Land Values 2021 Summary 08/06/2021

United States

Department of

Agriculture

National

Agricultural

Statistics

Service

Land Values

2021 Summary

August 2021

ISSN: 1949-1867

Contents

Agricultural Land Values Highlights ................................................................................................................................... 4

Average Farm Real Estate Value ¨C United States: 2007-2021 Chart.................................................................................... 5

2021 Farm Real Estate Value by State ¨C Dollars per Acre and Percent Change from 2020 Map.......................................... 5

Average Cropland Value ¨C United States: 2007-2021 Chart ................................................................................................ 6

2021 Cropland Value by State ¨C Dollars per Acre and Percent Change from 2020 Map ...................................................... 6

Average Pasture Value ¨C United States: 2007-2021 Chart ................................................................................................... 7

2021 Pasture Value by State ¨C Dollars per Acre and Percent Change from 2020 Map ......................................................... 7

Farm Real Estate Average Value per Acre ¨C Regions, States, and United States: 2017-2021 .............................................. 8

Cropland Average Value per Acre ¨C Regions, States, and United States: 2017-2021 ......................................................... 10

Irrigated and Non-Irrigated Cropland Average Value per Acre ¨C States: 2017-2021 ......................................................... 12

Pasture Average Value per Acre ¨C Regions, States, and United States: 2017-2021............................................................ 14

Value of Farmland and Buildings ¨C States and United States: 2016-2020.......................................................................... 16

Economic Regions ........................................................................................................................................................... 18

Statistical Methodology ..................................................................................................................................................... 19

Terms and Definitions ....................................................................................................................................................... 20

Information Contacts ......................................................................................................................................................... 21

Land Values 2021 Summary (August 2021)

USDA, National Agricultural Statistics Service

3

Agricultural Land Values Highlights

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,3 80

per acre for 2021, up $220 per acre (7.0 percent) from 2020. The United States cropland value averaged $4,420 per acre,

an increase of $320 per acre (7.8 percent) from the previous year. The United States pasture value averaged $1,480 per

acre, an increase of $80 per acre (5.7 percent) from 2020.

4

Land Values 2021 Summary (August 2021)

USDA, National Agricultural Statistics Service

Average Farm Real Estate Value ¨C United States: 2007-2021

Dollars per acre

4,000

3,380

3,500

3,000

2,520

2,500

2,010

2,170

2,090

2,150

2008

2009

2010

2,730

2,940

3,000

2,990

3,030

3,100

2014

2015

2016

2017

2018

3,160

3,160

2019

2020

2,300

2,000

1,500

1,000

500

0

2007

2011

2012

2013

2021

USDA - NASS

August 6, 2021

Land Values 2021 Summary (August 2021)

USDA, National Agricultural Statistics Service

5

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