Land Values 2014 Summary

United States
Department of
Agriculture
National
Agricultural
Statistics
Service

Land Values
2014 Summary
August 2014

ISSN: 1949-1867

Contents
Agricultural Land Values Highlights ...................................................................................................................................... 4
Farm Real Estate, Average Value per Acre – United States: 2005-2014 .............................................................................. 5
2014 Farm Real Estate Value by State, Dollars per Acre and Percent Change from 2013 .................................................... 5
Cropland, Average Value per Acre – United States: 2005-2014 ............................................................................................ 6
2014 Cropland Value by State, Dollars per Acre and Percent Change from 2013 ................................................................. 6
Pasture, Average Value per Acre – United States: 2005-2014 ............................................................................................... 7
2014 Pasture Value by State, Dollars per Acre and Percent Change from 2013 .................................................................... 7
Farm Real Estate, Average Value per Acre – Region, State, and United States: 2010-2014 ................................................. 8
Cropland, Average Value per Acre – Region, State, and United States: 2010-2014 ............................................................ 10
Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2010-2014 ........................................................... 12
Pasture Average Value per Acre – Region, State, and United States: 2010-2014 ................................................................ 14
Value of Farmland and Buildings – Region, State, and United States: 2009-2013 .............................................................. 16
Economic Regions ............................................................................................................................................................... 18
Statistical Methodology ........................................................................................................................................................ 19
Terms and Definitions........................................................................................................................................................... 20
Information Contacts ............................................................................................................................................................ 21

Land Values 2014 Summary (August 2014)
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
$2,950 per acre for 2014, up 8.1 percent from 2013 values. Regional changes in the average value of farm real estate
ranged from a 16.3 percent increase in the Northern Plains region to 1.1 percent increase in the Southeast region. The
highest farm real estate values were in the Corn Belt region at $6,370 per acre. The Mountain region had the lowest farm
real estate value at $1,070 per acre.
The United States cropland value increased by $290 per acre (7.6 percent) to $4,100 per acre from the previous year. In
the Northern Plains region, the average cropland value increased 13.6 from the previous year. However, in the Mountain
region, cropland values decreased by 5.1 percent.
The United States pasture value increased to $1,300 per acre, or 11.1 percent above 2013. The Southeast region had the
smallest percentage increase in pasture value, 0.5 percent above 2013. The Northern Plains had the highest increase at
26.5 percent.

4

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Average Farm Real Estate Value - United States
Dollars per acre
3,500
3,000
2,500
2,000
1,500
1,000
500
0
2005

2006

2007

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

2008

2009

2010

2011

2012

2013

2014

5

Average Cropland Value - United States
Dollars per acre
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
2005

6

2006

2007

2008

2009

2010

2011

2012

2013

2014

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Average Pasture Value - United States
Dollars per acre
1400
1200
1000
800
600
400
200
0
2005

2006

2007

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

2008

2009

2010

2011

2012

2013

2014

7

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2010-2014
Region and state

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Northeast ........................................
Connecticut .................................
Delaware .....................................
Maine ..........................................
Maryland .....................................
Massachusetts ............................
New Hampshire ..........................
New Jersey .................................
New York ....................................
Pennsylvania ...............................
Rhode Island ...............................
Vermont ......................................

4,690
11,500
8,130
2,050
6,980
11,200
4,690
13,100
2,400
5,050
14,600
2,900

4,690
11,600
8,140
2,080
6,870
10,900
4,560
12,800
2,450
5,070
14,400
2,980

4,790
11,200
8,150
2,070
6,760
10,400
4,440
12,300
2,650
5,300
13,800
3,060

4,850
11,100
8,170
2,100
6,930
10,400
4,310
12,800
2,600
5,430
13,800
3,200

4,930
11,200
8,180
2,080
6,900
10,400
4,280
12,800
2,700
5,600
13,700
3,260

1.6
0.9
0.1
-1.0
-0.4
-0.7
3.8
3.1
-0.7
1.9

Lake ................................................
Michigan .....................................
Minnesota ...................................
Wisconsin ...................................

3,220
3,490
2,870
3,650

3,450
3,600
3,160
3,880

3,880
3,890
3,740
4,110

4,240
4,300
4,300
4,100

4,640
4,700
4,750
4,400

9.4
9.3
10.5
7.3

Corn Belt .........................................
Illinois ..........................................
Indiana ........................................
Iowa ............................................
Missouri ......................................
Ohio ............................................

