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Land Values 2022 Summary 08/05/2022
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| File Type | application/pdf |
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| File Title | Land Values 2022 Summary 08/05/2022 |
| Author | USDA, National Agricultural Statistics Service |
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| File Modified | 2022-08-05 |
| File Created | 2022-08-05 |
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United States Department of Agriculture National Agricultural Statistics Service Land Values 2022 Summary August 2022 ISSN: 1949-1867 Contents Agricultural Land Values Highlights ...................................................................................................................................... 4 Average Farm Real Estate Value – United States: 2008-2022 Chart ..................................................................................... 5 2022 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2021 Map .......................................... 5 Average Cropland Value – United States: 2008-2022 Chart .................................................................................................. 6 2022 Cropland Value by State – Dollars per Acre and Percent Change from 2021 Map ....................................................... 6 Average Pasture Value – United States: 2008-2022 Chart ..................................................................................................... 7 2022 Pasture Value by State – Dollars per Acre and Percent Change from 2021 Map .......................................................... 7 Farm Real Estate Average Value per Acre – Regions, States, and United States: 2018-2022 ............................................... 8 Cropland Average Value per Acre – Regions, States, and United States: 2018-2022 .......................................................... 10 Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2018-2022........................................................... 12 Pasture Average Value per Acre – Regions, States, and United States: 2018-2022 ............................................................. 14 Value of Farmland and Buildings – States and United States: 2017-2021 ........................................................................... 16 Economic Regions ............................................................................................................................................................... 18 Statistical Methodology ........................................................................................................................................................ 19 Terms and Definitions........................................................................................................................................................... 20 Information Contacts ............................................................................................................................................................ 21 Land Values 2022 Summary (August 2022) 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 $3,800 per acre for 2022, up $420 per acre (12.4 percent) from 2021. The United States cropland value averaged $5,050 per acre, an increase of $630 per acre (14.3 percent) from the previous year. The United States pasture value averaged $1,650 per acre, an increase of $170 per acre (11.5 percent) from 2021. 4 Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Average Farm Real Estate Value – United States: 2008-2022 Dollars per acre 4,000 3,800 3,380 3,500 3,000 2,940 3,000 2,990 3,030 3,100 3,160 2014 2015 2016 2017 2018 2019 3,160 2020 2,730 2,520 2,500 2,170 2,090 2,150 2008 2009 2010 2,300 2,000 1,500 1,000 500 0 2011 2012 2013 2021 2022 USDA - NASS August 5, 2022 Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 5 Average Cropland Value – United States: 2008-2022 Dollars per acre 6,000 5,050 5,000 4,420 3,810 4,000 4,090 4,100 4,040 4,030 4,050 4,100 4,100 3,350 3,000 2,760 2,640 2,700 2,980 2,000 1,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 USDA - NASS August 5, 2022 6 Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Average Pasture Value – United States: 2008-2022 Dollars per acre 1,800 1,650 1,600 1,370 1,400 1,400 1,290 1,310 1,320 1,330 1,400 1,200 1,090 1,060 1,060 1,070 1,110 1,480 1,170 1,000 800 600 400 200 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 USDA - NASS August 5, 2022 Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 7 Farm Real Estate Average Value per Acre – Regions, States, and United States: 2018-2022 Region and State 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast ........................................ Connecticut ................................. Delaware ..................................... Maine .......................................... Maryland ..................................... Massachusetts ............................ New Hampshire .......................... New Jersey ................................. New York .................................... Pennsylvania ............................... Rhode Island ............................... Vermont ...................................... 5,550 12,300 8,410 2,370 7,860 10,900 4,900 13,500 3,230 6,250 15,200 3,540 5,690 12,200 8,950 2,410 8,060 11,100 4,980 13,500 3,250 6,470 15,600 3,630 5,710 12,000 8,950 2,490 8,080 11,300 5,000 13,600 3,150 6,600 16,000 3,550 6,000 12,500 9,300 2,600 8,670 13,700 5,050 14,400 3,270 6,800 16,400 3,900 6,490 13,700 9,800 2,860 9,700 15,200 5,350 15,400 3,450 7,350 17,500 4,200 8.2 9.6 5.4 10.0 11.9 10.9 5.9 6.9 5.5 8.1 6.7 7.7 Lake States ..................................... Michigan ..................................... Minnesota ................................... Wisconsin ................................... 4,890 4,960 4,850 4,900 4,900 4,960 4,840 4,950 4,860 4,950 4,840 4,850 5,240 5,300 5,240 5,190 5,960 5,850 6,150 5,700 13.7 10.4 17.4 9.8 Corn Belt ......................................... Illinois .......................................... Indiana ........................................ Iowa ............................................ Missouri ...................................... Ohio ............................................ 6,110 7,280 6,580 7,270 3,380 6,200 6,100 7,280 6,580 7,190 3,400 6,290 6,110 7,400 6,600 7,070 3,400 6,350 6,580 7,900 7,100 7,740 3,700 6,600 7,560 8,900 8,000 9,400 4,150 7,200 14.9 12.7 12.7 21.4 12.2 9.1 Northern Plains ............................... Kansas ........................................ Nebraska .................................... North Dakota ............................... South Dakota .............................. 2,110 1,850 2,750 1,710 2,070 2,170 1,960 2,850 1,740 2,070 2,120 1,900 2,790 1,720 2,010 2,320 2,100 3,100 1,820 2,190 2,780 2,630 3,750 2,050 2,600 19.8 25.2 21.0 12.6 18.7 Appalachian .................................... Kentucky ..................................... North Carolina ............................. Tennessee .................................. Virginia ........................................ West Virginia ............................... 4,030 3,770 4,640 3,920 4,620 2,650 4,080 3,820 4,680 3,990 4,650 2,680 4,140 3,920 4,670 4,100 4,620 2,700 4,240 4,000 4,750 4,260 4,700 2,770 4,620 4,350 5,150 4,700 5,100 3,000 9.0 8.8 8.4 10.3 8.5 8.3 See footnote(s) at end of table. 8 --continued Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Farm Real Estate Average Value per Acre – Regions, States, and United States: 2018-2022 (continued) Region and State 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. 4,050 2,980 5,900 3,510 3,310 4,090 3,100 5,950 3,470 3,400 4,120 3,150 5,900 3,500 3,500 4,230 3,200 6,020 3,670 3,600 4,580 3,400 6,600 3,960 3,800 8.3 6.3 9.6 7.9 5.6 Delta States ..................................... Arkansas ..................................... Louisiana ..................................... Mississippi ................................... 3,000 3,160 3,040 2,740 3,100 3,320 3,120 2,800 3,130 3,350 3,160 2,820 3,180 3,390 3,220 2,860 3,340 3,550 3,410 3,000 5.0 4.7 5.9 4.9 Southern Plains ............................... Oklahoma .................................... Texas ........................................... 2,000 1,800 2,050 2,070 1,870 2,120 2,110 1,890 2,170 2,300 2,020 2,380 2,560 2,250 2,650 11.3 11.4 11.3 Mountain .......................................... Arizona 1 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 1 ...................................... New Mexico 1 ............................... Utah 1 .......................................... Wyoming ..................................... 1,200 3,780 1,560 2,870 916 1,020 565 2,310 726 1,220 3,800 1,570 3,000 915 1,020 570 2,420 740 1,240 3,850 1,590 3,110 915 1,000 575 2,450 750 1,280 3,900 1,610 3,350 930 1,010 600 2,620 790 1,390 4,200 1,770 3,700 1,030 1,060 610 2,810 850 8.6 7.7 9.9 10.4 10.8 5.0 1.7 7.3 7.6 Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. 5,610 9,350 2,430 2,840 5,900 10,000 2,500 2,820 5,910 10,000 2,530 2,760 6,420 10,900 2,790 2,900 7,040 12,000 3,040 3,100 9.7 10.1 9.0 6.9 United States 2 ................................. 3,100 3,160 3,160 3,380 3,800 12.4 1 Excludes American Indian Reservation land. 2 Excludes Alaska and Hawaii. Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 9 Cropland Average Value per Acre – Regions, States, and United States: 2018-2022 Region and State 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast ........................................ Delaware ..................................... Maryland ..................................... New Jersey ................................. New York .................................... Pennsylvania ............................... Other States 1 ............................. 5,940 8,120 7,280 13,700 2,800 6,890 7,650 6,040 8,600 7,370 13,700 2,810 7,030 7,900 6,070 8,600 7,380 13,800 2,800 7,100 7,900 6,490 8,600 7,960 14,800 2,910 7,600 8,770 7,060 9,200 8,750 15,900 3,150 8,300 9,530 8.8 7.0 9.9 7.4 8.2 9.2 8.7 Lake States ..................................... Michigan ..................................... Minnesota ................................... Wisconsin ................................... 4,810 4,510 4,950 4,740 4,760 4,500 4,810 4,850 4,730 4,480 4,800 4,770 5,160 4,700 5,270 5,280 5,970 5,300 6,200 6,000 15.7 12.8 17.6 13.6 Corn Belt ......................................... Illinois .......................................... Indiana ........................................ Iowa ............................................ Missouri ...................................... Ohio ............................................ 6,370 7,280 6,210 7,290 3,490 6,320 6,360 7,300 6,210 7,260 3,490 6,400 6,350 7,300 6,210 7,170 3,530 6,460 6,880 7,900 6,800 7,810 3,810 6,800 7,930 8,950 7,750 9,350 4,320 7,550 15.3 13.3 14.0 19.7 13.4 11.0 Northern Plains ............................... Kansas ........................................ Nebraska .................................... North Dakota ............................... South Dakota .............................. 2,740 2,060 4,380 1,870 3,120 2,790 2,160 4,390 1,920 3,130 2,740 2,080 4,360 1,930 3,030 3,070 2,370 4,960 2,060 3,390 3,680 2,950 6,000 2,350 4,030 19.9 24.5 21.0 14.1 18.9 Appalachian .................................... Kentucky ..................................... North Carolina ............................. Tennessee .................................. Virginia ........................................ West Virginia ............................... 4,140 4,250 4,130 3,830 4,760 3,250 4,190 4,300 4,180 3,910 4,720 3,280 4,240 4,400 4,180 3,990 4,680 3,270 4,350 4,510 4,290 4,130 4,790 3,330 4,790 5,000 4,700 4,550 5,250 3,600 10.1 10.9 9.6 10.2 9.6 8.1 See footnote(s) at end of table. 10 --continued Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Cropland Average Value per Acre – Regions, States, and United States: 2018-2022 (continued) Region and State 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. 4,160 3,300 7,040 3,430 2,790 4,120 3,430 7,190 3,210 2,830 4,180 3,500 7,190 3,320 2,830 4,290 3,550 7,300 3,480 2,900 4,690 3,900 7,960 3,820 3,150 9.3 9.9 9.0 9.8 8.6 Delta States ..................................... Arkansas ..................................... Louisiana ..................................... Mississippi ................................... 2,840 2,780 2,790 3,000 2,920 2,850 2,880 3,080 2,960 2,880 2,930 3,100 3,010 2,930 2,980 3,150 3,190 3,110 3,180 3,340 6.0 6.1 6.7 6.0 Southern Plains ............................... Oklahoma .................................... Texas ........................................... 1,820 1,630 1,890 1,860 1,670 1,930 1,930 1,690 2,030 2,050 1,810 2,150 2,310 2,030 2,420 12.7 12.2 12.6 Mountain .......................................... Arizona 2 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 2 ...................................... New Mexico 2 ............................... Utah 2 .......................................... Wyoming ..................................... 1,910 7,610 2,100 3,740 1,020 (D) 1,580 3,830 1,490 1,980 7,600 2,160 3,930 1,040 (D) 1,550 3,970 1,520 2,010 7,650 2,200 4,070 1,030 (D) 1,600 4,040 1,540 2,100 7,700 2,240 4,450 1,050 (D) 1,660 4,190 1,600 2,320 8,350 2,480 4,950 1,160 (D) 1,790 4,550 1,720 10.5 8.4 10.7 11.2 10.5 (X) 7.8 8.6 7.5 Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. 6,830 12,170 3,000 2,630 7,190 12,830 3,080 2,630 7,240 12,900 3,120 2,610 7,740 13,860 3,310 2,700 8,580 15,410 3,650 2,940 10.9 11.2 10.3 8.9 United States 3 ................................. 4,050 4,100 4,100 4,420 5,050 14.3 (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 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 11 Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2018-2022 [Only states with significant irrigated acreage appear in this table] Region, State, and Land type 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Corn Belt Missouri, all cropland .................................... Irrigated ................................................... Non-irrigated ........................................... 