all farm acreage. Fewer than 32,500 non family held corpor ations own farmland, and they own less than 5 percent of all U.S. farmland.

How many acres is the average farm in the US today? ›

The average farm size rose from 441 acres (178 hectares) in 2017 to 463 acres (187 hectares) in 2022. Agriculture Secretary Tom Vilsack called the survey "a wake-up call" at an event at the USDA headquarters on Tuesday.

Which four states have the highest farmland values? ›

United States Farmland Rankings
Farmland Prices Per Acre
1. new jersey$14,020
2. california$10,738
3. arizona$8,439
4. delaware$8,414
6 more rows

How much farmland does China own in the United States? ›

China owns 384,000 acres of American agricultural land. That's a 30% increase just since 2019. And on top of that, they own land near an air force base in North Dakota.

What kind of farm makes the most money? ›

Corn, soybeans account for more than half of the 2022 U.S. crop cash receipts. Crop cash receipts totaled $278.2 billion in calendar year 2022. Receipts from corn and soybeans accounted for $148.5 billion (53.4 percent) of the total.

What is the most profitable farming per acre? ›

Farming For Profit: 13 Crops That Bring In The Most Revenue
  • Mushrooms. Believe it or not, mushroom farming is a lucrative business. ...
  • Microgreens. ...
  • Ginseng. ...
  • Lavender. ...
  • Saffron. ...
  • Goji Berries. ...
  • Wasabi. ...
  • Bonsai Plants.

How many acres is considered a farm in KY? ›

According to KRS 132.010 (9)

"Agricultural land" means: Any tract of land, including all income-producing improvements, of at least ten contiguous acres in area used for the production of livestock, livestock products, poultry, poultry products and/or the growing of tobacco and/or other crops including timber.

What county in Kentucky has the most farmland? ›

The top five Kentucky counties in terms of the number of farms in 2022, according to Shell's office, were Barren, 1,621; Pulaski 1,600; Warren, 1,530; Shelby, 1,350; and Grayson, 1,283. Fayette County had 682 farms; 124,247 acres in agricultural land; and $333 million in the market value of agricultural products sold.

Why is land so expensive in Kentucky? ›

Competition from Industry Interests. In many rural Kentucky counties, big companies have bought huge quantities of land for industrial farming, distilleries, wind farms, and oil and gas interests. Small and mid-size land buyers can struggle to compete with these deep-pocketed corporate buyers who drive prices higher.

Where is the cheapest agricultural land in the US? ›

Investing in agricultural land can be a great opportunity to capitalize on the current market, with some states offering highly affordable farmland. North Dakota and Wyoming are two of the most cost-effective states for farming land, followed by Alabama and Kentucky.

Can I buy agricultural land in USA? ›

You may choose to lease, rent, or purchase land. You may also be interested in a creative approach to growing space—such as container farming, aquaponics, or rooftop farming. USDA has resources for all types of farmers!

What is the cheapest land per acre in the United States? ›

States With Cheapest Land

Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre. Mississippi has the third cheapest land in the US with a median price of $10,835 per acre.

How much is 1 acre of land worth in Texas? ›

According to Texas A&M University, an acre in Texas costs $4,426 as of the third quarter of 2022. Furthermore, the average price of farmland has increased by 11.3% since 2021 to $2,650 per acre. A typical acre of cropland is worth $2,420.

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