3,830
4,720
4,170
4,350
2,270
3,850

4,460
5,390
5,070
5,410
2,420
4,160

5,190
6,210
5,840
6,530
2,710
4,640

5,880
7,100
6,400
7,700
2,850
5,100

6,370
7,520
6,950
8,500
3,100
5,550

8.3
5.9
8.6
10.4
8.8
8.8

Northern Plains ...............................
Kansas ........................................
Nebraska ....................................
North Dakota ...............................
South Dakota ..............................

1,080
1,060
1,470
821
945

1,290
1,240
1,840
930
1,090

1,620
1,510
2,420
1,160
1,330

1,960
1,750
2,800
1,550
1,690

2,280
2,050
3,120
1,820
2,070

16.3
17.1
11.4
17.4
22.5

Appalachian ....................................
Kentucky .....................................
North Carolina .............................
Tennessee ..................................
Virginia ........................................
West Virginia ...............................

3,480
2,780
4,120
3,460
4,500
2,330

3,520
2,750
4,340
3,510
4,350
2,580

3,530
2,840
4,330
3,520
4,260
2,540

3,610
3,020
4,340
3,570
4,310
2,550

3,690
3,150
4,510
3,600
4,320
2,560

2.2
4.3
3.9
0.8
0.2
0.4

See footnote(s) at end of table.

8

--continued

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2010-2014 (continued)
Region and state

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Southeast ........................................
Alabama ......................................
Florida .........................................
Georgia ........................................
South Carolina .............................

3,630
2,300
5,090
3,770
2,950

3,610
2,340
5,130
3,610
2,980

3,530
2,390
5,160
3,260
3,010

3,590
2,500
5,200
3,300
2,980

3,630
2,600
5,250
3,300
3,010

1.1
4.0
1.0
1.0

Delta ................................................
Arkansas .....................................
Louisiana .....................................
Mississippi ...................................

2,210
2,400
2,050
2,080

2,300
2,440
2,200
2,200

2,440
2,620
2,400
2,250

2,520
2,700
2,550
2,270

2,640
2,850
2,670
2,340

4.8
5.6
4.7
3.1

Southern Plains ...............................
Oklahoma ....................................
Texas ...........................................

1,520
1,200
1,600

1,580
1,260
1,670

1,620
1,370
1,690

1,630
1,450
1,680

1,790
1,580
1,850

9.8
9.0
10.1

Mountain ..........................................
Arizona 1 ......................................
Colorado ......................................
Idaho ...........................................
Montana ......................................
Nevada 1 ......................................
New Mexico 1 ...............................
Utah 1 ..........................................
Wyoming .....................................

902
3,390
1,080
2,110
700
997
460
1,810
540

899
3,330
1,100
2,060
710
995
470
1,800
560

953
3,370
1,170
2,140
760
1,040
520
1,800
590

1,010
3,500
1,280
2,220
790
1,040
500
1,900
600

1,070
3,740
1,350
2,360
860
1,080
540
2,030
630

5.9
6.9
5.5
6.3
8.9
3.8
8.0
6.8
5.0

Pacific ..............................................
California .....................................
Oregon ........................................
Washington ..................................

4,070
6,660
1,830
2,030

4,100
6,670
1,900
2,060

4,270
6,880
1,960
2,260

4,290
6,900
1,970
2,300

4,520
7,300
2,050
2,500

5.4
5.8
4.1
8.7

United States 2 .................................

2,150

2,300

2,520

2,730

2,950

8.1

- Represents zero.
1
Excludes American Indian Reservation land.
2
Excludes Alaska and Hawaii.

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

9

Cropland, Average Value per Acre – Region, State, and United States: 2010-2014
Region and state

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Northeast ........................................
Delaware .....................................
Maryland .....................................
New Jersey .................................
New York ....................................
Pennsylvania ...............................
Other States 1 .............................

5,270
7,930
6,790
13,300
2,400
5,710
7,220

5,200
7,840
6,680
12,900
2,400
5,630
7,170

5,280
7,850
6,570
12,400
2,600
5,760
7,120

5,260
7,870
6,470
12,900
2,550
5,840
7,060

5,260
7,880
6,470
13,000
2,530
5,840
7,020

0.1
0.8
-0.8
-0.6

Lake ................................................
Michigan .....................................
Minnesota ...................................
Wisconsin ...................................

