United States Land Values Department of Agriculture · 2017. 8. 3. · 4 Land Values 2017 Summary (August 2017) USDA, National Agricultural Statistics Service Agricultural Land Values

United States Department of Agriculture National Agricultural Statistics Service

ISSN: 1949-1867

Land Values 2017 Summary August 2017

Land Values 2017 Summary (August 2017) 3 USDA, National Agricultural Statistics Service

Contents Agricultural Land Values Highlights ...................................................................................................................................... 4

Average Farm Real Estate Value – United States: 2003-2017 Chart ..................................................................................... 5

2017 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2016 Map .......................................... 5

Average Cropland Value – United States: 2003-2017 Chart .................................................................................................. 6

2017 Cropland Value by State – Dollars per Acre and Percent Change from 2016 Map ....................................................... 6

Average Pasture Value – United States: 2003-2017 Chart ..................................................................................................... 7

2017 Pasture Value by State – Dollars per Acre and Percent Change from 2016 Map .......................................................... 7

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2013-2017 ................................................. 8

Cropland, Average Value per Acre – Region, State, and United States: 2013-2017 ............................................................ 10

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2013-2017 ........................................................... 12

Pasture Average Value per Acre – Region, State, and United States: 2013-2017 ................................................................ 14

Value of Farmland and Buildings – Region, State, and United States: 2012-2016 .............................................................. 16

Economic Regions ............................................................................................................................................................... 18

Statistical Methodology ........................................................................................................................................................ 19

Terms and Definitions ........................................................................................................................................................... 20

Information Contacts ............................................................................................................................................................ 21

4 Land Values 2017 Summary (August 2017) 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

$3,080 per acre for 2017, up $70 per acre (2.3 percent) from 2016 values. Regional changes in the average value of farm

real estate ranged from a 8.7 percent increase in the Pacific region to 1.8 percent decrease in the Northern Plains region.

The highest farm real estate values were in the Corn Belt region at $6,260 per acre. The Mountain region had the lowest

farm real estate value at $1,130 per acre.

The United States cropland value remained unchanged at $4,090 per acre from the previous year. In the Southern Plains

region, the average cropland value increased 6.0 percent from the previous year. However, in the Northern Plains region,

cropland values decreased by 4.4 percent.

The United States pasture value increased by $20 per acre (1.5 percent) from 2016 values. The Delta region had the

highest increase of 2.9 percent from 2016. The largest decrease, at 1.7 percent, was in the Corn Belt region.


1,270 1,340

1,610 1,830

2,0102,170 2,090 2,150

2,3002,520

2,7302,950 3,020 3,010

3,080

0

500

1,000

1,500

2,000

2,500

3,000

3,500

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Dollars per acre

Average Farm Real Estate Value – United States

USDA - NASSAugust 3, 2017


1,660 1,750

2,060 2,300

2,5302,760

2,640 2,7002,980

3,350

3,8104,100 4,130 4,090 4,090

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Dollars per acre

Average Cropland Value – United States



605 630

740

9601,030

1,090 1,060 1,060 1,0701,110

1,170

1,300 1,330 1,3301,350

0

200

400

600

800

1,000

1,200

1,400

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Dollars per acre

Average Pasture Value – United States



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

Region and state 2013 2014 2015 2016 2017 Change

2016-2017

(dollars) (dollars) (dollars) (dollars) (dollars) (percent)

