United States Department of Agriculture National Agricultural Statistics Service ISSN: 1949- 1867 Land Values 2023 Summary August 2023 Contents Agricultural Land Values Highlights....................................................... 4 Average Farm Real Estate Value - United States: 2009-2023 Chart........................... 5 2023 Farm Real Estate Value by State - Dollars per Acre and Percent Change from 2022 Map.. 5 Average Cropland Value - United States: 2009-2023 Chart................................... 6 2023 Cropland Value by State - Dollars per Acre and Percent Change from 2022 Map.......... 6 Average Pasture Value - United States: 2009-2023 Chart.................................... 7 2023 Pasture Value by State - Dollars per Acre and Percent Change from 2022 Map........... 7 Farm Real Estate Average Value per Acre - Regions, States, and United States: 2019-2023... 8 Cropland Average Value per Acre - Regions, States, and United States: 2019-2023........... 10 Irrigated and Non-Irrigated Cropland Average Value per Acre - States: 2019-2023........... 12 Pasture Average Value per Acre - Regions, States, and United States: 2019-2023............ 14 Value of Farmland and Buildings - States and United States: 2018-2022..................... 16 Economic Regions ......................................................................... 18 Statistical Methodology................................................................... 19 Terms and Definitions..................................................................... 20 Information Contacts...................................................................... 21 Update Alert - August 8, 2023 Irrigated Cropland Average Value per Acre in Arizona for 2023 on page 16 was updated. The updated estimate was published to the QuickStats database on August 8, 2023. Agricultural Land Values Highlights The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,080 per acre for 2023, up $280 per acre (7.4 percent) from 2022. The United States cropland value averaged $5,460 per acre, an increase of $410 per acre (8.1 percent) from the previous year. The United States pasture value averaged $1,760 per acre, an increase of $110 per acre (6.7 percent) from 2022. Farm Real Estate Average Value per Acre - Regions, States, and United States: 2019-2023 -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 5,690 5,710 6,000 6,490 6,740 3.9 Connecticut ......: 12,200 12,000 12,500 13,700 14,200 3.6 Delaware .........: 8,950 8,950 9,300 9,800 9,800 - Maine ............: 2,410 2,490 2,600 2,860 2,880 0.7 Maryland .........: 8,060 8,080 8,670 9,700 9,700 - Massachusetts ....: 11,100 11,300 13,700 15,200 15,300 0.7 New Hampshire ....: 4,980 5,000 5,050 5,350 5,400 0.9 New Jersey .......: 13,500 13,600 14,400 15,400 17,700 14.9 New York .........: 3,250 3,150 3,270 3,450 3,600 4.3 Pennsylvania .....: 6,470 6,600 6,800 7,350 7,610 3.5 Rhode Island .....: 15,600 16,000 16,400 17,500 18,300 4.6 Vermont ..........: 3,630 3,550 3,900 4,200 4,600 9.5 : Lake States ........: 4,900 4,860 5,240 5,960 6,450 8.2 Michigan .........: 4,960 4,950 5,300 5,850 6,400 9.4 Minnesota ........: 4,840 4,840 5,240 6,150 6,600 7.3 Wisconsin ........: 4,950 4,850 5,190 5,700 6,200 8.8 : Corn Belt ..........: 6,100 6,110 6,580 7,560 8,100 7.1 Illinois .........: 