Land Values - Publication

United States
Department of
Agriculture
National
Agricultural
Statistics
Service

Land Values
2017 Summary
August 2017

ISSN: 1949-1867

Contents
Agricultural Land Values Highlights ...................................................................................................................................... 4
Average Farm Real Estate Value – United States: 2003-2017 Chart ..................................................................................... 5
2017 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2016 Map .......................................... 5
Average Cropland Value – United States: 2003-2017 Chart .................................................................................................. 6
2017 Cropland Value by State – Dollars per Acre and Percent Change from 2016 Map ....................................................... 6
Average Pasture Value – United States: 2003-2017 Chart ..................................................................................................... 7
2017 Pasture Value by State – Dollars per Acre and Percent Change from 2016 Map .......................................................... 7
Farm Real Estate, Average Value per Acre – Region, State, and United States: 2013-2017 ................................................. 8
Cropland, Average Value per Acre – Region, State, and United States: 2013-2017 ............................................................ 10
Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2013-2017 ........................................................... 12
Pasture Average Value per Acre – Region, State, and United States: 2013-2017 ................................................................ 14
Value of Farmland and Buildings – Region, State, and United States: 2012-2016 .............................................................. 16
Economic Regions ............................................................................................................................................................... 18
Statistical Methodology ........................................................................................................................................................ 19
Terms and Definitions........................................................................................................................................................... 20
Information Contacts ............................................................................................................................................................ 21

Land Values 2017 Summary (August 2017)
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
$3,080 per acre for 2017, up $70 per acre (2.3 percent) from 2016 values. Regional changes in the average value of farm
real estate ranged from a 8.7 percent increase in the Pacific region to 1.8 percent decrease in the Northern Plains region.
The highest farm real estate values were in the Corn Belt region at $6,260 per acre. The Mountain region had the lowest
farm real estate value at $1,130 per acre.
The United States cropland value remained unchanged at $4,090 per acre from the previous year. In the Southern Plains
region, the average cropland value increased 6.0 percent from the previous year. However, in the Northern Plains region,
cropland values decreased by 4.4 percent.
The United States pasture value increased by $20 per acre (1.5 percent) from 2016 values. The Delta region had the
highest increase of 2.9 percent from 2016. The largest decrease, at 1.7 percent, was in the Corn Belt region.

4

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Average Farm Real Estate Value – United States
Dollars per acre
3,500

3,080
2,950 3,020 3,010

3,000

2,730
2,520

2,500
1,830

2,000
1,500

2,170 2,090 2,150
2,010

2,300

1,610
1,270 1,340

1,000
500
0
2003

2004 2005 2006

2007 2008 2009 2010

2011 2012 2013 2014

2015 2016 2017

USDA - NASS
August 3, 2017

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

5

Average Cropland Value – United States
Dollars per acre
4,500

4,100 4,130 4,090 4,090
3,810

4,000
3,350

3,500
3,000
2,300

2,500
2,000

2,530

2,980

2,760

2,640 2,700

2008

2009

2,060
1,660 1,750

1,500
1,000
500
0
2003

2004

2005

2006

2007

2010

2011

2012

2013

2014

2015

2016

2017

USDA - NASS
August 3, 2017

6

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Average Pasture Value – United States
Dollars per acre

