Land Values 2020 Summary 08/06/2020

United States Department of Agriculture

National Agricultural Statistics Service

Land Values

2020 Summary

August 2020

ISSN: 1949-1867

Contents Agricultural Land Values Highlights...................................................................................................................................4 Average Farm Real Estate Value ? United States: 2006-2020 Chart....................................................................................5 2020 Farm Real Estate Value by State ? Dollars per Acre and Percent Change from 2019 Map..........................................5 Average Cropland Value ? United States: 2006-2020 Chart................................................................................................6 2020 Cropland Value by State ? Dollars per Acre and Percent Change from 2019 Map......................................................6 Average Pasture Value ? United States: 2006-2020 Chart...................................................................................................7 2020 Pasture Value by State ? Dollars per Acre and Percent Change from 2019 Map .........................................................7 Farm Real Estate Average Value per Acre ? Regions, States, and United States: 2016-2020 ..............................................8 Cropland Average Value per Acre ? Regions, States, and United States: 2016-2020.........................................................10 Irrigated and Non-Irrigated Cropland Average Value per Acre ? States: 2016-2020 .........................................................12 Pasture Average Value per Acre ? Regions, States, and United States: 2016-2020............................................................14 Value of Farmland and Buildings ? States and United States: 2015-2019..........................................................................16 Economic Regions ...........................................................................................................................................................18 Statistical Methodology.....................................................................................................................................................19 Terms and Definitions .......................................................................................................................................................20 Information Contacts.........................................................................................................................................................21

Land Values 2020 Summary (August 2020)

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USDA, National Agricultural Statistics Service

Agricultural Land Values Highlights

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2020, no change from 2019. The United States cropland value averaged $4,100 per acre, no change from the previous year. The United States pasture value averaged $1,400 per acre, no change from 2019.

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Land Values 2020 Summary (August 2020)

USDA, National Agricultural Statistics Service

AAvveerraaggee FFaarrmm RReeaallEEsstatateteVVaaluluee??UUnnitieteddSStattaetess: 2006-2020

Dollars per acre

3,500 3,000 2,500 2,000

2,940 3,000 2,990 3,030 3,100 3,160 3,160 2,730 2,520 2,010 2,170 2,090 2,150 2,300 1,830

1,500

1,000

500

0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

USDA - NASS August 6, 2020

Land Values 2020 Summary (August 2020)

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USDA, National Agricultural Statistics Service

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