3,490 4,770 3,380 3,490 4,770 3,350 3,530 4,700 3,400 3,810 4,800 3,700 4,320 5,400 4,200 13.4 12.5 13.5 Northern Plains Kansas, all cropland ...................................... Irrigated ................................................... Non-irrigated ........................................... 2,060 2,980 1,960 2,160 3,320 2,050 2,080 3,270 1,970 2,370 3,700 2,250 2,950 4,000 2,850 24.5 8.1 26.7 Nebraska, all cropland .................................. Irrigated ................................................... Non-irrigated ........................................... 4,380 5,930 3,430 4,390 5,850 3,490 4,360 5,820 3,460 4,960 6,530 3,990 6,000 7,950 4,800 21.0 21.7 20.3 South Dakota, all cropland ............................ Irrigated ................................................... Non-irrigated ........................................... 3,120 (D) 3,100 3,130 (D) 3,100 3,030 (D) 3,000 3,390 (D) 3,360 4,030 (D) 4,000 18.9 (X) 19.0 Southeast Florida, all cropland ....................................... Irrigated ................................................... Non-irrigated ........................................... 7,040 7,980 6,160 7,190 8,160 6,280 7,190 8,150 6,300 7,300 8,350 6,320 7,960 9,100 6,900 9.0 9.0 9.2 Georgia, all cropland ..................................... Irrigated ................................................... Non-irrigated ........................................... 3,430 4,560 3,020 3,210 4,030 2,870 3,320 4,100 3,000 3,480 4,350 3,130 3,820 4,600 3,500 9.8 5.7 11.8 Delta States Arkansas, all cropland ................................... Irrigated ................................................... Non-irrigated ........................................... 2,780 3,290 1,990 2,850 3,340 2,060 2,880 3,360 2,100 2,930 3,420 2,130 3,110 3,600 2,320 6.1 5.3 8.9 Louisiana, all cropland .................................. Irrigated ................................................... Non-irrigated ........................................... 2,790 2,750 2,810 2,880 2,820 2,900 2,930 2,840 2,960 2,980 2,880 3,020 3,180 3,090 3,210 6.7 7.3 6.3 Mississippi, all cropland ................................. Irrigated ................................................... Non-irrigated ........................................... 3,000 3,580 2,720 3,080 3,620 2,770 3,100 3,650 2,780 3,150 3,700 2,830 3,340 3,900 3,020 6.0 5.4 6.7 Southern Plains Oklahoma, all cropland ................................. Irrigated ................................................... Non-irrigated ........................................... 1,630 (D) 1,610 1,670 (D) 1,650 1,690 (D) 1,670 1,810 (D) 1,790 2,030 (D) 2,020 12.2 (X) 12.8 Texas, all cropland ........................................ Irrigated ................................................... Non-irrigated ........................................... 1,890 2,160 1,840 1,930 2,230 1,880 2,030 2,360 1,980 2,150 2,540 2,090 2,420 2,850 2,350 12.6 12.2 12.4 See footnote(s) at end of table. 12 --continued Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2018-2022 (continued) [Only states with significant irrigated acreage appear in this table] Region, State, and Land type 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Mountain Arizona, all cropland 1 ............................................ Irrigated ........................................................... 7,610 7,610 7,600 7,600 7,650 7,650 7,700 7,700 8,350 8,350 8.4 8.4 Colorado, all cropland ............................................ Irrigated ........................................................... Non-irrigated .................................................... 2,100 5,050 1,370 2,160 5,100 1,370 2,200 5,300 1,370 2,240 5,400 1,400 2,480 5,750 1,600 10.7 6.5 14.3 Idaho, all cropland ................................................. Irrigated ........................................................... Non-irrigated .................................................... 3,740 5,690 1,590 3,930 6,020 1,650 4,070 6,210 1,720 4,450 6,800 1,890 4,950 7,550 2,100 11.2 11.0 11.1 Montana, all cropland ............................................. Irrigated ........................................................... Non-irrigated .................................................... 1,020 2,990 836 1,040 3,010 835 1,030 3,000 825 1,050 3,050 835 1,160 3,500 910 10.5 14.8 9.0 Nevada, all cropland 1 ............................................ Irrigated ........................................................... (D) (D) (D) (D) (D) (D) (D) (D) (D) (D) (X) (X) New Mexico, all cropland 1 ..................................... Irrigated ........................................................... Non-irrigated .................................................... 1,580 4,190 469 1,550 4,200 475 1,600 4,370 475 1,660 4,550 485 1,790 4,900 520 7.8 7.7 7.2 Utah, all cropland 1 ................................................. Irrigated ........................................................... Non-irrigated .................................................... 3,830 6,160 1,320 3,970 6,360 1,400 4,040 6,440 1,470 4,190 6,650 1,550 4,550 7,250 1,650 8.6 9.0 6.5 Wyoming, all cropland ............................................ Irrigated ........................................................... Non-irrigated .................................................... 1,490 2,390 836 1,520 2,430 840 1,540 2,470 840 1,600 2,550 890 1,720 2,750 940 7.5 7.8 5.6 Pacific California, all cropland ........................................... Irrigated ........................................................... Non-irrigated .................................................... 12,170 14,300 5,090 12,830 15,100 5,400 12,900 15,200 5,400 13,860 16,300 5,900 15,410 18,100 6,600 11.2 11.0 11.9 Oregon, all cropland .............................................. Irrigated ........................................................... Non-irrigated .................................................... 3,000 5,180 2,200 3,080 5,290 2,220 3,120 5,430 2,220 3,310 5,800 2,340 3,650 6,350 2,600 10.3 9.5 11.1 Washington, all cropland ........................................ Irrigated ........................................................... Non-irrigated .................................................... 2,630 7,930 1,260 2,630 7,690 1,260 2,610 7,650 1,240 2,700 7,800 1,310 2,940 8,400 1,450 8.9 7.7 10.7 (D) Withheld to avoid disclosing data for individual operations. (X) Not applicable. 1 Excludes American Indian Reservation land. Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 13 Pasture Average Value per Acre – Regions, States, and United States: 2018-2022 Region and State 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Northeast ........................................ Maryland ..................................... New Jersey ................................. New York .................................... Pennsylvania ............................... Other States 1 ............................. 3,770 (D) 13,300 1,560 3,140 6,410 3,870 (D) 13,400 1,530 3,290 6,530 3,900 (D) 13,300 1,540 3,370 6,520 4,030 (D) 13,400 1,580 3,440 6,870 4,280 (D) 14,400 1,620 3,800 7,140 6.2 (X) 7.5 2.5 10.5 3.9 Lake States ..................................... Michigan ..................................... Minnesota ................................... Wisconsin ................................... 2,080 2,600 1,750 2,260 2,080 2,590 1,700 2,310 2,050 2,600 1,680 2,250 2,250 2,740 1,830 2,520 2,510 2,900 2,010 2,900 11.6 5.8 9.8 15.1 Corn Belt ......................................... Illinois .......................................... Indiana ........................................ Iowa ............................................ Missouri ...................................... Ohio ............................................ 2,320 3,200 2,430 2,790 1,920 3,370 2,330 3,170 2,450 2,720 1,980 3,350 2,340 3,200 2,400 2,690 2,000 3,370 2,520 3,400 2,490 3,020 2,160 3,440 2,760 3,700 2,700 3,300 2,400 3,600 9.5 8.8 8.4 9.3 11.1 4.7 Northern Plains ............................... Kansas ........................................ Nebraska .................................... North Dakota ............................... South Dakota .............................. 1,040 1,320 975 776 1,040 1,090 1,390 1,050 820 1,050 1,080 1,370 1,040 790 1,050 1,130 1,500 1,080 840 1,060 1,330 1,850 1,240 930 1,230 17.7 23.3 14.8 10.7 16.0 Appalachian .................................... Kentucky ..................................... North Carolina ............................. Tennessee .................................. Virginia ........................................ West Virginia ............................... 3,530 3,000 4,830 3,870 4,050 2,090 3,540 3,030 4,810 3,860 4,020 2,120 3,550 3,050 4,780 3,880 4,000 2,150 3,620 3,080 4,850 4,000 4,060 2,200 3,870 3,250 5,200 4,450 4,250 2,300 6.9 5.5 7.2 11.3 4.7 4.5 See footnote(s) at end of table. 14 --continued Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Pasture Average Value per Acre – Regions, States, and United States: 2018-2022 (continued) Region and State 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. 