1,350
1,300 1,330 1,330

1,400
1,200
960

1,000

1,090 1,060 1,060 1,070 1,110
1,030

1,170

740

800
605

630

2003

2004

600
400
200
0
2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

USDA - NASS
August 3, 2017

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

7

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2013-2017
Region and state

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

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

5,020
11,300
8,180
2,090
7,000
10,400
4,280
13,000
3,000
5,500
13,800
3,300

5,010
11,200
8,400
2,090
7,060
10,400
4,350
12,800
2,980
5,500
13,800
3,320

5,050
11,200
8,400
2,200
7,060
10,400
4,500
12,800
2,980
5,600
13,800
3,360

0.8
5.3
3.4
1.8
1.2

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

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

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

4,740
4,900
4,700
4,700

4,730
4,800
4,700
4,750

4,890
4,800
4,750
5,200

3.4
1.1
9.5

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

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

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

6,350
7,500
7,150
8,000
3,350
5,750

6,290
7,400
7,150
7,850
3,400
5,700

6,260
7,300
7,000
8,000
3,350
5,650

-0.5
-1.4
-2.1
1.9
-1.5
-0.9

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

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

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

2,340
2,030
3,050
1,920
2,320

2,240
1,880
2,950
1,830
2,250

2,200
1,850
2,900
1,840
2,180

-1.8
-1.6
-1.7
0.5
-3.1

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

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

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

3,730
3,250
4,500
3,650
4,320
2,600

3,760
3,350
4,450
3,700
4,300
2,570

3,800
3,420
4,450
3,750
4,350
2,570

1.1
2.1
1.4
1.2
-

See footnote(s) at end of table.

8

--continued

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2013-2017 (continued)
Region and state

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

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

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

3,670
2,630
5,400
3,270
3,010

3,730
2,700
5,400
3,400
3,000

3,870
2,750
5,700
3,550
3,000

3.8
1.9
5.6
4.4
-

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

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

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

2,780
3,050
2,800
2,420

2,820
3,050
2,900
2,470

2,910
3,180
3,000
2,500

3.2
4.3
3.4
1.2

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

1,630
1,450
1,680

1,790
1,580
1,850

1,890
1,700
1,940

1,930
1,800
1,960

2,050
1,900
2,090

6.2
5.6
6.6

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

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
520
2,030
630

1,100
3,780
1,440
2,470
890
1,130
510
2,050
660

1,110
3,800
1,420
2,500
900
1,110
520
2,040
660

1,130
4,100
1,430
2,600
920
1,110
530
2,070
660

1.8
7.9
0.7
4.0
2.2
1.9
1.5
-

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

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

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

4,780
7,700
2,120
2,700

4,940
7,900
2,200
2,850

5,370
8,700
2,310
3,000

8.7
10.1
5.0
5.3

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

2,730

2,950

3,020

3,010

3,080

2.3

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

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

9

Cropland, Average Value per Acre – Region, State, and United States: 2013-2017
Region and state

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

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

5,330
7,950
6,470
13,500
2,600
5,900
7,090

5,390
8,200
6,530
13,000
2,580
6,100
7,090

5,350
8,100
6,530
13,000
2,580
6,000
7,200

-0.7
-1.2
-1.6
1.6

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

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

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

4,730
4,550
4,800
4,700

4,740
4,500
4,750
4,900

4,830
4,450
4,800
5,200

1.9
-1.1
1.1
6.1

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

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

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

6,840
7,650
7,000
8,200
3,810
5,850

6,710
7,450
7,000
8,000
3,770
5,800

6,670
7,350
6,700
8,100
3,820
5,780

-0.6
-1.3
-4.3
1.3
1.3
-0.3

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

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

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

3,130
2,210
5,070
2,140
3,730

2,960
2,050
4,850
2,000
3,520

2,830
1,970
4,550
2,000
3,330

-4.4
-3.9
-6.2
-5.4

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

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

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

3,830
3,720
4,100
3,470
4,440
3,250

3,840
3,770
3,970
3,600
4,430
3,160

3,890
3,850
3,970
3,640
4,480
3,160

1.3
2.1
1.1
1.1
-

See footnote(s) at end of table.

10

--continued

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Cropland, Average Value per Acre – Region, State, and United States: 2013-2017 (continued)
Region and State

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

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

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

3,770
2,850
6,560
3,160
2,460

3,920
2,950
6,730
3,410
2,460

3,940
3,000
6,750
3,420
2,500

0.5
1.7
0.3
0.3
1.6

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

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

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

2,600
2,630
2,500
2,620

2,680
2,710
2,620
2,680

2,760
2,790
2,740
2,720

3.0
3.0
4.6
1.5

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

1,480
1,390
1,520

1,630
1,500
1,680

1,770
1,590
1,840

1,820
1,640
1,890

1,930
1,740
2,010

6.0
6.1
6.3

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

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

1,740
8,320
1,910
3,200
997
2,670
1,440
3,300
1,370

1,760
8,300
1,910
3,300
1,010
(D)
1,450
3,340
1,370

1,780
8,400
1,920
3,400
1,020
(D)
1,480
3,420
1,350

1.1
1.2
0.5
3.0
1.0
(X)
2.1
2.4
-1.5

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

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

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

6,160
10,690
2,600
2,630

6,330
10,910
2,730
2,760

6,570
11,290
2,860
2,890

3.8
3.5
4.8
4.7

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

3,810

4,100

4,130

4,090

4,090

-

- 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 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