3,010
3,160
2,710
3,550

3,310
3,370
3,070
3,780

3,790
3,660
3,740
4,000

4,240
4,120
4,390
4,010

4,670
4,500
4,870
4,350

10.1
9.2
10.9
8.5

Corn Belt .........................................
Illinois ..........................................
Indiana ........................................
Iowa ............................................
Missouri ......................................
Ohio ............................................

4,090
4,720
4,270
4,450
2,600
3,900

4,810
5,480
5,070
5,600
2,790
4,160

5,600
6,300
5,840
6,810
3,120
4,640

6,470
7,190
6,590
8,000
3,500
5,190

7,000
7,700
7,050
8,750
3,810
5,650

8.2
7.1
7.0
9.4
8.9
8.9

Northern Plains ...............................
Kansas ........................................
Nebraska ....................................
North Dakota ...............................
South Dakota ..............................

1,410
1,110
2,430
840
1,520

1,730
1,340
3,130
987
1,790

2,210
1,650
4,190
1,260
2,200

2,720
1,930
4,860
1,750
2,840

3,090
2,260
5,180
2,050
3,430

13.6
17.1
6.6
17.1
20.8

Appalachian ....................................
Kentucky .....................................
North Carolina .............................
Tennessee ..................................
Virginia ........................................
West Virginia ...............................

3,490
3,070
3,650
3,310
4,600
3,300

3,440
3,080
3,610
3,270
4,350
3,340

3,550
3,210
3,850
3,260
4,500
3,250

3,690
3,430
4,050
3,340
4,450
3,200

3,780
3,550
4,200
3,400
4,460
3,210

2.4
3.5
3.7
1.8
0.2
0.3

See footnote(s) at end of table.

10

--continued

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Cropland, Average Value per Acre – Region, State, and United States: 2010-2014 (continued)
Region and State

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Southeast ........................................
Alabama ......................................
Florida .........................................
Georgia ........................................
South Carolina .............................

3,800
2,630
6,550
3,390
2,560

3,810
2,680
6,580
3,360
2,590

3,710
2,750
6,420
3,130
2,620

3,690
2,750
6,450
3,080
2,440

3,730
2,850
6,500
3,080
2,460

1.1
3.6
0.8
0.8

Delta ................................................
Arkansas .....................................
Louisiana .....................................
Mississippi ...................................

1,890
1,910
1,800
1,950

2,020
1,990
1,970
2,100

2,160
2,180
2,120
2,180

2,380
2,380
2,260
2,470

2,510
2,540
2,380
2,570

5.5
6.7
5.3
4.0

Southern Plains ...............................
Oklahoma ....................................
Texas ...........................................

1,400
1,130
1,510

1,450
1,130
1,580

1,500
1,280
1,590

1,480
1,390
1,520

1,630
1,500
1,680

10.1
7.9
10.5

Mountain ..........................................
Arizona 2 ......................................
Colorado ......................................
Idaho ...........................................
Montana ......................................
Nevada 2 ......................................
New Mexico 2 ...............................
Utah 2 ..........................................
Wyoming .....................................

1,520
7,750
1,290
2,480
779
(D)
1,750
2,720
1,230

1,540
7,610
1,340
2,470
806
(D)
1,740
2,690
1,320

1,600
7,960
1,450
2,580
852
(D)
1,550
2,690
1,360

1,780
8,290
1,770
2,850
890
(D)
1,450
3,230
1,360

1,690
8,320
1,840
3,040
987
2,670
1,450
3,260
1,370

-5.1
0.4
4.0
6.7
10.9
(X)
0.9
0.7

Pacific ..............................................
California .....................................
Oregon ........................................
Washington ..................................

4,980
8,960
2,210
1,870

5,070
9,130
2,180
1,930

5,310
9,400
2,340
2,190

5,690
9,860
2,400
2,420

5,860
10,140
2,500
2,560

3.0
2.8
4.2
5.8

United States 3 .................................

2,700

2,980

3,350

3,810

4,100

7.6

- Represents zero.
(D) Withheld to avoid disclosing data for individual operations.
(X) Not applicable.
1
Includes: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
2
Excludes American Indian Reservation land.
3
Excludes Alaska and Hawaii.

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

11

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2010-2014
[Only States with significant irrigated acreage appear in this table]
Region, State,
and land type

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Corn Belt
Missouri all cropland ....................................
Irrigated ..................................................
Non-irrigated ..........................................

