United States Department of Agriculture National Agricultural Statistics Service
ISSN: 1949-1867
Land Values 2019 Summary August 2019
Land Values 2019 Summary (August 2019) 3 USDA, National Agricultural Statistics Service
Contents Agricultural Land Values Highlights ...................................................................................................................................... 4
Average Farm Real Estate Value – United States: 2005-2019 Chart ..................................................................................... 5
2019 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2018 Map .......................................... 5
Average Cropland Value – United States: 2005-2019 Chart .................................................................................................. 6
2019 Cropland Value by State – Dollars per Acre and Percent Change from 2018 Map ....................................................... 6
Average Pasture Value – United States: 2005-2019 Chart ..................................................................................................... 7
2019 Pasture Value by State – Dollars per Acre and Percent Change from 2018 Map .......................................................... 7
Farm Real Estate Average Value per Acre – Regions, States, and United States: 2015-2019 ............................................... 8
Cropland Average Value per Acre – Regions, States, and United States: 2015-2019 .......................................................... 10
Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2015-2019........................................................... 12
Pasture Average Value per Acre – Regions, States, and United States: 2015-2019 ............................................................. 14
Value of Farmland and Buildings – States and United States: 2014-2018 ........................................................................... 16
Economic Regions ............................................................................................................................................................... 18
Statistical Methodology ........................................................................................................................................................ 19
Terms and Definitions ........................................................................................................................................................... 20
Information Contacts ............................................................................................................................................................ 21
4 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
Agricultural Land Values Highlights
The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged
$3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. The United States cropland value averaged $4,100 per
acre, an increase of $50 per acre (1.2 percent) from the previous year. The United States pasture value averaged $1,400
per acre, up $30 (2.2 percent) from 2018.
Land Values 2019 Summary (August 2019) 5 USDA, National Agricultural Statistics Service
1,610 1,830
2,0102,170 2,090 2,150
2,3002,520
2,7302,940 3,000 2,990 3,030 3,100 3,160
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Dollars per acre
USDA - NASSAugust 6, 2019
Average Farm Real Estate Value – United States: 2005-2019
6 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
2,060 2,300
2,5302,760
2,640 2,7002,980
3,350
3,8104,090 4,100 4,040 4,030 4,050 4,100
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Dollars per acre
USDA - NASSAugust 6, 2019
Average Cropland Value – United States: 2005-2019
Land Values 2019 Summary (August 2019) 7 USDA, National Agricultural Statistics Service
740
9601,030
1,090 1,060 1,060 1,0701,110
1,170
1,290 1,310 1,320 1,3301,370 1,400
0
200
400
600
800
1,000
1,200
1,400
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Dollars per acre
USDA - NASSAugust 6, 2019
Average Pasture Value – United States: 2005-2019
8 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
Farm Real Estate Average Value per Acre – Regions, States, and United States: 2015-2019
Region and State 2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
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 ...............................
5,190 11,700 8,110 2,170 7,270
10,600 4,450
13,300 3,090 5,710
14,300 3,350
4,740 4,970 4,760 4,550
6,220 7,430 6,930 7,670 3,230 5,930
2,320 2,050 3,010 1,870 2,280
3,810 3,370 4,560 3,690 4,440 2,630
5,270 11,900 8,290 2,210 7,470
10,700 4,610
13,300 3,110 5,820
14,600 3,400
4,730 4,900 4,790 4,520
6,100 7,300 6,830 7,370 3,220 5,970
2,200 1,910 2,890 1,750 2,190
3,880 3,540 4,550 3,770 4,470 2,620
5,380 12,100 8,250 2,370 7,620
10,800 4,860
13,400 3,160 6,030
14,900 3,470
4,880 4,940 4,870 4,870
5,990 7,160 6,580 7,350 3,120 6,010
2,150 1,890 2,820 1,740 2,100
3,970 3,680 4,580 3,840 4,590 2,640
5,550 12,300 8,410 2,370 7,860
10,900 4,900
13,500 3,230 6,250
15,200 3,540
4,890 4,960 4,850 4,900
6,110 7,280 6,580 7,270 3,380 6,200
2,110 1,850 2,750 1,710 2,070
4,030 3,770 4,640 3,920 4,620 2,650
5,690 12,200 8,950 2,410 8,060
11,100 4,980
13,500 3,250 6,470
15,600 3,630
4,900 4,960 4,840 4,950
6,100 7,280 6,580 7,190 3,400 6,290
2,170 1,960 2,850 1,740 2,070
4,080 3,820 4,680 3,990 4,650 2,680
2.5 -0.8 6.4 1.7 2.5 1.8 1.6
- 0.6 3.5 2.6 2.5
0.2
- -0.2 1.0
-0.2
- -
-1.1 0.6 1.5
2.8 5.9 3.6 1.8
-
1.2 1.3 0.9 1.8 0.6 1.1
See footnote(s) at end of table. --continued
Land Values 2019 Summary (August 2019) 9 USDA, National Agricultural Statistics Service
Farm Real Estate Average Value per Acre – Regions, States, and United States: 2015-2019 (continued)
Region and State 2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. Delta States ..................................... Arkansas ..................................... Louisiana ..................................... Mississippi ................................... Southern Plains ............................... Oklahoma .................................... Texas ........................................... Mountain .......................................... Arizona 1 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 1 ...................................... New Mexico 1 ............................... Utah 1 .......................................... Wyoming ..................................... Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. United States 2 .................................