7,280 7,400 7,900 8,900 9,300 4.5 Indiana ..........: 6,580 6,600 7,100 8,000 9,100 13.8 Iowa .............: 7,190 7,070 7,740 9,400 9,930 5.6 Missouri .........: 3,400 3,400 3,700 4,150 4,500 8.4 Ohio .............: 6,290 6,350 6,600 7,200 7,800 8.3 : Northern Plains ....: 2,170 2,120 2,320 2,780 3,160 13.7 Kansas ...........: 1,960 1,900 2,100 2,630 3,060 16.3 Nebraska .........: 2,850 2,790 3,100 3,750 4,240 13.1 North Dakota .....: 1,740 1,720 1,820 2,050 2,320 13.2 South Dakota .....: 2,070 2,010 2,190 2,600 2,920 12.3 : Appalachian ........: 4,080 4,140 4,240 4,620 4,980 7.8 Kentucky .........: 3,820 3,920 4,000 4,350 4,700 8.0 North Carolina ...: 4,680 4,670 4,750 5,150 5,550 7.8 Tennessee ........: 3,990 4,100 4,260 4,700 5,100 8.5 Virginia .........: 4,650 4,620 4,700 5,100 5,500 7.8 West Virginia ....: 2,680 2,700 2,770 3,000 3,200 6.7 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Farm Real Estate Average Value per Acre - Regions, States, and United States: 2019-2023 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Southeast ..........: 4,090 4,120 4,230 4,580 4,840 5.7 Alabama ..........: 3,100 3,150 3,200 3,400 3,500 2.9 Florida ..........: 5,950 5,900 6,020 6,600 6,900 4.5 Georgia ..........: 3,470 3,500 3,670 3,960 4,350 9.8 South Carolina ...: 3,400 3,500 3,600 3,800 4,000 5.3 : Delta States .......: 3,100 3,130 3,180 3,340 3,400 1.8 Arkansas .........: 3,320 3,350 3,390 3,550 3,600 1.4 Louisiana ........: 3,120 3,160 3,220 3,410 3,500 2.6 Mississippi ......: 2,800 2,820 2,860 3,000 3,060 2.0 : Southern Plains ....: 2,070 2,110 2,300 2,560 2,800 9.4 Oklahoma .........: 1,870 1,890 2,020 2,250 2,450 8.9 Texas ............: 2,120 2,170 2,380 2,650 2,900 9.4 : Mountain ...........: 1,220 1,240 1,280 1,390 1,450 4.3 Arizona 1/ .......: 3,800 3,850 3,900 4,200 4,200 - Colorado .........: 1,570 1,590 1,610 1,770 1,950 10.2 Idaho ............: 3,000 3,110 3,350 3,700 3,810 3.0 Montana ..........: 915 915 930 1,030 1,070 3.9 Nevada 1/ ........: 1,020 1,000 1,010 1,060 1,060 - New Mexico 1/ ....: 570 575 600 610 610 - Utah 1/ ..........: 2,420 2,450 2,620 2,810 2,940 4.6 Wyoming ..........: 740 750 790 850 880 3.5 : Pacific ............: 5,900 5,910 6,420 7,040 7,270 3.3 California .......: 10,000 10,000 10,900 12,000 12,400 3.3 Oregon ...........: 2,500 2,530 2,790 3,040 3,180 4.6 Washington .......: 2,820 2,760 2,900 3,100 3,190 2.9 : United States 2/ ...: 3,160 3,160 3,380 3,800 4,080 7.4 -------------------------------------------------------------------------------- - Represents zero. 1/ Excludes American Indian Reservation land. 2/ Excludes Alaska and Hawaii. Cropland Average Value per Acre - Regions, States, and United States: 2019-2023 -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 6,040 6,070 6,490 7,060 7,380 4.5 Delaware .........: 8,600 8,600 8,600 9,200 9,500 3.3 Maryland .........: 7,370 7,380 7,960 8,750 8,950 2.3 New Jersey .......: 13,700 13,800 14,800 15,900 18,100 13.8 New York .........: 2,810 2,800 2,910 3,150 3,300 4.8 Pennsylvania .....: 7,030 7,100 7,600 8,300 8,620 3.9 Other States 1/ ..: 7,900 7,900 8,770 9,530 9,850 3.4 : Lake States ........: 4,760 4,730 5,160 5,970 6,620 10.9 Michigan .........: 4,500 4,480 4,700 5,300 5,900 11.3 Minnesota ........: 4,810 4,800 5,270 6,200 6,820 10.0 Wisconsin ........: 4,850 