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

4,850 11,100 8,170 2,100 6,930

10,400 4,310

12,800 2,600 5,430

13,800 3,200

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

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

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

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

4,930 11,200 8,180 2,080 6,900

10,400 4,280

12,800 2,700 5,600

13,700 3,260

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

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

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

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

5,020 11,300 8,180 2,090 7,000

10,400 4,280

13,000 3,000 5,500

13,800 3,300

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

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

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

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

5,010 11,200 8,400 2,090 7,060

10,400 4,350

12,800 2,980 5,500

13,800 3,320

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

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

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

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

5,050 11,200 8,400 2,200 7,060

10,400 4,500

12,800 2,980 5,600

13,800 3,360

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

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

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

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

0.8 - -

5.3 - -

3.4 - -

1.8 -

1.2

3.4 -

1.1 9.5

-0.5 -1.4 -2.1 1.9

-1.5 -0.9

-1.8 -1.6 -1.7 0.5

-3.1

1.1 2.1

- 1.4 1.2

-

See footnote(s) at end of table. --continued


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


2016-2017


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

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

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

1,630 1,450 1,680

1,010 3,500 1,280 2,220

790 1,040

500 1,900

600

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

2,730

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

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

1,790 1,580 1,850

1,070 3,740 1,350 2,360

860 1,080

520 2,030

630

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

2,950

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

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

1,890 1,700 1,940

1,100 3,780 1,440 2,470

890 1,130

510 2,050

660

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

3,020

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

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

1,930 1,800 1,960

1,110 3,800 1,420 2,500

900 1,110

520 2,040

660

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

3,010

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

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

2,050 1,900 2,090

1,130 4,100 1,430 2,600

920 1,110

530 2,070

660

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

3,080

3.8 1.9 5.6 4.4

-

3.2 4.3 3.4 1.2

6.2 5.6 6.6

1.8 7.9 0.7 4.0 2.2

- 1.9 1.5

-

8.7 10.1 5.0 5.3

2.3

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


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


2016-2017


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

5,260 7,870 6,470

12,900 2,550 5,840 7,060

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

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

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

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

5,260 7,880 6,470

13,000 2,530 5,840 7,020

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

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

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

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

5,330 7,950 6,470

13,500 2,600 5,900 7,090

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

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

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

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

5,390 8,200 6,530

13,000 2,580 6,100 7,090

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

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

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

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

5,350 8,100 6,530

13,000 2,580 6,000 7,200

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

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

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

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

-0.7 -1.2

- - -

-1.6 1.6

1.9

-1.1 1.1 6.1

-0.6 -1.3 -4.3 1.3 1.3

-0.3

-4.4 -3.9 -6.2

- -5.4

1.3 2.1

- 1.1 1.1

-



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

Region and State 2013 2014 2015 2016 2017 Change

2016-2017



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

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

1,480 1,390 1,520

1,780 8,290 1,770 2,850

890 (D)

1,450 3,230 1,360

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

3,810

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

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

1,630 1,500 1,680

1,690 8,320 1,840 3,040

987 2,670 1,450 3,260 1,370

5,860

10,140 2,500 2,560

4,100

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

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

1,770 1,590 1,840

1,740 8,320 1,910 3,200

997 2,670 1,440 3,300 1,370

6,160

10,690 2,600 2,630

4,130

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

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

1,820 1,640 1,890

1,760 8,300 1,910 3,300 1,010

(D) 1,450 3,340 1,370

6,330

10,910 2,730 2,760

4,090

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

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

1,930 1,740 2,010

1,780 8,400 1,920 3,400 1,020

(D) 1,480 3,420 1,350

6,570

11,290 2,860 2,890

4,090

0.5 1.7 0.3 0.3 1.6

3.0 3.0 4.6 1.5

6.0 6.1 6.3

1.1 1.2 0.5 3.0 1.0 (X) 2.1 2.4

-1.5

3.8 3.5 4.8 4.7

-

- 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.


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

Region, State, and land type

2013 2014 2015 2016 2017 Change

2016-2017


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 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 ...........................................

3,500 4,140 3,450

1,930 2,760 1,840

4,860 6,700 3,730

2,840

(D) 2,820

6,450 7,280 5,660

3,080 3,120 3,070

2,380 2,790 1,760

2,260 2,150 2,300

2,470 2,760 2,330

1,390 (D)

1,370

1,520 1,700 1,490

3,810 4,750 3,730

2,260 3,280 2,150

5,180 7,100 4,000

3,430

(D) 3,400

6,500 7,430 5,630

3,080 3,430 2,950

2,540 3,000 1,840

2,380 2,270 2,420

2,570 2,930 2,390

1,500 (D)

1,480

1,680 1,880 1,650

3,810 5,130 3,700

2,210 3,270 2,090

5,070 6,870 3,970

3,730

(D) 3,700

6,560 7,570 5,610

3,160 3,600 3,000

2,630 3,100 1,900

2,500 2,400 2,530

2,620 3,030 2,420

1,590 (D)

1,580

1,840 2,050 1,800

3,770 5,100 3,660

2,050 3,000 1,940

4,850 6,560 3,800

3,520

(D) 3,500

6,730 7,600 5,900

3,410 4,000 3,200

2,710 3,200 1,950

2,620 2,550 2,650

2,680 3,150 2,460

1,640 (D)

1,620

1,890 2,050 1,860

3,820 5,300 3,700

1,970 2,850 1,870

4,550 6,180 3,550

3,330

(D) 3,300

6,750 7,650 5,900

3,420 4,070 3,180

2,790 3,300 2,000

2,740 2,700 2,750

2,720 3,230 2,480

1,740 (D)

1,720

2,010 2,200 1,980

1.3 3.9 1.1

-3.9 -5.0 -3.6

-6.2 -5.8 -6.6

-5.4 (X)

-5.7

0.3 0.7

-

0.3 1.8

-0.6

3.0 3.1 2.6

4.6 5.9 3.8

1.5 2.5 0.8

6.1 (X) 6.2

6.3 7.3 6.5



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

Region, State, and land type

2013 2014 2015 2016 2017 Change

2016-2017


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 ....................................................