3,740 2,710 5,480 3,270 3,130
2,790 3,020 2,780 2,500
1,810 1,630 1,860
1,130 3,620 1,500 2,530
888 1,080
523 2,130
686
4,800 7,820 2,140 2,590
3,000
3,830 2,820 5,510 3,410 3,180
2,830 3,000 2,870 2,590
1,810 1,690 1,840
1,140 3,570 1,500 2,590
898 1,040
540 2,160
699
4,960 8,080 2,240 2,680
2,990
3,990 2,910 5,860 3,560 3,240
2,920 3,110 2,960 2,660
1,880 1,750 1,920
1,170 3,770 1,540 2,730
917 1,020
558 2,230
712
5,440 8,970 2,360 2,760
3,030
4,050 2,980 5,900 3,510 3,310
3,000 3,160 3,040 2,740
2,000 1,800 2,050
1,200 3,780 1,560 2,870
916 1,020
565 2,310
726
5,610 9,350 2,430 2,840
3,100
4,090 3,100 5,950 3,470 3,400
3,100 3,320 3,120 2,800
2,070 1,870 2,120
1,220 3,800 1,570 3,000
915 1,020
570 2,420
740
5,900 10,000 2,500 2,820
3,160
1.0 4.0 0.8
-1.1 2.7
3.3 5.1 2.6 2.2
3.5 3.9 3.4
1.7 0.5 0.6 4.5
-0.1 -
0.9 4.8 1.9
5.2 7.0 2.9
-0.7
1.9
- Represents zero. 1 Excludes American Indian Reservation land. 2 Excludes Alaska and Hawaii.
10 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
Cropland Average Value per Acre – Regions, States, and United States: 2015-2019
Region and State 2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Northeast ........................................ Delaware ..................................... Maryland ..................................... New Jersey ................................. New York .................................... Pennsylvania ............................... Other States 1 ............................. 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 ...............................
5,520 7,880 6,720
13,800 2,680 6,130 7,270
4,730 4,620 4,860 4,550
6,700 7,580 6,780 7,860 3,680 6,030
3,090 2,230 5,010 2,080 3,670
3,910 3,860 4,150 3,510 4,560 3,290
5,650 8,090 6,910
13,500 2,690 6,450 7,290
4,750 4,590 4,840 4,660
6,500 7,350 6,690 7,510 3,570 6,070
2,900 2,080 4,750 1,910 3,430
3,980 3,980 4,060 3,670 4,610 3,220
5,700 7,960 7,050
13,600 2,740 6,470 7,630
4,840 4,580 4,920 4,870
6,380 7,210 6,300 7,440 3,560 6,150
2,760 2,010 4,430 1,890 3,200
4,070 4,140 4,090 3,730 4,730 3,250
5,940 8,120 7,280
13,700 2,800 6,890 7,650
4,810 4,510 4,950 4,740
6,370 7,280 6,210 7,290 3,490 6,320
2,740 2,060 4,380 1,870 3,120
4,140 4,250 4,130 3,830 4,760 3,250
6,040 8,600 7,370
13,700 2,810 7,030 7,900
4,760 4,500 4,810 4,850
6,360 7,300 6,210 7,260 3,490 6,400
2,790 2,160 4,390 1,920 3,130
4,190 4,300 4,180 3,910 4,720 3,280
1.7 5.9 1.2
- 0.4 2.0 3.3
-1.0 -0.2 -2.8 2.3
-0.2 0.3
- -0.4
- 1.3
1.8 4.9 0.2 2.7 0.3
1.2 1.2 1.2 2.1
-0.8 0.9
See footnote(s) at end of table. --continued
Land Values 2019 Summary (August 2019) 11 USDA, National Agricultural Statistics Service
Cropland Average Value per Acre – Regions, States, and United States: 2015-2019 (continued)
Region and State 2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. Delta States ..................................... Arkansas ..................................... Louisiana ..................................... Mississippi ................................... Southern Plains ............................... Oklahoma .................................... Texas ........................................... Mountain .......................................... Arizona 2 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 2 ...................................... New Mexico 2 ............................... Utah 2 .......................................... Wyoming ..................................... Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. United States 3 .................................