2,600
3,140
2,560

2,790
3,320
2,750

3,120
3,640
3,080

3,500
4,140
3,450

3,810
4,750
3,730

8.9
14.7
8.1

Northern Plains
Kansas all cropland ......................................
Irrigated ..................................................
Non-irrigated ..........................................

1,110
1,540
1,060

1,340
1,810
1,290

1,650
2,250
1,590

1,930
2,760
1,840

2,260
3,280
2,150

17.1
18.8
16.8

Nebraska all cropland ..................................
Irrigated ..................................................
Non-irrigated ..........................................

2,430
3,050
2,030

3,130
4,080
2,510

4,190
5,610
3,270

4,860
6,700
3,730

5,180
7,100
4,000

6.6
6.0
7.2

South Dakota all cropland ............................
Irrigated ..................................................
Non-irrigated ..........................................

1,520
(D)
1,510

1,790
(D)
1,780

2,200
(D)
2,190

2,840
(D)
2,820

3,430
(D)
3,400

20.8
(X)
20.6

Southeast
Florida all cropland .......................................
Irrigated ..................................................
Non-irrigated ..........................................

6,550
7,100
6,040

6,580
7,090
6,110

6,420
7,180
5,720

6,450
7,280
5,660

6,500
7,430
5,630

0.8
2.1
-0.5

Georgia all cropland .....................................
Irrigated ..................................................
Non-irrigated ..........................................

3,390
3,090
3,480

3,360
3,140
3,420

3,130
2,980
3,170

3,080
3,120
3,070

3,080
3,430
2,950

9.9
-3.9

Delta
Arkansas all cropland ...................................
Irrigated ..................................................
Non-irrigated ..........................................

1,910
2,160
1,630

1,990
2,300
1,640

2,180
2,530
1,790

2,380
2,790
1,760

2,540
3,000
1,840

6.7
7.5
4.5

Louisiana all cropland ..................................
Irrigated ..................................................
Non-irrigated ..........................................

1,800
1,700
1,830

1,970
1,850
2,000

2,120
2,000
2,150

2,260
2,150
2,300

2,380
2,270
2,420

5.3
5.6
5.2

Mississippi all cropland .................................
Irrigated ..................................................
Non-irrigated ..........................................

1,950
2,020
1,930

2,100
2,330
2,020

2,180
2,440
2,090

2,470
2,760
2,330

2,570
2,930
2,390

4.0
6.2
2.6

Southern Plains
Oklahoma all cropland .................................
Irrigated ..................................................
Non-irrigated ..........................................

1,130
(D)
1,120

1,130
(D)
1,120

1,280
(D)
1,270

1,390
(D)
1,370

1,500
(D)
1,480

7.9
(X)
8.0

Texas all cropland ........................................
Irrigated ..................................................
Non-irrigated ..........................................

1,510
1,680
1,480

1,580
1,670
1,560

1,590
1,660
1,580

1,520
1,700
1,490

1,680
1,880
1,650

10.5
10.6
10.7

See footnote(s) at end of table.

12

--continued

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2010-2014 (continued)
[Only States with significant irrigated acreage appear in this table]
Region, State,
and land type

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Mountain
Arizona all cropland 1 .............................................
Irrigated ...........................................................

7,750
7,750

7,610
7,610

7,960
7,960

8,290
8,290

8,320
8,320

0.4
0.4

Colorado all cropland .............................................
Irrigated ...........................................................
Non-irrigated ....................................................

1,290
3,100
840

1,340
3,160
880

1,450
3,400
960

1,770
4,100
1,200

1,840
4,450
1,200

4.0
8.5
-

Idaho all cropland ..................................................
Irrigated ...........................................................
Non-irrigated ....................................................

2,480
3,820
1,230

2,470
3,820
1,210

2,580
4,040
1,210

2,850
4,240
1,310

3,040
4,600
1,320

6.7
8.5
0.8

Montana all cropland .............................................
Irrigated ...........................................................
Non-irrigated ....................................................

779
2,690
600

806
2,690
630

852
2,690
680

890
2,780
710

987
2,950
800

10.9
6.1
12.7

Nevada all cropland 1 .............................................
Irrigated ...........................................................

(D)
(D)

(D)
(D)

(D)
(D)

(D)
(D)

2,670
2,670

(X)
(X)

New Mexico all cropland 1 ......................................
Irrigated ...........................................................
Non-irrigated ....................................................

