The U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,080 per acre for 2023. That’s up $280 per acre, or 7.4 percent, from 2022.
The U.S. cropland value averaged $5,460 per acre, an increase of $410 per acre, or 8.1 percent, from the previous year. The U.S. pasture value averaged $1,760 per acre, up $110 per acre, or 6.7 percent from 2022.
(From the National Association of Farm Broadcasters)