4,770 5,280 6,000 6,710 11.8 : Corn Belt ..........: 6,360 6,350 6,880 7,930 8,540 7.7 Illinois .........: 7,300 7,300 7,900 8,950 9,580 7.0 Indiana ..........: 6,210 6,210 6,800 7,750 8,400 8.4 Iowa .............: 7,260 7,170 7,810 9,350 10,100 8.0 Missouri .........: 3,490 3,530 3,810 4,320 4,610 6.7 Ohio .............: 6,400 6,460 6,800 7,550 8,200 8.6 : Northern Plains ....: 2,790 2,740 3,070 3,680 4,200 14.1 Kansas ...........: 2,160 2,080 2,370 2,950 3,440 16.6 Nebraska .........: 4,390 4,360 4,960 6,000 6,830 13.8 North Dakota .....: 1,920 1,930 2,060 2,350 2,660 13.2 South Dakota .....: 3,130 3,030 3,390 4,030 4,550 12.9 : Appalachian ........: 4,190 4,240 4,350 4,790 5,190 8.4 Kentucky .........: 4,300 4,400 4,510 5,000 5,450 9.0 North Carolina ...: 4,180 4,180 4,290 4,700 5,000 6.4 Tennessee ........: 3,910 3,990 4,130 4,550 5,000 9.9 Virginia .........: 4,720 4,680 4,790 5,250 5,700 8.6 West Virginia ....: 3,280 3,270 3,330 3,600 3,800 5.6 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Cropland Average Value per Acre - Regions, States, and United States: 2019-2023 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Southeast ..........: 4,120 4,180 4,290 4,690 5,060 7.9 Alabama ..........: 3,430 3,500 3,550 3,900 3,980 2.1 Florida ..........: 7,190 7,190 7,300 7,960 8,760 10.1 Georgia ..........: 3,210 3,320 3,480 3,820 4,200 9.9 South Carolina ...: 2,830 2,830 2,900 3,150 3,300 4.8 : Delta States .......: 2,920 2,960 3,010 3,190 3,260 2.2 Arkansas .........: 2,850 2,880 2,930 3,110 3,180 2.3 Louisiana ........: 2,880 2,930 2,980 3,180 3,240 1.9 Mississippi ......: 3,080 3,100 3,150 3,340 3,410 2.1 : Southern Plains ....: 1,860 1,930 2,050 2,310 2,480 7.4 Oklahoma .........: 1,670 1,690 1,810 2,030 2,210 8.9 Texas ............: 1,930 2,030 2,150 2,420 2,590 7.0 : Mountain ...........: 1,980 2,010 2,100 2,320 2,410 3.9 Arizona 2/ .......: 7,600 7,650 7,700 8,350 8,600 3.0 Colorado .........: 2,160 2,200 2,240 2,480 2,610 5.2 Idaho ............: 3,930 4,070 4,450 4,950 5,200 5.1 Montana ..........: 1,040 1,030 1,050 1,160 1,170 0.9 Nevada 2/ ........: (D) (D) (D) (D) (D) (X) New Mexico 2/ ....: 1,550 1,600 1,660 1,790 1,810 1.1 Utah 2/ ..........: 3,970 4,040 4,190 4,550 4,700 3.3 Wyoming ..........: 1,520 1,540 1,600 1,720 1,840 7.0 : Pacific ............: 7,190 7,240 7,740 8,580 8,800 2.6 California .......: 12,830 12,900 13,860 15,410 15,880 3.0 Oregon ...........: 3,080 3,120 3,310 3,650 3,720 1.9 Washington .......: 2,630 2,610 2,700 2,940 3,000 2.0 : United States 3/ ...: 4,100 4,100 4,420 5,050 5,460 8.1 -------------------------------------------------------------------------------- (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 - States: 2019-2023 [Only states with significant irrigated acreage appear in this table] ----------------------------------------------------------------------------------------- Region, State, : : : : : : Change and Land type : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 ----------------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Corn Belt : Missouri, all cropland ....: 3,490 3,530 3,810 4,320 4,610 6.7 Irrigated ..............: 4,770 4,700 4,800 5,400 5,600 3.7 Non-irrigated ..........: 3,350 3,400 3,700 4,200 4,500 7.1 : Northern Plains : Kansas, all cropland ......: 2,160 2,080 2,370 