United States Land Values Department of Agriculture · PDF file4 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service Agricultural Land Values Highlights

United States Department of Agriculture National Agricultural Statistics Service

ISSN: 1949-1867

Land Values 2015 Summary August 2015

Land Values 2015 Summary (August 2015) 3 USDA, National Agricultural Statistics Service

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

Farm Real Estate, Average Value per Acre – United States: 2006-2015 ............................................................................... 5

2015 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2014 .................................................. 5

Cropland, Average Value per Acre – United States: 2006-2015 ............................................................................................ 6

2015 Cropland Value by State – Dollars per Acre and Percent Change from 2014 ............................................................... 6

Pasture, Average Value per Acre – United States: 2006-2015 ............................................................................................... 7

2015 Pasture Value by State – Dollars per Acre and Percent Change from 2014 .................................................................. 7

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2011-2015 ................................................. 8

Cropland, Average Value per Acre – Region, State, and United States: 2011-2015 ............................................................ 10

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2011-2015 ........................................................... 12

Pasture Average Value per Acre – Region, State, and United States: 2011-2015 ................................................................ 14

Value of Farmland and Buildings – Region, State, and United States: 2010-2014 .............................................................. 16

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

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

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

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

4 Land Values 2015 Summary (August 2015) 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

$3,020 per acre for 2015, up 2.4 percent from 2014 values. Regional changes in the average value of farm real estate

ranged from a 6.1 percent increase in the Southern Plains region to 0.3 percent decrease in the Corn Belt region. The

highest farm real estate values were in the Corn Belt region at $6,350 per acre. The Mountain region had the lowest farm

real estate value at $1,100 per acre.

The United States cropland value increased by $30 per acre (0.7 percent) to $4,130 per acre from the previous year. In the

Southern Plains region, the average cropland value increased 9.2 percent from the previous year. However, in the Corn

Belt region, cropland values decreased by 2.3 percent.

The United States pasture value increased to $1,330 per acre, or 2.3 percent above 2014. The Southeast region was

unchanged from 2014. The Lake States region had the highest increase at 15.4 percent.


0

500

1,000

1,500

2,000

2,500

3,000

3,500

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Dollars per acre

Average Farm Real Estate Value -- United States

USDA - NASSAugust 5, 2015


0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Dollars per acre

Average Cropland Value -- United States


0

200

400

600

800

1000

1200

1400

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Dollars per acre

Average Pasture Value -- United States

USDA - NASSAugust 5, 2015


Farm Real Estate, Average Value per Acre – Region, State, and United States: 2011-2015

Region and state 2011 2012 2013 2014 2015 Change

2014-2015

(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 ...............................

4,690 11,600 8,140 2,080 6,870

10,900 4,560

12,800 2,450 5,070

14,400 2,980

3,450 3,600 3,160 3,880

4,460 5,390 5,070 5,410 2,420 4,160

1,290 1,240 1,840

930 1,090

3,520 2,750 4,340 3,510 4,350 2,580

4,790 11,200 8,150 2,070 6,760

10,400 4,440

12,300 2,650 5,300

13,800 3,060

3,880 3,890 3,740 4,110

5,190 6,210 5,840 6,530 2,710 4,640

1,620 1,510 2,420 1,160 1,330

3,530 2,840 4,330 3,520 4,260 2,540

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

1.8 0.9

- 0.5 1.4

- -

1.6 11.1 -1.8 0.7 1.2

2.2 4.3

-1.1 6.8

-0.3 -0.3 2.9

-5.9 8.1 3.6

2.6

-1.0 -2.2 5.5

12.1

1.1 3.2

-0.2 1.4

- 1.6

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


Farm Real Estate, Average Value per Acre – Region, State, and United States: 2011-2015 (continued)


