Nation’s Ag Land Values Continue To Rise
Farm real estate values in the U.S., which is a measurement of the value of all land and buildings on farms, averaged $2,900 per acre for 2013, up 9.4% from revised 2012 values. Regional changes in the average value of farm real estate ranged from a 23.1% increase in the Northern Plains region to no change in the Southeast region. The highest farm real estate values were in the Cornbelt region at $6,400 per acre. The Mountain region had the lowest farm real estate value at $1,020 per acre.
The cropland value increased by $460 per acre to $4,000 per acre. In the Northern Plains and Corn Belt regions, the average cropland value increased 25.0 and 16.1%, respectively, from the previous year.
However, in the Southeast region, cropland values decreased by 2.8%.
Pasture value increased to $1,200 per acre, or 4.3% above 2012. The Southeast region had the largest percentage decrease in pasture value, 1.5% below 2012. The Northern Plains had the highest increase at 18.4%.