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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.
Land Values 2015 Summary (August 2015) 5 USDA, National Agricultural Statistics Service
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
6 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
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
Land Values 2015 Summary (August 2015) 7 USDA, National Agricultural Statistics Service
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
8 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
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
Land Values 2015 Summary (August 2015) 9 USDA, National Agricultural Statistics Service
Farm Real Estate, Average Value per Acre – Region, State, and United States: 2011-2015 (continued)
Region and state 2011 2012 2013 2014 2015 Change
2014-2015
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
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.
10 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
Cropland, 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 ........................................ 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
See footnote(s) at end of table. --continued
Land Values 2015 Summary (August 2015) 11 USDA, National Agricultural Statistics Service
Cropland, Average Value per Acre – Region, State, and United States: 2011-2015 (continued)
Region and State 2011 2012 2013 2014 2015 Change
2014-2015
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. Delta ................................................ Arkansas ..................................... Louisiana ..................................... Mississippi ................................... Southern Plains ............................... Oklahoma .................................... Texas ........................................... Mountain .......................................... Arizona 2 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 2 ...................................... New Mexico 2 ............................... Utah 2 .......................................... Wyoming ..................................... Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. United States 3 .................................
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.
12 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
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
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
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
See footnote(s) at end of table. --continued
Land Values 2015 Summary (August 2015) 13 USDA, National Agricultural Statistics Service
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
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
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.
14 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
Pasture 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 ........................................ 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
See footnote(s) at end of table. --continued
Land Values 2015 Summary (August 2015) 15 USDA, National Agricultural Statistics Service
Pasture, Average Value per Acre – Region, State, and United States: 2011-2015 (continued)
Region and State 2011 2012 2013 2014 2015 Change
2014-2015
(dollars) (dollars) (dollars) (dollars) (dollars) (percent)
Southeast ........................................ Alabama ...................................... Florida ......................................... Georgia ........................................ South Carolina ............................. Delta ................................................ Arkansas ..................................... Louisiana ..................................... Mississippi ................................... Southern Plains ............................... Oklahoma .................................... Texas ........................................... Mountain .......................................... Arizona 3 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 3 ...................................... New Mexico 3 ............................... Utah 3 .......................................... Wyoming ..................................... Pacific .............................................. California ..................................... Oregon ........................................ Washington .................................. United States 4 .................................
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.
16 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
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
See footnote(s) at end of table. --continued
Land Values 2015 Summary (August 2015) 17 USDA, National Agricultural Statistics Service
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.
18 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
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.
Land Values 2015 Summary (August 2015) 19 USDA, National Agricultural Statistics Service
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.
20 Land Values 2015 Summary (August 2015) USDA, National Agricultural Statistics Service
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.
Land Values 2015 Summary (August 2015) 21 USDA, National Agricultural Statistics Service
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).
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