1,750
5,290
390

1,740
5,190
410

1,550
4,450
430

1,450
3,910
400

1,450
3,930
390

0.5
-2.5

Utah all cropland 1 ..................................................
Irrigated ...........................................................
Non-irrigated ....................................................

2,720
5,050
1,040

2,690
5,000
1,030

2,690
5,000
1,030

3,230
5,200
1,100

3,260
5,250
1,120

0.9
1.0
1.8

Wyoming all cropland .............................................
Irrigated ...........................................................
Non-irrigated ....................................................

1,230
2,010
720

1,320
2,140
(D)

1,360
2,170
(D)

1,360
2,140
(D)

1,370
2,190
780

0.7
2.3
(X)

Pacific
California all cropland ............................................
Irrigated ...........................................................
Non-irrigated ....................................................

8,960
10,900
3,420

9,130
11,100
3,480

9,400
11,500
3,390

9,860
11,800
3,400

10,140
12,100
3,650

2.8
2.5
7.4

Oregon all cropland ...............................................
Irrigated ...........................................................
Non-irrigated ....................................................

2,210
3,520
1,730

2,180
3,470
1,710

2,340
3,920
1,770

2,400
3,940
1,830

2,500
4,140
1,900

4.2
5.1
3.8

Washington all cropland .........................................
Irrigated ...........................................................
Non-irrigated ....................................................

1,870
4,650
1,140

1,930
5,130
1,080

2,190
6,190
1,130

2,420
7,240
1,170

2,560
7,670
1,230

5.8
5.9
5.1

- Represents zero.
(D) Withheld to avoid disclosing data for individual operations.
(X) Not applicable.
1
Excludes American Indian Reservation land.

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

13

Pasture Average Value per Acre – Region, State, and United States: 2010-2014
Region and State

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Northeast ........................................
Maryland .....................................
New Jersey .................................
New York ....................................
Pennsylvania ...............................
Other States 1 .............................

3,170
(D)
14,200
1,100
2,530
5,800

3,220
(D)
14,000
1,200
2,640
5,730

3,240
(D)
13,600
1,250
2,650
5,760

3,370
(D)
13,500
1,240
2,770
5,840

3,460
6,000
13,500
1,330
2,900
5,790

2.7
(X)
7.3
4.7
-0.9

Lake ................................................
Michigan .....................................
Minnesota ...................................
Wisconsin ...................................

1,710
2,290
1,340
2,000

1,710
2,340
1,320
2,000

1,740
2,290
1,390
2,010

1,870
2,420
1,580
2,000

1,950
2,500
1,600
2,150

4.3
3.3
1.3
7.5

Corn Belt .........................................
Illinois ..........................................
Indiana ........................................
Iowa ............................................
Missouri ......................................
Ohio ............................................

1,900
2,500
2,340
2,030
1,600
2,890

2,000
2,650
2,390
2,520
1,610
2,840

2,130
2,870
2,450
2,800
1,700
2,970

2,290
3,370
2,500
3,220
1,790
3,010

2,360
3,400
2,550
3,400
1,850
3,100

3.1
0.9
2.0
5.6
3.4
3.0

Northern Plains ...............................
Kansas ........................................
Nebraska ....................................
North Dakota ...............................
South Dakota ..............................

502
761
459
357
429

531
773
503
389
453

648
938
617
458
561

754
1,150
643
578
667

954
1,300
900
750
860

26.5
13.0
40.0
29.8
28.9

Appalachian ....................................
Kentucky .....................................
North Carolina .............................
Tennessee ..................................
Virginia ........................................
West Virginia ...............................

3,240
2,360
4,410
3,510
4,400
1,840

3,170
2,290
4,590
3,460
4,060
2,010

3,110
2,330
4,330
3,410
3,920
1,980

3,210
2,560
4,530
3,380
3,930
1,990

3,280
2,700
4,760
3,400
3,930
2,000

2.2
5.5
5.1
0.6
0.5

See footnote(s) at end of table.

14

--continued

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Pasture, Average Value per Acre – Region, State, and United States: 2010-2014 (continued)
Region and State

2010

2011

2012

2013

2014

Change
2013-2014

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Southeast ........................................
Alabama ......................................
Florida .........................................
Georgia ........................................
South Carolina .............................

4,190
1,810
5,360
5,220
2,950

3,900
1,830
4,910
4,750
2,980

3,700
1,850
4,820
3,910
2,960

3,770
2,000
4,850
3,850
2,820

3,790
2,100
4,910
3,650
2,900

0.5
5.0
1.2
-5.2
2.8

Delta ................................................
Arkansas .....................................
Louisiana .....................................
Mississippi ...................................