3,840 2,940 6,660 3,160 2,560
2,600 2,600 2,480 2,700
1,690 1,520 1,760
1,780 7,970 1,990 3,280
995 2,550 1,480 3,430 1,420
6,190
10,850 2,630 2,530
4,100
4,030 3,080 6,860 3,420 2,610
2,690 2,660 2,590 2,810
1,700 1,530 1,770
1,820 7,800 2,020 3,420 1,010
(D) 1,500 3,530 1,450
6,350
11,160 2,780 2,590
4,040
4,060 3,170 6,940 3,430 2,700
2,770 2,730 2,700 2,900
1,780 1,590 1,850
1,860 7,720 2,070 3,570 1,010
(D) 1,560 3,690 1,460
6,650
11,630 2,920 2,660
4,030
4,160 3,300 7,040 3,430 2,790
2,840 2,780 2,790 3,000
1,820 1,630 1,890
1,910 7,610 2,100 3,740 1,020
(D) 1,580 3,830 1,490
6,830
12,170 3,000 2,630
4,050
4,120 3,430 7,190 3,210 2,830
2,920 2,850 2,880 3,080
1,860 1,670 1,930
1,980 7,600 2,160 3,930 1,040
(D) 1,550 3,970 1,520
7,190
12,830 3,080 2,630
4,100
-1.0 3.9 2.1
-6.4 1.4
2.8 2.5 3.2 2.7
2.2 2.5 2.1
3.7
-0.1 2.9 5.1 2.0 (X)
-1.9 3.7 2.0
5.3 5.4 2.7
-
1.2
- 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.
12 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2015-2019 [Only states with significant irrigated acreage appear in this table]
Region, State, and Land type
2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Corn Belt Missouri, all cropland .................................... Irrigated ................................................... Non-irrigated ........................................... Northern Plains Kansas, all cropland ...................................... Irrigated ................................................... Non-irrigated ........................................... Nebraska, all cropland .................................. Irrigated ................................................... Non-irrigated ........................................... South Dakota, all cropland ............................ Irrigated ................................................... Non-irrigated ........................................... Southeast Florida, all cropland ....................................... Irrigated ................................................... Non-irrigated ........................................... Georgia, all cropland ..................................... Irrigated ................................................... Non-irrigated ........................................... Delta States Arkansas, all cropland ................................... Irrigated ................................................... Non-irrigated ........................................... Louisiana, all cropland .................................. Irrigated ................................................... Non-irrigated ........................................... Mississippi, all cropland ................................. Irrigated ................................................... Non-irrigated ........................................... Southern Plains Oklahoma, all cropland ................................. Irrigated ................................................... Non-irrigated ........................................... Texas, all cropland ........................................ Irrigated ................................................... Non-irrigated ...........................................
