An annual report by the Department of Agriculture shows cropland values have remained stable this year. The USDA National Agricultural Statistics Service’s Land Values 2017 Summary shows a slight increase in average farmland value, but cropland value remained unchanged from the previous year. 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, or 2.3 percent, from 2016 values. The highest farm real estate values were in the Corn Belt region at $6,260 per acre, and the Mountain region had the lowest farm real estate value at $1,130 per acre. In the Southern Plains region, the average cropland value increased 6.0 percent from the previous year. However, in the Northern Plains region, values decreased by 4.4 percent. Also, the United States pasture value increased by $20 per acre from 2016 values.
From the National Association of Farm Broadcasting News Service.
Read the Southern Region Land Values and Cash Rent report. (.pdf)
Read the Summary for the United States. (.pdf)
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