2,110
2,210
2,100
1,980

2,120
2,160
2,200
2,000

2,130
2,110
2,300
2,030

2,190
2,160
2,400
2,070

2,270
2,240
2,500
2,110

3.7
3.7
4.2
1.9

Southern Plains ...............................
Oklahoma ....................................
Texas ...........................................

1,300
987
1,370

1,350
985
1,430

1,390
1,060
1,460

1,410
1,210
1,450

1,540
1,360
1,580

9.2
12.4
9.0

Mountain ..........................................
Arizona 2 ......................................
Colorado ......................................
Idaho ...........................................
Montana ......................................
Nevada 2 ......................................
New Mexico 2 ...............................
Utah 2 ..........................................
Wyoming .....................................

518
920
650
1,260
530
(D)
280
920
420

523
(D)
640
1,230
530
(D)
290
920
450

550
(D)
640
1,220
570
(D)
330
920
480

594
(D)
680
1,220
580
(D)
320
950
470

611
940
760
1,220
640
(D)
360
1,050
490

2.9
(X)
11.8
10.3
(X)
12.5
10.5
4.3

Pacific ..............................................
California .....................................
Oregon ........................................
Washington ..................................

1,660
2,790
650
810

1,620
2,710
640
810

1,590
2,680
600
800

1,590
2,650
620
800

1,610
2,700
630
810

1.3
1.9
1.6
1.3

United States 3 .................................

1,060

1,070

1,110

1,170

1,300

11.1

- Represents zero.
(D) Withheld to avoid disclosing data for individual operations.
(X) Not applicable.
1
Includes: Connecticut, Delaware, Maine, Maryland (excludes 2014), Massachusetts, New Hampshire, Rhode Island, and Vermont.
2
Excludes American Indian Reservation land.
3
Excludes Alaska and Hawaii.

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

15

Value of Farmland and Buildings – Region, State, and United States: 2009-2013
[Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms]
Total value of land and buildings
Region and State

2009

2010

2011

2012

2013

Change
2012-2013

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(percent)

Northeast ........................................
Connecticut .................................
Delaware .....................................
Maine ..........................................
Maryland .....................................
Massachusetts ............................
New Hampshire ..........................
New Jersey .................................
New York ....................................
Pennsylvania ...............................
Rhode Island ...............................
Vermont ......................................

5,040
4,366
2,982
15,203
6,240
2,242
9,936
17,040
39,424
1,106
3,542

4,715
4,065
2,870
14,309
5,936
2,204
9,301
17,040
38,633
1,022
3,596

4,872
4,151
2,912
14,015
5,777
2,098
9,216
17,395
38,380
1,008
3,695

4,928
4,157
3,002
13,723
5,408
2,087
8,856
19,027
40,810
966
3,825

4,884
4,085
3,150
14,207
5,408
2,026
9,216
18,720
41,811
966
4,000

-0.9
-1.7
4.9
3.5
-2.9
4.1
-1.6
2.5
4.6

Lake States .....................................
Michigan .....................................
Minnesota ...................................
Wisconsin ...................................

36,590
74,465
55,130

34,830
75,481
53,655

36,000
82,476
56,648

38,706
97,240
60,006

42,785
111,370
59,860

10.5
14.5
-0.2

Corn Belt .........................................
Illinois ..........................................
Indiana ........................................
Iowa ............................................
Missouri ......................................
Ohio ............................................

119,705
58,568
116,046
62,208
52,807

126,968
61,674
133,110
65,149
53,284

145,530
74,529
165,546
68,970
57,408

167,049
85,848
199,818
76,693
64,960

190,990
94,080
235,620
80,940
71,400

14.3
9.6
17.9
5.5
9.9

Northern Plains ...............................
Kansas ........................................
Nebraska ....................................
North Dakota ...............................
South Dakota ..............................

46,662
60,060
30,373
38,237

48,972
66,738
32,430
41,013

57,164
83,536
36,735
47,197

69,611
109,626
45,588
57,589

80,675
126,840
60,915
73,177

15.9
15.7
33.6
27.1

Appalachian ....................................
Kentucky .....................................
North Carolina .............................
Tennessee ..................................
Virginia ........................................
West Virginia ...............................