3,680 4,950 3,570
2,230 3,300 2,110
5,010 6,780 3,920
3,670
(D) 3,640
6,660 7,680 5,690
3,160 3,600 3,000
2,600 3,070 1,880
2,480 2,380 2,510
2,700 3,130 2,500
1,520 (D)
1,510
1,760 1,970 1,730
3,570 4,830 3,470
2,080 3,050 1,970
4,750 6,430 3,720
3,430
(D) 3,410
6,860 7,750 6,020
3,420 4,010 3,210
2,660 3,150 1,920
2,590 2,520 2,620
2,810 3,300 2,580
1,530 (D)
1,520
1,770 1,920 1,750
3,560 4,940 3,450
2,010 2,910 1,910
4,430 6,010 3,450
3,200
(D) 3,180
6,940 7,860 6,070
3,430 4,080 3,190
2,730 3,230 1,960
2,700 2,660 2,710
2,900 3,440 2,640
1,590 (D)
1,580
1,850 2,020 1,820
3,490 4,770 3,380
2,060 2,980 1,960
4,380 5,930 3,430
3,120
(D) 3,100
7,040 7,980 6,160
3,430 4,560 3,020
2,780 3,290 1,990
2,790 2,750 2,810
3,000 3,580 2,720
1,630 (D)
1,610
1,890 2,160 1,840
3,490 4,770 3,350
2,160 3,320 2,050
4,390 5,850 3,490
3,130
(D) 3,100
7,190 8,160 6,280
3,210 4,030 2,870
2,850 3,340 2,060
2,880 2,820 2,900
3,080 3,620 2,770
1,670 (D)
1,650
1,930 2,230 1,880
- -
-0.9
4.9 11.4 4.6
0.2
-1.3 1.7
0.3 (X)
-
2.1 2.3 1.9
-6.4
-11.6 -5.0
2.5 1.5 3.5
3.2 2.5 3.2
2.7 1.1 1.8
2.5 (X) 2.5
2.1 3.2 2.2
See footnote(s) at end of table. --continued
Land Values 2019 Summary (August 2019) 13 USDA, National Agricultural Statistics Service
Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2015-2019 (continued) [Only states with significant irrigated acreage appear in this table]
Region, State, and Land type
2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Mountain Arizona, all cropland 1 ............................................ Irrigated ........................................................... Colorado, all cropland ............................................ Irrigated ........................................................... Non-irrigated .................................................... Idaho, all cropland ................................................. Irrigated ........................................................... Non-irrigated .................................................... Montana, all cropland ............................................. Irrigated ........................................................... Non-irrigated .................................................... Nevada, all cropland 1 ............................................ Irrigated ........................................................... New Mexico, all cropland 1 ..................................... Irrigated ........................................................... Non-irrigated .................................................... Utah, all cropland 1 ................................................. Irrigated ........................................................... Non-irrigated .................................................... Wyoming, all cropland ............................................ Irrigated ........................................................... Non-irrigated .................................................... Pacific California, all cropland ........................................... Irrigated ........................................................... Non-irrigated .................................................... Oregon, all cropland .............................................. Irrigated ........................................................... Non-irrigated .................................................... Washington, all cropland ........................................ Irrigated ........................................................... Non-irrigated ....................................................
7,970 7,970
1,990 4,840 1,280
3,280 4,950 1,430
995
2,950 808
2,550 2,550
1,480 4,020
400
3,430 5,510 1,180
1,420 2,280
800
10,850 12,900 4,060
2,630 4,400 1,970
2,530 7,530 1,230
7,800 7,800
2,020 4,860 1,320
3,420 5,180 1,470
1,010 2,970
818
(D) (D)
1,500 4,080
405
3,530 5,660 1,240
1,450 2,330
816
11,160 13,200 4,400
2,780 4,730 2,060
2,590 7,760 1,250
7,720 7,720
2,070 4,950 1,360
3,570 5,410 1,530
1,010 2,970
827
(D) (D)
1,560 4,140
463
3,690 5,930 1,270
1,460 2,340
820
11,630 13,700 4,740
2,920 4,950 2,170
2,660 8,000 1,270
7,610 7,610
2,100 5,050 1,370
3,740 5,690 1,590
1,020 2,990
836
(D) (D)
1,580 4,190
469
3,830 6,160 1,320
1,490 2,390
836
12,170 14,300 5,090
3,000 5,180 2,200
2,630 7,930 1,260
7,600 7,600
2,160 5,100 1,370
3,930 6,020 1,650
1,040 3,010
835
(D) (D)
1,550 4,190
475
3,970 6,360 1,400
1,520 2,430
840
12,830 15,100 5,400
3,080 5,290 2,220
2,630 7,690 1,260
-0.1 -0.1
2.9 1.0
-
5.1 5.8 3.8
2.0 0.7
-0.1
(X) (X)
-1.9
- 1.3
3.7 3.2 6.1
2.0 1.7 0.5
5.4 5.6 6.1
2.7 2.1 0.9
-
-3.0 -
- Represents zero. (D) Withheld to avoid disclosing data for individual operations. (X) Not applicable. 1 Excludes American Indian Reservation land.
14 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
Pasture Average Value per Acre – Regions, States, and United States: 2015-2019
Region and State 2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Northeast ........................................ Maryland ..................................... New Jersey ................................. New York .................................... Pennsylvania ............................... Other States 1 ............................. 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 ...............................