8,290 8,290

1,770 4,100 1,200

2,850 4,240 1,310

890

2,780 710

(D) (D)

1,450 3,910

400

3,230 5,200 1,100

1,360 2,140

(D)

9,860 11,800 3,400

2,400 3,940 1,830

2,420 7,240 1,170

8,320 8,320

1,840 4,450 1,200

3,040 4,600 1,320

987

2,950 800

2,670 2,670

1,450 3,930

390

3,260 5,250 1,120

1,370 2,190

780

10,140 12,100 3,650

2,500 4,140 1,900

2,560 7,670 1,230

8,320 8,320

1,910 4,650 1,230

3,200 4,830 1,400

997

2,960 810

2,670 2,670

1,440 3,920

390

3,300 5,300 1,140

1,370 2,190

770

10,690 12,700 4,000

2,600 4,360 1,950

2,630 7,850 1,280

8,300 8,300

1,910 4,600 1,250

3,300 5,000 1,420

1,010 2,980

820

(D) (D)

1,450 3,930

390

3,340 5,350 1,170

1,370 2,200

770

10,910 12,900 4,300

2,730 4,650 2,020

2,760 8,250 1,330

8,400 8,400

1,920 4,600 1,260

3,400 5,150 1,460

1,020 2,980

830

(D) (D)

1,480 3,930

440

3,420 5,500 1,180

1,350 2,170

760

11,290 13,300 4,600

2,860 4,850 2,120

2,890 8,700 1,380

1.2 1.2

0.5

- 0.8

3.0 3.0 2.8

1.0

- 1.2

(X) (X)

2.1

- 12.8

2.4 2.8 0.9

-1.5 -1.4 -1.3

3.5 3.1 7.0

4.8 4.3 5.0

4.7 5.5 3.8

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


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


2016-2017


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

3,370 (D)

13,500 1,240 2,770 5,840

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

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

754

1,150 643 578 667

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

3,460 6,000

13,500 1,330 2,900 5,790

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

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

954

1,300 900 750 860

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

3,480 6,000

13,500 1,430 2,850 5,840

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

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

1,020 1,390

870 850 980

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

3,390 6,100

12,500 1,400 2,700 5,850

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

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

1,020 1,290

910 830

1,020

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

3,420 6,100

12,500 1,400 2,800 5,850

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

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

1,040 1,280

930 850

1,060

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

0.9 - - -

3.7 -

1.5 -1.9 3.0 2.2

-1.7 -2.9 -0.4 -8.8 2.1

-1.6

2.0 -0.8 2.2 2.4 3.9

0.6 1.1

- 1.1

- 1.0



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


2016-2017



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

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

1,410 1,210 1,450

594 (D) 680

1,220 580 (D) 320 950 470

1,590 2,650

620 800

1,170

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

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

1,540 1,360 1,580

611 (D) 760

1,220 640 (D) 360

1,050 490

1,610 2,700

630 810

1,300

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

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

1,570 1,430 1,600

614 (D) 760

1,250 650 (D) 340

1,050 510

1,630 2,700

660 820

1,330

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

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

1,580 1,470 1,600

617 (D) 760

1,300 650 (D) 350

1,040 510

1,640 2,700

680 840

1,330

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

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

1,620 1,470 1,650

625 (D) 760

1,350 660 (D) 360

1,050 510

1,650 2,700

700 850

1,350

0.3 2.3

- 0.8

-

2.9 2.9 3.8 0.9

2.5

- 3.1

1.3 (X)

- 3.8 1.5 (X) 2.9 1.0

-

0.6 -

2.9 1.2

1.5

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


Value of Farmland and Buildings – Region, State, and United States: 2012-2016 [Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms]

Region and State

Total value of land and buildings

2012 2013 2014 2015 2016 Change

2015-2016

(million dollars) (million dollars) (million dollars) (million dollars) (million dollars) (percent)