37,800
35,785
35,534
38,475
8,732

37,252
34,608
37,368
36,900
8,388

36,300
36,022
37,908
35,670
9,288

36,920
36,415
38,368
35,358
9,169

39,260
36,456
38,913
35,773
9,180

6.3
0.1
1.4
1.2
0.1

See footnote(s) at end of table.

16

--continued

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Value of Farmland and Buildings – Region, State, and United States: 2009-2013 (continued)
[Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms]
Total value of land and buildings
Region and state

2009

2010

2011

2012

2013

Change
2012-2013

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(percent)

Southeast ........................................
Alabama ......................................
Florida .........................................
Georgia ........................................
South Carolina .............................

20,025
49,555
39,494
14,357

20,470
47,846
36,569
14,750

20,826
48,479
35,017
14,900

21,271
49,278
31,296
14,960

22,500
49,660
31,350
14,811

5.8
0.8
0.2
-1.0

Delta States .....................................
Arkansas .....................................
Louisiana .....................................
Mississippi ...................................

32,058
15,662
21,816

32,880
16,298
22,672

33,428
17,270
23,980

36,156
18,960
24,525

37,260
20,018
24,743

3.1
5.6
0.9

Southern Plains ...............................
Oklahoma ....................................
Texas ...........................................

40,135
201,807

41,640
210,560

43,344
219,605

47,128
220,038

49,880
218,568

5.8
-0.7

Mountain ..........................................
Arizona 1 ......................................
Colorado ......................................
Idaho ...........................................
Montana ......................................
Nevada 1 ......................................
New Mexico 1 ...............................
Utah 1 ..........................................
Wyoming .....................................

15,846
34,430
25,300
42,350
4,882
18,861
12,773
15,900

13,298
34,020
24,265
42,420
4,877
18,597
12,840
16,200

13,796
34,760
23,896
43,097
4,838
18,814
12,773
16,800

17,960
37,323
25,252
45,448
5,071
20,641
12,773
17,936

18,506
40,576
26,196
47,163
5,113
19,929
13,439
18,120

3.0
8.7
3.7
3.8
0.8
-3.4
5.2
1.0

Pacific ..............................................
California .....................................
Oregon ........................................
Washington ..................................

167,790
28,851
29,054

169,830
29,646
29,638

170,752
30,780
30,076

176,128
31,948
33,222

175,950
32,505
34,040

-0.1
1.7
2.5

United States 2 .................................

1,845,244

1,890,827

2,027,677

2,223,067

2,397,034

7.8

- Represents zero.
1
Value of all land and buildings adjusted to include American Indian Reservation land value.
2
Excludes Alaska and Hawaii.

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

17

Economic Regions:
Northeast:

Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire,
New Jersey, New York, Pennsylvania, Rhode Island, Vermont.

Lake States:

Michigan, Minnesota, Wisconsin.

Corn Belt:

Illinois, Indiana, Iowa, Missouri, Ohio.

Northern Plains:

Kansas, Nebraska, North Dakota, South Dakota.

Appalachian:

Kentucky, North Carolina, Tennessee, Virginia, West Virginia.

Southeast:

Alabama, Florida, Georgia, South Carolina.

Delta States:

Arkansas, Louisiana, Mississippi.

Southern Plains:

Oklahoma, Texas.

Mountain:

Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming.

Pacific:

California, Oregon, Washington.

18

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Statistical Methodology
Survey Procedures: The estimates of land values in this report are based primarily on the June Area Survey, conducted
during the first two weeks of June. This annual survey uses a complete, probability-based land-area sampling frame. A
sample of approximately 11,000 segments of land is selected, each approximately one square mile in size.
Enumerators collecting data for the June Area Survey contact all agricultural producers operating land within the
boundaries of the sampled land segments and record land value information for cropland and pasture within these
segments. They also collect an estimated value of all land and buildings for the operator’s entire farming operation and the
estimated percent change from the previous year.
Survey reported data are reviewed for reasonableness and consistency by comparing with other data reported in the survey
and with data reported within the segment the previous year.
Estimating Procedures: Once the data are summarized, each Regional Field Office (RFO) conducts an analysis of the
summarized indications and any other available information for their States. RFOs then set estimates for land values and
submit these recommendations along with their assessment of survey and other administrative information to the
Agricultural Statistics Board (ASB).
Survey data are also summarized for Regional and National levels and reviewed independently of each State’s review.
National targets are established by the ASB. After RFO recommendations are submitted, the ASB reviews the RFO
estimates and supporting comments and any conflicts with targeted National levels are resolved.
The Regional and US estimates are weighted by the amount of cropland and pasture in each state, based on the most
recent Census of Agriculture. For the purposes of this report, cropland pastured is defined as cropland.
Published Estimates: State averages are not published for States with limited reports to ensure confidentiality of
individual operations.
Revision Policy: For non-census years land values are subject to an annual revision the following year. After the 5-year
Census of Agriculture is completed, land value estimates for the non-census years are subject to a final historic revision.
The basis for revision must be supported by additional data that directly affect the level of the estimate.

