Agricultural Land Value and Cash Rent Highlights
The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,080 per acre for 2017, up $70 per acre from 2016 values. The average value of farm real estate was up in the Southeast region.
- Alabama farm real estate values increased $150 per acre (1.9 percent).
- Florida values were up $300 (5.6 percent).
- Georgia rose $150 per acre (4.4 percent).
- Farm real estate values in South Carolina were unchanged from 2016.
Cash rent paid to landlords for all cropland in the United States at $136 is unchanged from 2016. Cash rent for pasture decreased $0.50 per acre to $12.50. In Alabama, cash rent for cropland in 2017 averaged $58 per acre, an increase of $1.00 from last year. Cash rent for cropland in Florida increased $21 to $123 per acre. Georgia cash rent for cropland rose $12 to $120 per acre. In South Carolina, cash rent for cropland for 2017 increased $1.00 to $46.50 per acre. Do a West Virginia background check before renting out a property to a tenant.
Read the Southern Region Land Values and Cash Rent report. (.pdf)
Read the Summary for the United States. (.pdf)
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