11

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2013-2017
[Only States with significant irrigated acreage appear in this table]
Region, State,
and land type

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

3,500
4,140
3,450

3,810
4,750
3,730

3,810
5,130
3,700

3,770
5,100
3,660

3,820
5,300
3,700

1.3
3.9
1.1

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

1,930
2,760
1,840

2,260
3,280
2,150

2,210
3,270
2,090

2,050
3,000
1,940

1,970
2,850
1,870

-3.9
-5.0
-3.6

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

4,860
6,700
3,730

5,180
7,100
4,000

5,070
6,870
3,970

4,850
6,560
3,800

4,550
6,180
3,550

-6.2
-5.8
-6.6

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

2,840
(D)
2,820

3,430
(D)
3,400

3,730
(D)
3,700

3,520
(D)
3,500

3,330
(D)
3,300

-5.4
(X)
-5.7

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

6,450
7,280
5,660

6,500
7,430
5,630

6,560
7,570
5,610

6,730
7,600
5,900

6,750
7,650
5,900

0.3
0.7
-

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

3,080
3,120
3,070

3,080
3,430
2,950

3,160
3,600
3,000

3,410
4,000
3,200

3,420
4,070
3,180

0.3
1.8
-0.6

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

2,380
2,790
1,760

2,540
3,000
1,840

2,630
3,100
1,900

2,710
3,200
1,950

2,790
3,300
2,000

3.0
3.1
2.6

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

2,260
2,150
2,300

2,380
2,270
2,420

2,500
2,400
2,530

2,620
2,550
2,650

2,740
2,700
2,750

4.6
5.9
3.8

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

2,470
2,760
2,330

2,570
2,930
2,390

2,620
3,030
2,420

2,680
3,150
2,460

2,720
3,230
2,480

1.5
2.5
0.8

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

1,390
(D)
1,370

1,500
(D)
1,480

1,590
(D)
1,580

1,640
(D)
1,620

1,740
(D)
1,720

6.1
(X)
6.2

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

1,520
1,700
1,490

1,680
1,880
1,650

1,840
2,050
1,800

1,890
2,050
1,860

2,010
2,200
1,980

6.3
7.3
6.5

See footnote(s) at end of table.

12

--continued

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2013-2017 (continued)
[Only States with significant irrigated acreage appear in this table]
Region, State,
and land type

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

8,290
8,290

8,320
8,320

8,320
8,320

8,300
8,300

8,400
8,400

1.2
1.2

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

1,770
4,100
1,200

1,840
4,450
1,200

1,910
4,650
1,230

1,910
4,600
1,250

1,920
4,600
1,260

0.5
0.8

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

2,850
4,240
1,310

3,040
4,600
1,320

3,200
4,830
1,400

3,300
5,000
1,420

3,400
5,150
1,460

3.0
3.0
2.8

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

890
2,780
710

987
2,950
800

997
2,960
810

1,010
2,980
820

1,020
2,980
830

1.0
1.2

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

(D)
(D)

2,670
2,670

2,670
2,670

(D)
(D)

(D)
(D)

(X)
(X)

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

1,450
3,910
400

1,450
3,930
390

1,440
3,920
390

1,450
3,930
390

1,480
3,930
440

2.1
12.8

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

3,230
5,200
1,100

3,260
5,250
1,120

3,300
5,300
1,140

3,340
5,350
1,170

3,420
5,500
1,180

2.4
2.8
0.9

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

1,360
2,140
(D)

1,370
2,190
780

1,370
2,190
770

1,370
2,200
770

1,350
2,170
760

-1.5
-1.4
-1.3

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

9,860
11,800
3,400

10,140
12,100
3,650

10,690
12,700
4,000

10,910
12,900
4,300

11,290
13,300
4,600

3.5
3.1
7.0

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

2,400
3,940
1,830

2,500
4,140
1,900

2,600
4,360
1,950

2,730
4,650
2,020

2,860
4,850
2,120

4.8
4.3
5.0

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

2,420
7,240
1,170

2,560
7,670
1,230

2,630
7,850
1,280

2,760
8,250
1,330

2,890
8,700
1,380

4.7
5.5
3.8

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

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

13

Pasture Average Value per Acre – Region, State, and United States: 2013-2017
Region and State

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Northeast ........................................
Maryland 1 ...................................
New Jersey .................................
New York ....................................
Pennsylvania ...............................
Other States 2 .............................