3,600 6,230
13,800 1,470 2,960 6,010
2,050 2,720 1,720 2,180
2,390 3,520 2,520 3,260 1,880 3,240
1,010 1,400
859 828 963
3,410 2,850 4,760 3,540 4,110 2,040
3,550 6,450
13,000 1,460 2,860 6,040
2,020 2,650 1,680 2,190
2,330 3,350 2,480 3,190 1,830 3,250
1,000 1,310
891 794 993
3,440 2,880 4,810 3,610 4,090 2,060
3,640 6,580
13,100 1,480 3,020 6,160
2,050 2,620 1,740 2,200
2,260 3,240 2,430 2,850 1,830 3,240
1,020 1,310
904 804
1,020
3,500 2,970 4,840 3,670 4,150 2,100
3,770 (D)
13,300 1,560 3,140 6,410
2,080 2,600 1,750 2,260
2,320 3,200 2,430 2,790 1,920 3,370
1,040 1,320
975 776
1,040
3,530 3,000 4,830 3,870 4,050 2,090
3,870 (D)
13,400 1,530 3,290 6,530
2,080 2,590 1,700 2,310
2,330 3,170 2,450 2,720 1,980 3,350
1,090 1,390 1,050
820 1,050
3,540 3,030 4,810 3,860 4,020 2,120
2.7 (X) 0.8
-1.9 4.8 1.9
-
-0.4 -2.9 2.2
0.4
-0.9 0.8
-2.5 3.1
-0.6
4.8 5.3 7.7 5.7 1.0
0.3 1.0
-0.4 -0.3 -0.7 1.4
See footnote(s) at end of table. --continued
Land Values 2019 Summary (August 2019) 15 USDA, National Agricultural Statistics Service
Pasture Average Value per Acre – Regions, States, and United States: 2015-2019 (continued)
Region and State 2015 2016 2017 2018 2019 Change
2018-2019
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. Delta States ..................................... Arkansas ..................................... Louisiana ..................................... Mississippi ................................... Southern Plains ............................... Oklahoma .................................... Texas ........................................... Mountain .......................................... Arizona 2 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 2 ...................................... New Mexico 2 ............................... Utah 2 .......................................... Wyoming ..................................... Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. United States 3 .................................
3,870 2,210 4,970 3,580 3,060
2,330 2,270 2,570 2,210
1,500 1,370 1,530
626 (D) 792
1,280 649 (D) 349
1,090 530
1,640 2,740
666 787
1,310
4,000 2,280 5,200 3,540 3,120
2,420 2,410 2,570 2,300
1,480 1,380 1,500
636 (D) 803
1,350 649 (D) 363
1,100 540
1,660 2,760
692 790
1,320
4,030 2,360 5,240 3,570 3,180
2,480 2,460 2,660 2,350
1,490 1,350 1,520
647 (D) 818
1,420 658 (D) 379
1,130 550
1,680 2,780
715 782
1,330
4,180 2,470 5,380 3,660 3,260
2,550 2,530 2,750 2,410
1,540 1,380 1,570
667 (D) 835
1,490 667 (D) 394
1,160 561
1,680 2,810
728 766
1,370
4,180 2,590 5,360 3,730 3,240
2,620 2,610 2,830 2,430
1,620 1,460 1,660
683 (D) 845
1,560 680 (D) 417
1,240 575
1,750 3,010
750 766
1,400
- 4.9
-0.4 1.9
-0.6
2.7 3.2 2.9 0.8
5.2 5.8 5.7
2.4 (X) 1.2 4.7 1.9 (X) 5.8 6.9 2.5
4.2 7.1 3.0
-
2.2
- Represents zero. (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.
16 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
Value of Farmland and Buildings – States and United States: 2014-2018 [Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms]
Region and State
Total value of land and buildings
2014 2015 2016 2017 2018 Change
2017-2018
(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 ...................................... 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 ...............................