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

4,928 4,157 3,002

13,723 5,408 2,087 8,856

19,027 40,810

966 3,825

38,706 97,240 60,006

167,049 85,848

199,818 76,693 64,960

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

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

4,884 4,085 3,150

14,207 5,408 2,026 9,216

18,720 41,811

966 4,000

42,785 111,370 59,860

190,990 94,080

235,620 80,940 71,400

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

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

4,928 4,090 3,016

14,007 5,408 2,012 9,216

19,386 43,232

959 4,075

46,765 123,025 63,800

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

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

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

4,972 4,090 3,031

14,140 5,408 2,012 9,360

21,600 42,350

966 4,125

48,755 121,730 67,680

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

93,380 137,860 75,264

100,456

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

4,928 4,200 3,031

14,332 5,408 2,045 9,216

21,456 42,350

966 4,150

47,760 121,730 68,400

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

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

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

-0.9 2.7

- 1.4

- 1.6

-1.5 -0.7

- -

0.6

-2.0 -

1.1

-1.7 -

-1.9 1.5

-0.9

-7.4 -3.3 -4.7 -3.0

3.1 -1.1 1.4

-0.5 -1.2



Value of Farmland and Buildings – Region, State, and United States: 2012-2016 (continued) [Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms]

Region and state

Total value of land and buildings

2012 2013 2014 2015 2016 Change

2015-2016

(million dollars) (million dollars) (million dollars) (million dollars) (million dollars) (percent)

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

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

36,156 18,960 24,525

47,128 220,038

17,960 37,323 25,252 45,448 5,071

20,641 12,773 17,936

176,128 31,948 33,222

2,223,067

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

37,260 20,018 24,743

49,880 218,568

18,506 40,576 26,196 47,163 5,113

19,929 13,439 18,120

175,950 32,505 34,040

2,397,034

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

39,330 20,826 25,506

54,194 240,500

23,922 42,930 27,848 51,342 5,566

20,663 15,528 19,152

186,150 33,620 36,750

2,595,159

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

42,090 21,700 26,136

58,140 252,200

24,125 45,648 29,146 53,133 5,817

20,310 15,669 20,064

196,350 34,768 39,690

2,651,697

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

42,090 22,475 26,676

61,560 254,800

24,226 45,014 29,500 53,730 5,710

20,663 15,598 20,064

200,660 36,080 41,895

2,645,481

3.8

- 5.1

-0.3

- 3.6 2.1

5.9 1.0

0.4 -1.4 1.2 1.1

-1.8 1.7

-0.5 -

2.2 3.8 5.6

-0.2

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


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.


Statistical Methodology Survey Procedures: The estimates of land values in this report are based primarily on the June Area Survey, conducted

during the first two weeks of June. This annual survey uses a complete, probability-based land-area sampling frame. A

sample of approximately 11,000 segments of land is selected, each approximately one square mile in size.

Enumerators collecting data for the June Area Survey contact all agricultural producers operating land within the

boundaries of the sampled land segments and record land value information for cropland and pasture within these

segments. They also collect an estimated value of all land and buildings for the operator’s entire farming operation and the

estimated percent change from the previous year.

Survey reported data are reviewed for reasonableness and consistency by comparing with other data reported in the survey

and with data reported within the segment the previous year.

Estimating Procedures: Once the data are summarized, each Regional Field Office (RFO) conducts an analysis of the

summarized indications and any other available information for their States. RFOs then set estimates for land values and

submit these recommendations along with their assessment of survey and other administrative information to the

Agricultural Statistics Board (ASB).

Survey data are also summarized for Regional and National levels and reviewed independently of each State’s review.

National targets are established by the ASB. After RFO recommendations are submitted, the ASB reviews the RFO

estimates and supporting comments and any conflicts with targeted National levels are resolved.

The Regional and United States estimates are weighted by the amount of cropland and pasture in each state, based on the

most recent Census of Agriculture. For the purposes of this report, cropland pastured is defined as cropland.

Published Estimates: State averages are not published for States with limited reports to ensure confidentiality of

individual operations. While the June Area Survey is the primary source of data for the estimates, supplemental survey

data and potential previous year revisions are also considered, as described in the more detailed NASS Land Values

Methodology and Data Collection publication. As such, the estimates reflect an average of land values for the year

Revision Policy: For non-census years land values are subject to an annual revision the following year. After the 5-year

Census of Agriculture is completed, land value estimates for the non-census years are subject to a final historic revision.