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

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

3,480
6,000
13,500
1,430
2,850
5,840

3,390
6,100
12,500
1,400
2,700
5,850

3,420
6,100
12,500
1,400
2,800
5,850

0.9
3.7
-

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

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

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

2,060
2,680
1,700
2,250

2,050
2,600
1,650
2,300

2,080
2,550
1,700
2,350

1.5
-1.9
3.0
2.2

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

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

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

2,440
3,550
2,600
3,400
1,950
3,140

2,420
3,400
2,600
3,400
1,930
3,100

2,380
3,300
2,590
3,100
1,970
3,050

-1.7
-2.9
-0.4
-8.8
2.1
-1.6

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

754
1,150
643
578
667

954
1,300
900
750
860

1,020
1,390
870
850
980

1,020
1,290
910
830
1,020

1,040
1,280
930
850
1,060

2.0
-0.8
2.2
2.4
3.9

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

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

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

3,340
2,750
4,700
3,500
4,000
2,020

3,320
2,730
4,700
3,540
3,930
2,020

3,340
2,760
4,700
3,580
3,930
2,040

0.6
1.1
1.1
1.0

See footnote(s) at end of table.

14

--continued

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Pasture, Average Value per Acre – Region, State, and United States: 2013-2017 (continued)
Region and State

2013

2014

2015

2016

2017

Change
2016-2017

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

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

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

3,790
2,140
4,900
3,580
2,940

3,900
2,180
5,100
3,530
2,940

3,910
2,230
5,100
3,560
2,940

0.3
2.3
0.8
-

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

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

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

2,320
2,290
2,590
2,140

2,410
2,450
2,600
2,190

2,480
2,520
2,700
2,210

2.9
2.9
3.8
0.9

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

1,410
1,210
1,450

1,540
1,360
1,580

1,570
1,430
1,600

1,580
1,470
1,600

1,620
1,470
1,650

2.5
3.1

Mountain ..........................................
Arizona 3 ......................................
Colorado ......................................
Idaho ...........................................
Montana ......................................
Nevada 3 ......................................
New Mexico 3 ...............................
Utah 3 ..........................................
Wyoming .....................................

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

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

614
(D)
760
1,250
650
(D)
340
1,050
510

617
(D)
760
1,300
650
(D)
350
1,040
510

625
(D)
760
1,350
660
(D)
360
1,050
510

1.3
(X)
3.8
1.5
(X)
2.9
1.0
-

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

1,590
2,650
620
800

1,610
2,700
630
810

1,630
2,700
660
820

1,640
2,700
680
840

1,650
2,700
700
850

0.6
2.9
1.2

United States 4 .................................

1,170

1,300

1,330

1,330

1,350

1.5

- Represents zero.
(D) Withheld to avoid disclosing data for individual operations.
(X) Not applicable.
1
Induded in Other States prior to 2014
2
Includes: Connecticut, Delaware, Maine, Maryland (prior to 2014), Massachusetts, New Hampshire, Rhode Island, and Vermont.
3
Excludes American Indian Reservation land.
4
Excludes Alaska and Hawaii.

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

15

Value of Farmland and Buildings – Region, State, and United States: 2012-2016
[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

2012

2013

2014

2015

2016

Change
2015-2016

(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 ......................................