2,950 3,440 16.6 Irrigated ..............: 3,320 3,270 3,700 4,000 4,700 17.5 Non-irrigated ..........: 2,050 1,970 2,250 2,850 3,320 16.5 : Nebraska, all cropland ....: 4,390 4,360 4,960 6,000 6,830 13.8 Irrigated ..............: 5,850 5,820 6,530 7,950 8,900 11.9 Non-irrigated ..........: 3,490 3,460 3,990 4,800 5,550 15.6 : South Dakota, all cropland : 3,130 3,030 3,390 4,030 4,550 12.9 Irrigated ..............: (D) (D) (D) (D) (D) (X) Non-irrigated ..........: 3,100 3,000 3,360 4,000 4,520 13.0 : Southeast : Florida, all cropland .....: 7,190 7,190 7,300 7,960 8,760 10.1 Irrigated ..............: 8,160 8,150 8,350 9,100 10,000 9.9 Non-irrigated ..........: 6,280 6,300 6,320 6,900 7,600 10.1 : Georgia, all cropland .....: 3,210 3,320 3,480 3,820 4,200 9.9 Irrigated ..............: 4,030 4,100 4,350 4,600 4,800 4.3 Non-irrigated ..........: 2,870 3,000 3,130 3,500 3,950 12.9 : Delta States : Arkansas, all cropland ....: 2,850 2,880 2,930 3,110 3,180 2.3 Irrigated ..............: 3,340 3,360 3,420 3,600 3,680 2.2 Non-irrigated ..........: 2,060 2,100 2,130 2,320 2,360 1.7 : Louisiana, all cropland ...: 2,880 2,930 2,980 3,180 3,240 1.9 Irrigated ..............: 2,820 2,840 2,880 3,090 3,200 3.6 Non-irrigated ..........: 2,900 2,960 3,020 3,210 3,260 1.6 : Mississippi, all cropland .: 3,080 3,100 3,150 3,340 3,410 2.1 Irrigated ..............: 3,620 3,650 3,700 3,900 4,010 2.8 Non-irrigated ..........: 2,770 2,780 2,830 3,020 3,070 1.7 : Southern Plains : Oklahoma, all cropland ....: 1,670 1,690 1,810 2,030 2,210 8.9 Irrigated ..............: (D) (D) (D) (D) 2,350 (X) Non-irrigated ..........: 1,650 1,670 1,790 2,020 2,200 8.9 : Texas, all cropland .......: 1,930 2,030 2,150 2,420 2,590 7.0 Irrigated ..............: 2,230 2,360 2,540 2,850 3,050 7.0 Non-irrigated ..........: 1,880 1,980 2,090 2,350 2,520 7.2 ----------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Irrigated and Non-Irrigated Cropland Average Value per Acre - States: 2019-2023 (continued) [Only states with significant irrigated acreage appear in this table] -------------------------------------------------------------------------------------- Region, State, : : : : : : Change and Land type : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------------- : ----------------- dollars ---------------- percent : Mountain : Arizona, all cropland 1/ ....: 7,600 7,650 7,700 8,350 8,600 3.0 Irrigated ................: 7,600 7,650 7,700 8,350 8,600 3.0 : Colorado, all cropland ......: 2,160 2,200 2,240 2,480 2,610 5.2 Irrigated ................: 5,100 5,300 5,400 5,750 6,000 4.3 Non-irrigated ............: 1,370 1,370 1,400 1,600 1,700 6.3 : Idaho, all cropland .........: 3,930 4,070 4,450 4,950 5,200 5.1 Irrigated ................: 6,020 6,210 6,800 7,550 7,990 5.8 Non-irrigated ............: 1,650 1,720 1,890 2,100 2,150 2.4 : Montana, all cropland .......: 1,040 1,030 1,050 1,160 1,170 0.9 Irrigated ................: 3,010 3,000 3,050 3,500 3,550 1.4 Non-irrigated ............: 835 825 835 910 920 1.1 : Nevada, all cropland 1/ .....: (D) (D) (D) (D) (D) (X) Irrigated ................: (D) (D) (D) (D) (D) (X) : New Mexico, all cropland 1/ .: 1,550 1,600 1,660 1,790 1,810 1.1 Irrigated ................: 4,200 4,370 4,550 4,900 4,950 1.0 Non-irrigated ............: 475 475 485 520 530 1.9 : Utah, all cropland 1/ .......: 3,970 4,040 4,190 4,550 4,700 3.3 Irrigated ................: 6,360 6,440 6,650 7,250 7,500 3.4 Non-irrigated ............: 1,400 1,470 1,550 1,650 1,700 3.0 : Wyoming, all cropland .......: 1,520 1,540 1,600 1,720 1,840 7.0 Irrigated ................: 2,430 2,470 2,550 2,750 3,000 9.1 Non-irrigated ............: 840 840 890 940 960 2.1 : Pacific : California, all cropland ....: 12,830 12,900 13,860 15,410 15,880 3.0 Irrigated ................: 15,100 15,200 16,300 18,100 18,600 2.8 Non-irrigated ............: 5,400 5,400 5,900 6,600 7,000 6.1 : Oregon, all cropland ........: 3,080 3,120 3,310 3,650 3,720 1.9 Irrigated ................: 5,290 5,430 5,800 6,350 6,600 3.9 Non-irrigated ............: 2,220 2,220 2,340 2,600 2,600 - : Washington, all cropland ....: 2,630 2,610 2,700 2,940 3,000 2.0 Irrigated ................: 7,690 7,650 7,800 8,400 8,500 1.2 Non-irrigated ............: 1,260 1,240 1,310 1,450 1,500 3.4 -------------------------------------------------------------------------------------- - 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 - Regions, States, and United States: 2019-2023 -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 3,870 3,900 4,030 4,280 4,460 4.2 Maryland .........: (D) (D) (D) (D) (D) (X) New Jersey .......: 13,400 13,300 13,400 14,400 16,600 15.3 New York .........: 1,530 1,540 1,580 1,620 1,670 3.1 Pennsylvania .....: 3,290 3,370 3,440 3,800 3,880 2.1 Other States 1/ ..: 6,530 6,520 6,870 7,140 8,290 16.1 : Lake States ........: 2,080 2,050 2,250 2,510 2,680 6.8 Michigan .........: 2,590 2,600 2,740 2,900 3,100 6.9 Minnesota ........: 1,700 1,680 1,830 2,010 2,100 4.5 Wisconsin ........: 2,310 2,250 2,520 2,900 3,150 8.6 : Corn Belt ..........: 2,330 2,340 2,520 2,760 2,860 3.6 Illinois .........: 3,170 3,200 3,400 3,700 3,820 3.2 Indiana ..........: 2,450 2,400 2,490 2,700 2,850 5.6 Iowa .............: 2,720 2,690 3,020 3,300 3,400 3.0 Missouri .........: 1,980 2,000 2,160 2,400 2,500 4.2 Ohio .............: 3,350 3,370 3,440 3,600 3,700 2.8 : Northern Plains ....: 1,090 1,080 1,130 1,330 1,510 13.5 Kansas ...........: 1,390 1,370 1,500 1,850 2,150 16.2 Nebraska .........: 1,050 1,040 1,080 1,240 1,440 16.1 North Dakota .....: 820 790 840 930 1,070 15.1 South Dakota .....: 1,050 1,050 1,060 1,230 1,340 8.9 : Appalachian ........: 3,540 3,550 3,620 3,870 4,180 8.0 Kentucky .........: 3,030 3,050 3,080 3,250 3,400 4.6 North Carolina ...: 4,810 4,780 4,850 5,200 5,550 6.7 Tennessee ........: 3,860 3,880 4,000 4,450 4,900 10.1 Virginia .........: 4,020 4,000 4,060 4,250 4,650 9.4 West Virginia ....: 2,120 2,150 2,200 2,300 2,450 6.5 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Pasture Average Value per Acre - Regions, States, and United States: 2019-2023 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2019 : 2020 : 2021 : 2022 : 2023 :2022-2023 -------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Southeast ..........: 4,180 4,230 4,360 4,680 5,050 7.9 Alabama ..........: 2,590 2,600 2,650 2,900 3,000 3.4 Florida ..........: 5,360 5,400 5,530 5,900 6,500 10.2 Georgia ..........: 3,730 3,820 4,060 4,400 4,600 4.5 South Carolina ...: 3,240 3,300 3,350 3,550 3,700 4.2 : Delta States .......: 2,620 2,650 2,700 2,870 2,940 2.4 Arkansas .........: 2,610 2,650 2,700 2,850 2,900 