4,788 4,151 2,968
14,060 5,355 1,962 9,490
19,180 43,396
840 3,948
46,827 122,846 62,785
202,708 101,232 254,592 85,400 78,960
94,554 139,810 70,526 88,765
42,051 38,590 39,458 35,478 9,288
4,680 4,217 3,038
14,540 5,300 1,958 9,709
21,630 42,825
858 4,020
48,706 122,332 65,520
200,610 103,257 234,702 90,117 83,020
94,095 135,751 73,491 98,724
44,147 38,760 40,221 35,076 9,468
4,641 4,311 2,873
14,940 5,350 1,982 9,709
21,770 42,486
876 4,080
48,020 122,624 65,088
197,100 101,767 225,522 89,838 83,580
87,478 130,050 68,775 94,827
46,020 38,675 41,093 35,313 9,432
4,598 4,373 3,081
15,240 5,292 2,090 9,782
21,804 44,019
894 4,164
48,412 124,185 69,641
193,320 98,700
224,910 86,736 84,140
86,562 126,900 68,382 90,720
47,840 38,472 41,856 35,802 9,768
4,674 4,457 3,081
15,720 5,450 2,107
10,125 22,287 45,625
912 4,248
48,608 123,675 70,070
196,560 98,700
222,462 93,626 86,180
84,730 123,750 67,203 89,424
48,633 38,976 42,728 36,036 9,540
1.7 1.9
- 3.1 3.0 0.8 3.5 2.2 3.6 2.0 2.0
0.4 -0.4 0.6
1.7 -
-1.1 7.9 2.4
-2.1 -2.5 -1.7 -1.4
1.7 1.3 2.1 0.7
-2.3
See footnote(s) at end of table. --continued
Land Values 2019 Summary (August 2019) 17 USDA, National Agricultural Statistics Service
Value of Farmland and Buildings – States and United States: 2014-2018 (continued) [Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms]
Region and State
Total value of land and buildings
2014 2015 2016 2017 2018 Change
2017-2018
(million dollars) (million dollars) (million dollars) (million dollars) (million dollars) (percent)
Southeast Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. Delta States Arkansas ..................................... Louisiana ..................................... Mississippi ................................... Southern Plains Oklahoma .................................... Texas ........................................... Mountain Arizona 1 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 1 ...................................... New Mexico 1 ............................... Utah 1 .......................................... Wyoming ..................................... Pacific California ..................................... Oregon ........................................ Washington .................................. United States 2 .................................
23,232 50,784 32,010 15,043
39,054 21,014 25,704
53,320 233,490
25,437 43,884 27,963 50,681 5,829
20,669 15,114 19,196
185,472 33,578 36,015
2,581,497
23,577 52,608 32,046 15,024
41,676 21,962 26,500
55,909 239,010
25,211 47,550 29,601 52,126 5,934
20,268 15,523 20,374
194,718 34,668 38,073
2,623,130
24,252 52,896 34,100 15,264
41,700 22,960 27,195
57,967 234,600
24,929 47,550 30,044 52,443 5,829
20,586 15,512 20,481
200,384 35,840 39,396
2,602,148
25,026 56,842 35,600 15,228
43,229 23,680 27,664
59,850 243,840
26,058 48,972 31,941 53,278 5,722
20,977 15,983 20,648
219,765 37,760 40,572
2,644,318
25,330 57,230 35,451 15,888
43,924 24,320 28,496
61,560 260,350
26,493 49,608 33,292 53,128 5,722
21,100 16,290 21,054
227,205 38,880 41,748
2,686,656
1.2 0.7
-0.4 4.3
1.6 2.7 3.0
2.9 6.8
1.7 1.3 4.2
-0.3 -
0.6 1.9 2.0
3.4 3.0 2.9
1.6
- Represents zero. 1 Value of all land and buildings adjusted to include American Indian Reservation land value. 2 Excludes Alaska and Hawaii.
18 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
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.
Land Values 2019 Summary (August 2019) 19 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 10,500 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.
20 Land Values 2019 Summary (August 2019) USDA, National Agricultural Statistics Service
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.
Land Values 2019 Summary (August 2019) 21 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].
Jody McDaniel, Chief, Environmental, Economics, and Demographics Branch ............................................ (202) 720-6146
Bruce Boess, Head, Economics Section .......................................................................................................... (202) 720-4447
Eric Barnes – Cash Receipts, Farm Computer Use, Land Values ............................................................. (202) 690-3225
Stephanie Brennan – Farm Production Expenditures ................................................................................ (202) 690-0392
Kuan Chen – Prices, Prices Indexes, Parity Prices .................................................................................... (202) 690-3347
Ryan Cowen – Cash Rents, Farms, Land in Farms, Grazing Fees ............................................................ (202) 720-2250
Doug Farmer – Chemical Use ................................................................................................................... (202) 690-3229
Stephen Habets – Prices, Prices Indexes, Parity Prices ............................................................................. (202) 720-9168
Michael Mathison – Farm Production Expenditures ................................................................................. (202) 720-3243
John Stephens – Prices, Prices Indexes, Parity Prices ............................................................................... (202) 720-8844
Theresa Varner – Farm Labor ................................................................................................................... (202) 690-3231
Released August 6, 2019, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board,
United States Department of Agriculture (USDA).
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employment on the basis of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where
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