2015 Value of Ag Land Per Acre08/21/2015
The USDA National Agricultural Statistics Service (NASS) released the annual Land Values report recently. The report includes state, regional and U.S. agricultural land values for 2015 and 2014 revisions. Estimates are on a per acre basis and include value of all land and buildings, cropland and pasture. See the 2015 Value of Agricultural Land Per Acre infographic below laying out the comparison on a state-by-state basis below:
The Land Values report tells a unique story about agriculture in different regions of the country. Going against the trend, California farmland seems to have successfully persevered during this drought-plagued year and the farmland values in that state went up 5.5 percent to $7,700 per acre. With the decline in crop prices, for the first time since 2011, a corresponding decline in land values was seen in the Corn Belt region. That decline was mainly driven by a 5.9 percent drop in farmland values in Iowa. Despite the overall decline, however, strong growth was seen in Missouri, where the values were up to an average of $3,350 per acre.
In addition to the electronic form, available via the Quick Stats database, Land Values 2015 Summary is also available via PDF and Excel formats. To access the report, visit www.nass.usda.gov.