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

4,928
4,090
3,016
14,007
5,408
2,012
9,216
19,386
43,232
959
4,075

4,972
4,090
3,031
14,140
5,408
2,012
9,360
21,600
42,350
966
4,125

4,928
4,200
3,031
14,332
5,408
2,045
9,216
21,456
42,350
966
4,150

-0.9
2.7
1.4
1.6
-1.5
-0.7
0.6

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

38,706
97,240
60,006

42,785
111,370
59,860

46,765
123,025
63,800

48,755
121,730
67,680

47,760
121,730
68,400

-2.0
1.1

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

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

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

202,288
102,165
259,250
87,730
77,700

201,750
105,105
244,000
94,805
80,500

198,320
105,105
239,425
96,220
79,800

-1.7
-1.9
1.5
-0.9

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

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

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

94,300
141,024
71,526
89,631

93,380
137,860
75,264
100,456

86,480
133,340
71,736
97,425

-7.4
-3.3
-4.7
-3.0

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

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

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

40,950
37,884
39,240
35,424
9,216

42,250
37,350
39,785
34,992
9,360

43,550
36,935
40,330
34,830
9,252

3.1
-1.1
1.4
-0.5
-1.2

See footnote(s) at end of table.

16

--continued

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

Value of Farmland and Buildings – Region, State, and United States: 2012-2016 (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

2012

2013

2014

2015

2016

Change
2015-2016

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(percent)

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

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

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

23,140
49,875
31,020
15,050

23,144
51,030
30,411
15,050

24,030
51,030
31,960
15,000

3.8
5.1
-0.3

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

36,156
18,960
24,525

37,260
20,018
24,743

39,330
20,826
25,506

42,090
21,700
26,136

42,090
22,475
26,676

3.6
2.1

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

47,128
220,038

49,880
218,568

54,194
240,500

58,140
252,200

61,560
254,800

5.9
1.0

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

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

23,922
42,930
27,848
51,342
5,566
20,663
15,528
19,152

24,125
45,648
29,146
53,133
5,817
20,310
15,669
20,064

24,226
45,014
29,500
53,730
5,710
20,663
15,598
20,064

0.4
-1.4
1.2
1.1
-1.8
1.7
-0.5
-

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

176,128
31,948
33,222

175,950
32,505
34,040

186,150
33,620
36,750

196,350
34,768
39,690

200,660
36,080
41,895

2.2
3.8
5.6

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

2,223,067

2,397,034

2,595,159

2,651,697

2,645,481

-0.2

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

Land Values 2017 Summary (August 2017)
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 2017 Summary (August 2017)
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 United States 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. While the June Area Survey is the primary source of data for the estimates, supplemental survey
data and potential previous year revisions are also considered, as described in the more detailed NASS Land Values
Methodology and Data Collection publication. As such, the estimates reflect an average of land values for the year
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 2017 Summary (August 2017)
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 2017 Summary (August 2017)
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. Email inquiries may be sent to [email protected].
Jody McDaniel, 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, Parity Prices ............................................ (202) 720-8844
Kuan Chen – Prices, Prices Research ........................................................................................................ (202) 690-3347
Liana Cuffman – Prices Paid, Prices Paid Indexes .................................................................................... (202) 690-3229
Stephen Habets – Production Expenditures............................................................................................... (202) 720-9168
Joe Hagedorn – Cash Rents, Grazing Fees ................................................................................................ (202) 690-3231
Ben Johnson – Economics and Demographics Processing........................................................................ (202) 690-3225
Michael Mathison – Farm Expenditures ................................................................................................... (202) 720-3243

Scott Shimmin, Head, Environmental and Demographics Section.................................................................. (202) 720-0684
Stephanie Brennan – Field Crops Chemical Use ...................................................................................... (202) 690-0392
Natasha Bruton – Current Agricultural Industrial Reports ........................................................................ (202) 720-7644
Courtney Charles – Current Agricultural Industrial Reports..................................................................... (202) 690-3226
Ryan Cowen – Farms, Land in Farms, Census of Agriculture .................................................................. (202) 690-3233
Doug Farmer – Vegetable Chemical Use .................................................................................................. (202) 720-7492
Virginia Harris – Census of Agriculture.................................................................................................... (502) 582-5257
Dominique Sims – Census of Agriculture ................................................................................................. (202) 690-4752
Theresa Varner – Farm Labor, Chemical Use ........................................................................................... (202) 690-2284

Land Values 2017 Summary (August 2017)
USDA, National Agricultural Statistics Service

21

Released August 3, 2017, 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: 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 www.nass.usda.gov and click on “National” or “State” in upper right corner above “search”
box to create an account and 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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