4,180 2,470 5,380 3,660 3,260 4,180 2,590 5,360 3,730 3,240 4,230 2,600 5,400 3,820 3,300 4,360 2,650 5,530 4,060 3,350 4,680 2,900 5,900 4,400 3,550 7.3 9.4 6.7 8.4 6.0 Delta States ..................................... Arkansas ..................................... Louisiana ..................................... Mississippi ................................... 2,550 2,530 2,750 2,410 2,620 2,610 2,830 2,430 2,650 2,650 2,870 2,450 2,700 2,700 2,950 2,480 2,870 2,850 3,100 2,700 6.3 5.6 5.1 8.9 Southern Plains ............................... Oklahoma .................................... Texas ........................................... 1,540 1,380 1,570 1,620 1,460 1,660 1,640 1,480 1,680 1,760 1,600 1,800 2,000 1,800 2,050 13.6 12.5 13.9 Mountain .......................................... Arizona 2 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 2 ...................................... New Mexico 2 ............................... Utah 2 .......................................... Wyoming ..................................... 667 (D) 835 1,490 667 (D) 394 1,160 561 683 (D) 845 1,560 680 (D) 417 1,240 575 687 (D) 845 1,610 680 (D) 420 1,240 580 717 (D) 875 1,700 700 (D) 440 1,370 610 783 (D) 940 1,970 775 (D) 480 1,470 660 9.2 (X) 7.4 15.9 10.7 (X) 9.1 7.3 8.2 Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. 1,680 2,810 728 766 1,750 3,010 750 766 1,750 3,000 760 740 1,820 3,100 830 750 2,060 3,550 900 820 13.2 14.5 8.4 9.3 United States 3 ................................. 1,370 1,400 1,400 1,480 1,650 11.5 (D) Withheld to avoid disclosing data for individual operations. (X) Not applicable. 1 Includes: Connecticut, Delaware, Maine, Maryland (beginning in 2018), Massachusetts, New Hampshire, Rhode Island, and Vermont. 2 Excludes American Indian Reservation land. 3 Excludes Alaska and Hawaii. Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 15 Value of Farmland and Buildings – States and United States: 2017-2021 [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 2017 2018 2019 2020 2021 Change 2020-2021 (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 ...................................... 4,598 4,373 3,081 15,240 5,292 2,090 9,782 21,804 44,019 894 4,164 4,674 4,457 3,081 15,720 5,450 2,107 10,125 22,287 45,625 912 4,248 4,636 4,744 3,133 16,120 5,550 2,141 10,125 22,425 47,231 936 4,356 4,560 4,744 3,237 16,160 5,650 2,150 10,200 21,735 48,180 960 4,260 4,750 4,929 3,380 17,340 6,850 2,172 10,800 22,563 49,640 984 4,680 4.2 3.9 4.4 7.3 21.2 1.0 5.9 3.8 3.0 2.5 9.9 Lake States Michigan ..................................... Minnesota ................................... Wisconsin ................................... 48,412 124,185 69,641 48,608 123,675 70,070 48,608 123,420 70,785 48,510 122,936 69,355 51,410 133,096 73,698 6.0 8.3 6.3 Corn Belt Illinois .......................................... Indiana ........................................ Iowa ............................................ Missouri ...................................... Ohio ............................................ 193,320 98,700 224,910 86,736 84,140 196,560 98,700 222,462 93,626 86,180 196,560 98,042 220,014 93,840 85,544 199,800 97,680 216,342 93,500 86,360 213,300 105,080 236,070 101,750 89,100 6.8 7.6 9.1 8.8 3.2 Northern Plains Kansas ........................................ Nebraska .................................... North Dakota ............................... South Dakota .............................. 86,562 126,900 68,382 90,720 84,730 123,750 67,203 89,424 89,572 127,965 68,382 89,424 86,830 125,271 67,596 86,832 95,970 138,880 71,526 94,608 10.5 10.9 5.8 9.0 Appalachian Kentucky ..................................... North Carolina ............................. Tennessee .................................. Virginia ........................................ West Virginia ............................... 47,840 38,472 41,856 35,802 9,768 48,633 38,976 42,728 36,036 9,540 49,278 39,312 43,092 36,270 9,380 50,568 39,228 44,280 36,036 9,450 51,600 39,425 45,582 36,190 9,695 2.0 0.5 2.9 0.4 2.6 See footnote(s) at end of table. 16 --continued Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service Value of Farmland and Buildings – States and United States: 2017-2021 (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 2017 2018 2019 2020 2021 Change 2020-2021 (million dollars) (million dollars) (million dollars) (million dollars) (million dollars) (percent) Southeast Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. 25,026 56,842 35,600 15,228 25,330 57,230 35,451 15,888 25,730 57,715 35,394 16,320 26,145 57,230 35,700 16,800 26,240 58,394 37,434 17,280 0.4 2.0 4.9 2.9 Delta States Arkansas ..................................... Louisiana ..................................... Mississippi ................................... 