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Press Release - County Estimates for Cash Rent - Publication
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Document Metadata
| File Type | application/pdf |
|---|---|
| File Title | Press Release - County Estimates for Cash Rent - Publication |
| Author | Viste, Mali - REE-NASS, Olympia, WA |
| Last Modified By | Microsoft® Word for Microsoft 365 |
| File Modified | 2022-08-23 |
| File Created | 2022-08-23 |
| Conversion State | complete |
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PRESS RELEASE NATIONAL AGRICULTURAL STATISTICS SERVICE United States Department of Agriculture • Washington, DC 20250 Northwest Regional Field Office • Olympia, WA 98507 Ag Statistics Hotline: 1-800-727-9540 • www.nass.usda.gov Posted online August 5, 2022 Regional Contacts Phone: 1-800-435-5883 ➢ ➢ ➢ ➢ Email: [email protected] Washington – Dennis Koong, Deputy Regional Director Idaho – Ben Johnson, State Statistician Oregon – Dave Losh, State Statistician Alaska – Dennis Koong, Deputy Regional Director Cropland Cash Rent Cash rent expense for all cropland in Idaho is estimated at $194 per acre for 2022, up $14.00 per acre from last year. Irrigated cropland is estimated at $262 per acre, up $26.00 per acre from 2021. Non-irrigated cropland rental expense is $65.50 per acre, up $2.50 per acre from last year. Oregon producers paid $182 per acre for all cropland, up $1.00 per acre from 2021. Irrigated cropland is estimated at $261 per acre, up $16.00 per acre from 2021. Non-irrigated cropland rental expense is $101.00 per acre, up $6.00 per acre from last year. In Washington, all cropland rental expense is $217 per acre for 2022, down $5.00 per acre from the previous year. Irrigated cropland is estimated at $430 per acre, up $35.00 per acre from 2021. Non-irrigated cropland rental expense is $76.50 per acre, up $1.50 per acre from last year. Pasture Cash Rent Pasture cash rent expense was $12.50 per acre in Idaho for 2022, down $0.50 per acre from 2021. In Oregon, pasture cash rent was $11.50 per acre, up $0.50 per acre from the previous year. Washington producers paid $8.00 per acre for pasture rent, unchanged from last year. Farm Real Estate Value Idaho farm real estate value, a measurement of the value of all land and buildings on farm, averaged $3,700 per acre for 2022, up $350 per acre from the 2021 value. Oregon farm real estate value averaged $3,040, up $250 per acre from 2021. In Washington, farm real estate value averaged $3,100, up $200 per acre from the previous year. USDA, NASS - Northwest Regional Field Office Cash Rent Expense per Acre — Idaho, Oregon, Washington, and United States: 2018-2022 State and land type 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Idaho Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ............................ Pasture ...................................................... 160.00 216.00 56.00 11.00 159.00 216.00 56.00 11.00 171.00 225.00 62.00 12.00 180.00 236.00 63.00 13.00 194.00 262.00 65.50 12.50 7.8 11.0 4.0 -3.8 Oregon Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ............................ Pasture ...................................................... 159.00 215.00 93.00 12.00 152.00 215.00 95.00 11.00 160.00 220.00 100.00 15.00 181.00 245.00 95.00 11.00 182.00 261.00 101.00 11.50 0.6 6.5 6.3 4.5 Washington Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ............................ Pasture ...................................................... 203.00 358.00 75.00 (D) 201.00 360.00 75.00 8.00 207.00 390.00 80.00 8.00 222.00 395.00 75.00 8.00 217.00 430.00 76.50 8.00 -2.3 8.9 2.0 - United States Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ............................ Pasture ...................................................... 138.00 215.00 125.00 12.50 140.00 220.00 127.00 13.00 139.00 216.00 126.00 13.00 141.00 217.00 128.00 13.00 148.00 227.00 135.00 14.00 5.0 4.6 5.5 7.7 - Represents zero. (D) Withheld to avoid disclosing data for individual operations. Cash Rent Expenses-Idaho, Oregon, Washington, and United States: 2022 500 450 400 Dollars per acre 350 300 250 200 150 100 50 0 Idaho Oregon All cropland Irrigated cropland Washington United States Non-irrigated cropland n 2 USDA, NASS - Northwest Regional Field Office Land Values, Average Value per Acre — Idaho, Oregon, Washington, and United States: 2018-2022 State and land type 2018 2019 2020 2021 2022 Change 2021-2022 (dollars) (dollars) (dollars) (dollars) (dollars) (percent) Idaho Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ........................... Pasture ...................................................... Farm real estate 1 ..................................... 3,740 5,690 1,590 1,490 2,870 3,930 6,020 1,650 1,560 3,000 4,070 6,210 1,720 1,610 3,110 4,450 6,800 1,890 1,700 3,350 4,950 7,550 2,100 1,970 3,700 11.2 11.0 11.1 15.9 10.4 Oregon Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ........................... Pasture ...................................................... Farm real estate 1 ..................................... 3,000 5,180 2,200 728 2,430 3,080 5,290 2,220 750 2,500 3,120 5,430 2,220 760 2,530 3,310 5,800 2,340 830 2,790 3,650 6,350 2,600 900 3,040 10.3 9.5 11.1 8.4 9.0 Washington Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ........................... Pasture ...................................................... Farm real estate 1 ..................................... 2,630 7,930 1,260 766 2,840 2,630 7,690 1,260 766 2,820 2,610 7,650 1,240 740 2,760 2,700 7,800 1,310 750 2,900 2,940 8,400 1,450 820 3,100 8.9 7.7 10.7 9.3 6.9 United States 2 Cropland .................................................... Irrigated cropland ................................... Non-irrigated cropland ........................... Pasture ...................................................... Farm real estate 1 ..................................... 4,050 (NA) (NA) 1,370 3,100 4,100 (NA) (NA) 1,400 3,160 4,100 (NA) (NA) 1,400 3,160 4,420 (NA) (NA) 1,480 3,380 5,050 (NA) (NA) 1,650 3,800 14.3 (NA) (NA) 11.5 12.4 (NA) Not available. 1 Includes value of all land and buildings. 2 Excludes Alaska and Hawaii. USDA, NASS - Northwest Regional Field Office 3 Farm Real Estate Value–Idaho, Oregon, Washington, and United States: 2013 - 2022 3,900 3,700 Dollars per acre 3,500 3,300 3,100 2,900 2,700 2,500 2,300 2,100 1,900 1,700 2013 2014 Idaho 2015 2016 Oregon 2017 2018 2019 Washington 2020 2021 2022 United States 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. Hover over the “Publications” drop down. Under "Receive reports by Email" section in the lower right corner, select the report(s) 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]