The basis for revision must be supported by additional data that directly affect the level of the estimate.


Terms and Definitions

Farm: Any establishment from which $1,000 or more of agricultural products were sold or would normally be sold

during the year. Government payments are included in sales.

Farm real estate value: The value at which all land and buildings used for agriculture production including dwellings,

could be sold under current market conditions, if allowed to remain on the market for a reasonable amount of time.

Cropland value: The value of land used to grow field crops, vegetables or land harvested for hay. Land that switches

back and forth between cropland and pasture should be valued as cropland. Hay land, idle cropland and cropland enrolled

in government conservation programs should be valued as cropland.

Irrigated cropland value: The value of land that normally receives or has the potential to receive water by artificial

means to supplement natural rainfall. Irrigated cropland may consist of both land that will or will not be irrigated during

the current year, but still has the facilities and equipment to do so. Irrigation facilities and equipment such as wells,

pumps, canals, ditches, reservoirs, lakes, tanks, ponds, rivers, streams or creeks are usually present or on nearby acres.

Non-irrigated cropland value: The value of land that only receives water by natural rainfall.

Pasture, grazing and grassland value: The value of land that is normally grazed by livestock. Pasture does not need to

have livestock grazing on it at the time of interview or during the current year in order to be valued as pasture or grazing

land.


Information Contacts

Listed below are the commodity statisticians in the Environmental, Economics and Demographics Branch of the National

Agricultural Statistics Service to contact for additional information. Email inquiries may be sent to [email protected].

Jody McDaniel, Chief, Environmental, Economics and Demographics Branch ............................................. (202) 720-6146

Tony Dorn, Head, Economics Section ............................................................................................................. (202) 690-3223

Rachel Antzak – Cash Receipts, Land Values .......................................................................................... (202) 720-5446

Daryl Brinkman – Prices Received, Prices Received Indexes, Parity Prices ............................................ (202) 720-8844

Kuan Chen – Prices, Prices Research ........................................................................................................ (202) 690-3347

Liana Cuffman – Prices Paid, Prices Paid Indexes .................................................................................... (202) 690-3229

Stephen Habets – Production Expenditures ............................................................................................... (202) 720-9168

Joe Hagedorn – Cash Rents, Grazing Fees ................................................................................................ (202) 690-3231

Ben Johnson – Economics and Demographics Processing........................................................................ (202) 690-3225

Michael Mathison – Farm Expenditures ................................................................................................... (202) 720-3243

Scott Shimmin, Head, Environmental and Demographics Section .................................................................. (202) 720-0684

Stephanie Brennan – Field Crops Chemical Use ...................................................................................... (202) 690-0392

Natasha Bruton – Current Agricultural Industrial Reports ........................................................................ (202) 720-7644

Courtney Charles – Current Agricultural Industrial Reports ..................................................................... (202) 690-3226

Ryan Cowen – Farms, Land in Farms, Census of Agriculture .................................................................. (202) 690-3233

Doug Farmer – Vegetable Chemical Use .................................................................................................. (202) 720-7492

Virginia Harris – Census of Agriculture .................................................................................................... (502) 582-5257

Dominique Sims – Census of Agriculture ................................................................................................. (202) 690-4752

Theresa Varner – Farm Labor, Chemical Use ........................................................................................... (202) 690-2284

Released August 3, 2017, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board,

United States Department of Agriculture (USDA).

Access to NASS Reports For your convenience, you may access NASS reports and products the following ways:

All reports are available electronically, at no cost, on the NASS web site: www.nass.usda.gov

Both national and state specific reports are available via a free e-mail subscription. To set-up this free subscription, visit www.nass.usda.gov and click on “National” or “State” in upper right corner above “search”

box to create an account and select the reports you would like to receive.

For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540,

7:30 a.m. to 4:00 p.m. ET, or e-mail: [email protected].

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 http://www.ascr.usda.gov/complaint_filing_cust.html, 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].
https://www.nass.usda.gov/https://www.nass.usda.gov/http://www.ocio.usda.gov/sites/default/files/docs/2012/Complain_combined_6_8_12.pdfhttp://www.ocio.usda.gov/sites/default/files/docs/2012/Complain_combined_6_8_12.pdfhttp://www.ascr.usda.gov/complaint_filing_cust.htmlmailto:[email protected]

United States Land Values Department of Agriculture · 2017. 8. 3. · 4 Land Values 2017 Summary (August 2017) USDA, National Agricultural Statistics Service Agricultural Land Values

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