43,229 23,680 27,664 43,924 24,320 28,496 46,480 24,960 29,120 46,900 25,280 29,328 47,460 25,760 29,744 1.2 1.9 1.4 Southern Plains Oklahoma .................................... Texas ........................................... 59,850 243,840 61,560 260,350 64,328 268,180 65,016 273,420 69,488 299,880 6.9 9.7 Mountain Arizona 1 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 1 ...................................... New Mexico 1 ............................... Utah 1 .......................................... Wyoming ..................................... 26,058 48,972 31,941 53,278 5,722 20,977 15,983 20,648 26,493 49,608 33,292 53,128 5,722 21,100 16,290 21,054 26,608 49,926 34,500 53,070 5,722 20,982 17,019 21,460 26,895 50,562 35,765 53,070 5,616 21,147 17,217 21,750 27,183 51,198 38,525 53,847 5,669 21,972 18,344 22,910 1.1 1.3 7.7 1.5 0.9 3.9 6.5 5.3 Pacific California ..................................... Oregon ........................................ Washington .................................. 219,765 37,760 40,572 227,205 38,880 41,748 243,000 39,500 41,172 243,000 39,974 40,296 263,780 43,803 42,050 8.6 9.6 4.4 United States 2 ................................. 2,644,318 2,686,656 2,732,071 2,733,521 2,916,029 6.7 1 Value of all land and buildings adjusted to include American Indian Reservation land value. 2 Excludes Alaska and Hawaii. Land Values 2022 Summary (August 2022) 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 2022 Summary (August 2022) 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 9,000 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 Quality Measures 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 2022 Summary (August 2022) 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 agricultural 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 cropland 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 cropland 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 2022 Summary (August 2022) 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]. Tony Dorn, Chief, Environmental, Economics, and Demographics Branch ................................................... (202) 720-6146 Bruce Boess, Head, Economics Section .......................................................................................................... (202) 720-4447 Stephanie Brennan – Farm Production Expenditures ................................................................................ (202) 690-0392 Doug Farmer – Chemical Use, Land Values ............................................................................................. (202) 690-3229 Zoe Johnson – Cash Receipts, Farm Production Expenditures ................................................................. (202) 720-5446 Thomas Laidley – Prices Received Indexes, Parity Prices ........................................................................ (202) 221-9280 Michael Mathison – Cash Rents, Farms, Land in Farms, Grazing Fees ................................................... (202) 720-3243 Ralph Mondesir – Prices Received Indexes, Parity Prices, Prices Paid Indexes ....................................... (202) 221-9297 Max Reason – Prices Received Indexes, Parity Prices, Prices Paid Indexes............................................. (202) 720-8844 Theresa Varner – Farm Labor ................................................................................................................... (202) 690-3231 Land Values 2022 Summary (August 2022) USDA, National Agricultural Statistics Service 21 Released August 5, 2022, 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. ➢ Cornell’s Mann Library has launched a new website housing NASS’s and other agency’s archived reports. The new website, https://usda.library.cornell.edu. All email subscriptions containing reports will be sent from the new website, https://usda.library.cornell.edu. To continue receiving the reports via e-mail, you will have to go to the new website, create a new account and re-subscribe to the reports. If you need instructions to set up an account or subscribe, they are located at: https://usda.library.cornell.edu/help. You should whitelist [email protected] in your email client to avoid the emails going into spam/junk folders. 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]. The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual's income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.) If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form (PDF), found online at www.ascr.usda.gov/filing-program-discrimination-complaint-usda-customer, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at [email protected].