2014-2015


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

3,610 2,340 5,130 3,610 2,980

2,300 2,440 2,200 2,200

1,580 1,260 1,670

899

3,330 1,100 2,060

710 995 470

1,800 560

4,100 6,670 1,900 2,060

2,300

3,530 2,390 5,160 3,260 3,010

2,440 2,620 2,400 2,250

1,620 1,370 1,690

953

3,370 1,170 2,140

760 1,040

520 1,800

590

4,270 6,880 1,960 2,260

2,520

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

1,900 1,730 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

1.1 1.2 2.9

-0.9 -

5.3 7.0 4.9 3.4

6.1 9.5 4.9

2.8 1.1 6.7 4.7 3.5 4.6

-1.9 1.0 4.8

5.8 5.5 3.4 8.0

2.4

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


Cropland, Average Value per Acre – Region, State, and United States: 2011-2015


2014-2015


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

5,200 7,840 6,680

12,900 2,400 5,630 7,170

3,310 3,370 3,070 3,780

4,810 5,480 5,070 5,600 2,790 4,160

1,730 1,340 3,130

987 1,790

3,440 3,080 3,610 3,270 4,350 3,340

5,280 7,850 6,570

12,400 2,600 5,760 7,120

3,790 3,660 3,740 4,000

5,600 6,300 5,840 6,810 3,120 4,640

2,210 1,650 4,190 1,260 2,200

3,550 3,210 3,850 3,260 4,500 3,250

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

4,670 4,550 4,750 4,600

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

1.3 0.9

- 3.8 2.8 1.0 1.0

-

1.1 -2.5 5.7

-2.3 -0.6 -0.7 -6.3

- 3.5

1.3

-2.2 -2.1 4.4 8.7

1.3 4.8

-2.4 2.1

-0.4 1.2



Cropland, Average Value per Acre – Region, State, and United States: 2011-2015 (continued)

Region and State 2011 2012 2013 2014 2015 Change

2014-2015



3,810 2,680 6,580 3,360 2,590

2,020 1,990 1,970 2,100

1,450 1,130 1,580

1,540 7,610 1,340 2,470

806 (D)

1,740 2,690 1,320

5,070 9,130 2,180 1,930

2,980

3,710 2,750 6,420 3,130 2,620

2,160 2,180 2,120 2,180

1,500 1,280 1,590

1,600 7,960 1,450 2,580

852 (D)

1,550 2,690 1,360

5,310 9,400 2,340 2,190

3,350

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

1,780 1,620 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

1.1 -

0.9 2.6

-

3.6 3.5 5.0 1.9

9.2 8.0 9.5

3.0

- 3.8 5.3 1.0

- -0.7 1.2

-

5.1 5.4 4.0 2.7

0.7

- Represents zero. (D) Withheld to avoid disclosing data for individual operations. 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: 2011-2015 [Only States with significant irrigated acreage appear in this table]

Region, State, and land type

2011 2012 2013 2014 2015 Change

2014-2015


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

2,790 3,320 2,750

1,340 1,810 1,290

3,130 4,080 2,510

1,790

(D) 1,780

6,580 7,090 6,110

3,360 3,140 3,420

1,990 2,300 1,640

1,970 1,850 2,000

2,100 2,330 2,020

1,130 (D)

1,120

1,580 1,670 1,560

3,120 3,640 3,080

1,650 2,250 1,590

4,190 5,610 3,270

2,200

(D) 2,190

6,420 7,180 5,720

3,130 2,980 3,170

2,180 2,530 1,790

2,120 2,000 2,150

2,180 2,440 2,090

1,280 (D)

1,270

1,590 1,660 1,580

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

1,620 (D)

1,610

1,840 2,050 1,800

-

8.0 -0.8

-2.2 -0.3 -2.8

-2.1 -3.2 -0.8

8.7 (X) 8.8

0.9 1.9

-0.4

2.6 5.0 1.7

3.5 3.3 3.3

5.0 5.7 4.5

1.9 3.4 1.3

8.0 (X) 8.8

9.5 9.0 9.1



Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2011-2015 (continued) [Only States with significant irrigated acreage appear in this table]

Region, State, and land type

2011 2012 2013 2014 2015 Change

2014-2015


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

7,610 7,610

1,340 3,160

880

2,470 3,820 1,210

806

2,690 630

(D) (D)

1,740 5,190

410

2,690 5,000 1,030

1,320 2,140

(D)

9,130 11,100 3,480

2,180 3,470 1,710

1,930 5,130 1,080

7,960 7,960

1,450 3,400

960

2,580 4,040 1,210

852

2,690 680

(D) (D)

1,550 4,450

430

2,690 5,000 1,030

1,360 2,170

(D)

9,400 11,500 3,390

2,340 3,920 1,770

2,190 6,190 1,130

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

- -

3.8 4.5 2.5

5.3 5.0 6.1

1.0 0.3 1.3

- -

-0.7 -0.3

-

1.2 1.0 1.8

- -

-1.3

5.4 5.0 9.6

4.0 5.3 2.6

2.7 2.3 4.1

- 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: 2011-2015


2014-2015


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

3,220 (D)

14,000 1,200 2,640 5,730

1,710 2,340 1,320 2,000

2,000 2,650 2,390 2,520 1,610 2,840

531 773 503 389 453

3,170 2,290 4,590 3,460 4,060 2,010

3,240 (D)