1.8 Louisiana ........: 2,830 2,870 2,950 3,100 3,190 2.9 Mississippi ......: 2,430 2,450 2,480 2,700 2,770 2.6 : Southern Plains ....: 1,620 1,640 1,760 2,000 2,150 7.5 Oklahoma .........: 1,460 1,480 1,600 1,800 1,950 8.3 Texas ............: 1,660 1,680 1,800 2,050 2,200 7.3 : Mountain ...........: 683 687 717 783 808 3.2 Arizona 2/ .......: (D) (D) (D) (D) (D) (X) Colorado .........: 845 845 875 940 980 4.3 Idaho ............: 1,560 1,610 1,700 1,970 2,040 3.6 Montana ..........: 680 680 700 775 800 3.2 Nevada 2/ ........: (D) (D) (D) (D) (D) (X) New Mexico 2/ ....: 417 420 440 480 490 2.1 Utah 2/ ..........: 1,240 1,240 1,370 1,470 1,540 4.8 Wyoming ..........: 575 580 610 660 670 1.5 : Pacific ............: 1,750 1,750 1,820 2,060 2,120 2.9 California .......: 3,010 3,000 3,100 3,550 3,650 2.8 Oregon ...........: 750 760 830 900 950 5.6 Washington .......: 766 740 750 820 835 1.8 : United States 3/ ...: 1,400 1,400 1,480 1,650 1,760 6.7 -------------------------------------------------------------------------------- (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. Value of Farmland and Buildings - States and United States: 2018-2022 [Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms] -------------------------------------------------------------------------------- : Total value of land and buildings :----------------------------------------------------------- : : : : : : Change Region and State : 2018 : 2019 : 2020 : 2021 : 2022 :2021-2022 -------------------------------------------------------------------------------- : --------------- million dollars --------------- percent : Northeast : Connecticut ......: 4,674 4,636 4,560 4,750 5,206 9.6 Delaware .........: 4,457 4,744 4,744 4,929 5,194 5.4 Maine ............: 3,081 3,133 3,237 3,380 3,718 10.0 Maryland .........: 15,720 16,120 16,160 17,340 19,400 11.9 Massachusetts ....: 5,450 5,550 5,650 6,850 7,600 10.9 New Hampshire ....: 2,107 2,141 2,150 2,172 2,301 5.9 New Jersey .......: 10,125 10,125 10,200 10,800 11,550 6.9 New York .........: 22,287 22,425 21,735 22,563 23,805 5.5 Pennsylvania .....: 45,625 47,231 48,180 49,640 53,655 8.1 Rhode Island .....: 912 936 960 984 1,050 6.7 Vermont ..........: 4,248 4,356 4,260 4,680 5,040 7.7 : Lake States : Michigan .........: 48,608 48,608 48,510 51,410 53,820 4.7 Minnesota ........: 123,675 123,420 122,936 133,096 156,210 17.4 Wisconsin ........: 70,070 70,785 69,355 73,698 80,940 9.8 : Corn Belt : Illinois .........: 196,560 196,560 199,800 213,300 240,300 12.7 Indiana ..........: 98,700 98,042 97,680 105,080 118,400 12.7 Iowa .............: 222,462 220,014 216,342 236,070 286,700 21.4 Missouri .........: 93,626 93,840 93,500 101,750 114,125 12.2 Ohio .............: 86,180 85,544 86,360 89,100 94,320 5.9 : Northern Plains : Kansas ...........: 84,730 89,572 86,830 95,970 120,191 25.2 Nebraska .........: 123,750 127,965 125,271 138,880 168,000 21.0 North Dakota .....: 67,203 68,382 67,596 71,526 80,360 12.4 South Dakota .....: 89,424 89,424 86,832 94,608 112,320 18.7 : Appalachian : Kentucky .........: 48,633 49,278 50,568 51,600 56,115 8.8 North Carolina ...: 38,976 39,312 39,228 39,425 42,745 8.4 Tennessee ........: 42,728 43,092 44,280 45,582 50,290 10.3 Virginia .........: 36,036 36,270 36,036 36,190 39,270 8.5 West Virginia ....: 9,540 9,380 