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

19

Terms and Definitions
Farm: Any establishment from which $1,000 or more of agricultural products were sold or would normally be sold
during the year. Government payments are included in sales.
Farm real estate value: The value at which all land and buildings used for agriculture production including dwellings,
could be sold under current market conditions, if allowed to remain on the market for a reasonable amount of time.
Cropland value: The value of land used to grow field crops, vegetables or land harvested for hay. Land that switches
back and forth between cropland and pasture should be valued as cropland. Hay land, idle cropland and cropland enrolled
in government conservation programs should be valued as cropland.
Irrigated cropland value: The value of land that normally receives or has the potential to receive water by artificial
means to supplement natural rainfall. Irrigated cropland may consist of both land that will or will not be irrigated during
the current year, but still has the facilities and equipment to do so. Irrigation facilities and equipment such as wells,
pumps, canals, ditches, reservoirs, lakes, tanks, ponds, rivers, streams or creeks are usually present or on nearby acres.
Non-irrigated cropland value: The value of land that only receives water by natural rainfall.
Pasture, grazing and grassland value: The value of land that is normally grazed by livestock. Pasture does not need to
have livestock grazing on it at the time of interview or during the current year in order to be valued as pasture or grazing
land.

20

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

Information Contacts
Listed below are the commodity statisticians in the Environmental, Economics, and Demographics Branch of the National
Agricultural Statistics Service to contact for additional information. E-mail inquiries may be sent to [email protected].
Troy Joshua, Chief, Environmental, Economics, and Demographics Branch ................................................. (202) 720-6146
Tony Dorn, Head, Economics Section ............................................................................................................. (202) 690-3223
Rachel Antzak – Cash Receipts, Land Values .......................................................................................... (202) 720-5446
Daryl Brinkman – Prices Received, Prices Received Indexes .................................................................. (202) 720-8844
Tynesha Boomer – Agricultural Resource Management Survey (ARMS) ............................................... (202) 690-1052
Kuan Chen – Prices, Prices Research ........................................................................................................ (202) 690-3347
Chris Dickerson – Prices Received, Prices Received Indexes .................................................................. (202) 690-1348
Mark Gorsak – Prices, Prices Research .................................................................................................... (202) 720-2250
Judy McDermott – Prices Paid, Prices Paid Indexes ................................................................................. (202) 690-3225
Michael Mathison – Agriculture Resource Management Survey (ARMS)............................................... (202) 720-3243
Joe Hagedorn – Cash Rents, Grazing Fees ................................................................................................ (202) 690-3231
Scott Shimmin, Head, Environmental and Demographics Section.................................................................. (202) 690-0684
Liana Cuffman – Chemical Use, American Indians, Census .................................................................... (202) 690-0392
David Colwell – Census of Agricultural Industrial Reports...................................................................... (202) 690-3233
Doug Farmer – Census .............................................................................................................................. (202) 720-7492
Steve Peterson – Farms, Land in Farms, Census ....................................................................................... (202) 720-5581
Jackie Ross – Census ................................................................................................................................. (202) 720-7644
Theresa Varner – Farm Labor, Chemical Use ........................................................................................... (202) 690-2284

Land Values 2014 Summary (August 2014)
USDA, National Agricultural Statistics Service

21

Released August 1, 2014, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board,
United States Department of Agriculture (USDA).
Access to NASS Reports
For your convenience, you may access NASS reports and products the following ways:
 All reports are available electronically, at no cost, on the NASS web site: http://www.nass.usda.gov
 Both national and state specific reports are available via a free e-mail subscription. To set-up this free
subscription, visit http://www.nass.usda.gov and in the “Follow NASS” box under “Receive reports by Email,”
click on “National” or “State” to select the reports you would like to receive.
For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540,
7:30 a.m. to 4:00 p.m. ET, or e-mail: [email protected].

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