13,600 1,250 2,650 5,760

1,740 2,290 1,390 2,010

2,130 2,870 2,450 2,800 1,700 2,970

648 938 617 458 561

3,110 2,330 4,330 3,410 3,920 1,980

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

2,250 2,680 1,900 2,500

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

1,020 1,390

870 850 980

3,350 2,750 4,700 3,500 4,050 2,020

0.6 - -

7.5 -1.7 0.9

15.4 7.2

18.8 16.3

3.4 4.4 2.0

- 5.4 1.3

6.9 6.9

-3.3 13.3 14.0

2.1 1.9

-1.3 2.9 3.1 1.0



Pasture, Average Value per Acre – Region, State, and United States: 2011-2015 (continued)


2014-2015



3,900 1,830 4,910 4,750 2,980

2,120 2,160 2,200 2,000

1,350

985 1,430

523 (D) 640

1,230 530 (D) 290 920 450

1,620 2,710

640 810

1,070

3,700 1,850 4,820 3,910 2,960

2,130 2,110 2,300 2,030

1,390 1,060 1,460

550 (D) 640

1,220 570 (D) 330 920 480

1,590 2,680

600 800

1,110

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 1,420 1,600

614 (D) 760

1,250 650 (D) 340

1,050 510

1,630 2,700

660 820

1,330

- 1.9

-0.2 -1.9 1.4

2.2 2.2 3.6 1.4

1.9 4.4 1.3

0.5 (X)

- 2.5 1.6 (X)

-5.6 -

4.1

1.2 -

4.8 1.2

2.3

- 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: 2010-2014 [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

2010 2011 2012 2013 2014 Change

2013-2014

(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 ...............................

4,715 4,065 2,870

14,309 5,936 2,204 9,301

17,040 38,633 1,022 3,596

34,830 75,481 53,655

126,968 61,674

133,110 65,149 53,284

48,972 66,738 32,430 41,013

37,252 34,608 37,368 36,900 8,388

4,872 4,151 2,912

14,015 5,777 2,098 9,216

17,395 38,380 1,008 3,695

36,000 82,476 56,648

145,530 74,529

165,546 68,970 57,408

57,164 83,536 36,735 47,197

36,300 36,022 37,908 35,670 9,288

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

0.9 0.1

-4.3 -1.4

- -0.7

- 3.6 3.4

-0.7 1.9

9.3 10.5 6.6

5.9 8.6

10.0 8.4 8.8

16.9 11.2 17.4 22.5

4.3 3.9 0.8

-1.0 0.4



Value of Farmland and Buildings – Region, State, and United States: 2010-2014 (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

2010 2011 2012 2013 2014 Change

2013-2014

(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 .................................

20,470 47,846 36,569 14,750

32,880 16,298 22,672

41,640 210,560

13,298 34,020 24,265 42,420 4,877

18,597 12,840 16,200

169,830 29,646 29,638

1,890,827

20,826 48,479 35,017 14,900

33,428 17,270 23,980

43,344 219,605

13,796 34,760 23,896 43,097 4,838

18,814 12,773 16,800

170,752 30,780 30,076

2,027,677

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

2.8 0.4

-1.1 1.6

5.6 4.0 3.1

8.6 10.0

29.3 5.8 6.3 8.9 8.9 3.7

15.5 5.7

5.8 3.4 8.0

8.3

- 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.

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. E-mail inquiries may be sent to [email protected].

Troy Joshua, 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

Tynesha Boomer – Production Expenditures ............................................................................................ (202) 720-9168

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

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

Liana Cuffman – Tenure, Ownership and Transition of Agricultural Land (TOTAL) ............................. (202) 720-2250

Greg Gholson – Prices, Prices Research, Prices Received Indexes, Parity Prices .................................... (202) 690-1348

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

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

Judy McDermott – Prices Paid, Prices Paid Indexes ................................................................................. (202) 690-3229

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

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

David Colwell – Current Agricultural Industrial Reports ......................................................................... (202) 690-3233

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

Ginger Harris – Census of Agriculture ...................................................................................................... (502) 582-5293

Steve Peterson – Farms, Land in Farms, Census ....................................................................................... (202) 720-5581

Jackie Ross – Census of Agriculture ......................................................................................................... (202) 720-7644

Miste Salmon – Current Agricultural Industrial Reports ........................................................................... (202) 690-3226

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

Released August 5, 2015, 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: 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 and in the “Follow NASS” box under “Receive reports by Email,”

click on “National” or “State” to 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].

http://www.nass.usda.gov/

http://www.nass.usda.gov/

http://www.ocio.usda.gov/sites/default/files/docs/2012/Complain_combined_6_8_12.pdf

http://www.ocio.usda.gov/sites/default/files/docs/2012/Complain_combined_6_8_12.pdf

http://www.ascr.usda.gov/complaint_filing_cust.html

mailto:[email protected]

United States Land Values Department of Agriculture · PDF file4 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service Agricultural Land Values Highlights

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