9,450 9,695 10,500 8.3 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Value of Farmland and Buildings - States and United States: 2018-2022 (continued) [Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms] -------------------------------------------------------------------------------- : Total value of land and buildings :----------------------------------------------------------- : : : : : : Change Region and State : 2018 : 2019 : 2020 : 2021 : 2022 :2021-2022 -------------------------------------------------------------------------------- :---------------- million dollars ---------------- percent : Southeast : Alabama ..........: 25,330 25,730 26,145 26,240 27,880 6.3 Florida ..........: 57,230 57,715 57,230 58,394 64,020 9.6 Georgia ..........: 35,451 35,394 35,700 37,434 40,392 7.9 South Carolina ...: 15,888 16,320 16,800 17,280 18,240 5.6 : Delta States : Arkansas .........: 43,924 46,480 46,900 47,460 49,700 4.7 Louisiana ........: 24,320 24,960 25,280 25,760 27,280 5.9 Mississippi ......: 28,496 29,120 29,328 29,744 30,900 3.9 : Southern Plains : Oklahoma .........: 61,560 64,328 65,016 69,488 77,400 11.4 Texas ............: 260,350 268,180 273,420 299,880 333,900 11.3 : Mountain : Arizona 1/ .......: 26,493 26,608 26,895 27,183 28,487 4.8 Colorado .........: 49,608 49,926 50,562 51,198 56,286 9.9 Idaho ............: 33,292 34,500 35,765 38,525 42,550 10.4 Montana ..........: 53,128 53,070 53,070 53,847 59,637 10.8 Nevada 1/ ........: 5,722 5,722 5,616 5,669 5,723 1.0 New Mexico 1/ ....: 21,100 20,982 21,147 21,972 22,302 1.5 Utah 1/ ..........: 16,290 17,019 17,217 18,344 20,164 9.9 Wyoming ..........: 21,054 21,460 21,750 22,910 24,225 5.7 : Pacific : California .......: 227,205 243,000 243,000 263,780 288,000 9.2 Oregon ...........: 38,880 39,500 39,974 43,803 47,728 9.0 Washington .......: 41,748 41,172 40,296 42,050 44,950 6.9 : United States 2/ ...:2,686,656 2,732,071 2,733,521 2,916,029 3,272,889 12.2 -------------------------------------------------------------------------------- 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 9,000 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 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. 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. 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 nass@nass.usda.gov. Tony Dorn, Chief, Environmental, Economics, and Demographics Branch.............. (202) 720-6146 Bruce Boess, Head, Economics Section............................................. (202) 720-4447 Stephanie Brennan - Farm Production Expenditures.............................. (202) 690-0392 Doug Farmer - Chemical Use, Land Values....................................... (202) 690-3229 Zoe Johnson - Cash Receipts, Farm Production Expenditures..................... (202) 720-5446 Michael Mathison - Cash Rents, Farms, Land in Farms, Grazing Fees............. (202) 720-3243 Ralph Mondesir - Prices Received Indexes, Parity Prices, Prices Paid Indexes.. (202) 221-9297 Max Reason - Prices Received Indexes, Parity Prices, Prices Paid Indexes...... (202) 720-8844 Theresa Varner - Farm Labor................................................... (202) 690-3231 Released August 4, 2023, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 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