USDA Land Values 2020 by #1 Properties

United States Department of Agriculture National Agricultural Statistics Service

Land Values 2020 Summary August 2020

ISSN: 1949-1867

Contents Agricultural Land Values Highlights ................................................................................................................................... 4 Average Farm Real Estate Value – United States: 2006-2020 Chart.................................................................................... 5 2020 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2019 Map.......................................... 5 Average Cropland Value – United States: 2006-2020 Chart ................................................................................................ 6 2020 Cropland Value by State – Dollars per Acre and Percent Change from 2019 Map ...................................................... 6 Average Pasture Value – United States: 2006-2020 Chart ................................................................................................... 7 2020 Pasture Value by State – Dollars per Acre and Percent Change from 2019 Map ......................................................... 7 Farm Real Estate Average Value per Acre – Regions, States, and United States: 2016-2020 .............................................. 8 Cropland Average Value per Acre – Regions, States, and United States: 2016-2020 ......................................................... 10 Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2016-2020 ......................................................... 12 Pasture Average Value per Acre – Regions, States, and United States: 2016-2020............................................................ 14 Value of Farmland and Buildings – States and United States: 2015-2019.......................................................................... 16 Economic Regions ........................................................................................................................................................... 18 Statistical Methodology ..................................................................................................................................................... 19 Terms and Definitions ....................................................................................................................................................... 20 Information Contacts ......................................................................................................................................................... 21

Land Values 2020 Summary (August 2020) 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 $3,160 per acre for 2020, no change from 2019. The United States cropland value averaged $4,100 per acre, no change from the previous year. The United States pasture value averaged $1,400 per acre, no change from 2019.

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Average Farm Real Real Estate EstateValue Value––United UnitedStates States: 2006-2020 Average Farm Dollars per acre 3,500

3,100 3,160 3,160 2,940 3,000 2,990 3,030

3,000

2,730 2,520

2,500

2,000

1,830

2,170 2,090 2,150 2,010

2,300

1,500 1,000 500 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

USDA - NASS August 6, 2020

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Average CroplandValue Value––United UnitedStates States: 2006-2020 Average Cropland Dollars per acre 4,500 3,810

4,000 3,350

3,500 3,000 2,500

4,090 4,100 4,040 4,030 4,050 4,100 4,100

2,300

2,530

2,760

2,980 2,640 2,700

2,000 1,500 1,000 500 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

USDA - NASS August 6, 2020

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Average Value –– United United States States: 2006-2020 Average Pasture Pasture Value Dollars per acre

1,600 1,330 1,290 1,310 1,320

1,400 1,200

1,000

960

1,090 1,060 1,060 1,070 1,110 1,030

1,370 1,400 1,400

1,170

800 600 400 200

0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

USDA - NASS August 6, 2020

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Farm Real Estate Average Value per Acre – Regions, States, and United States: 2016-2020 Region and State

2016

2017

2018

2019

2020

Change 2019-2020

(dollars)

(percent)

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

5,270 11,900 8,290 2,210 7,470 10,700 4,610 13,300 3,110 5,820 14,600 3,400

5,380 12,100 8,250 2,370 7,620 10,800 4,860 13,400 3,160 6,030 14,900 3,470

5,550 12,300 8,410 2,370 7,860 10,900 4,900 13,500 3,230 6,250 15,200 3,540

5,690 12,200 8,950 2,410 8,060 11,100 4,980 13,500 3,250 6,470 15,600 3,630

5,710 12,000 8,950 2,490 8,080 11,300 5,000 13,600 3,150 6,600 16,000 3,550

0.4 -1.6 3.3 0.2 1.8 0.4 0.7 -3.1 2.0 2.6 -2.2

Lake States ........................................ Michigan ......................................... Minnesota ....................................... Wisconsin .......................................

4,730 4,900 4,790 4,520

4,880 4,940 4,870 4,870

4,890 4,960 4,850 4,900

4,900 4,960 4,840 4,950

4,860 4,950 4,840 4,850

-0.8 -0.2 -2.0

Corn Belt ............................................ Illinois ............................................. Indiana ............................................ Iowa ................................................ Missouri .......................................... Ohio ................................................

6,100 7,300 6,830 7,370 3,220 5,970

5,990 7,160 6,580 7,350 3,120 6,010

6,110 7,280 6,580 7,270 3,380 6,200

6,100 7,280 6,580 7,190 3,400 6,290

6,110 7,400 6,600 7,070 3,400 6,350

0.2 1.6 0.3 -1.7 1.0

Northern Plains .................................. Kansas ........................................... Nebraska ........................................ North Dakota .................................. South Dakota .................................

2,200 1,910 2,890 1,750 2,190

2,150 1,890 2,820 1,740 2,100

2,110 1,850 2,750 1,710 2,070

2,170 1,960 2,850 1,740 2,070

2,120 1,900 2,790 1,720 2,010

-2.3 -3.1 -2.1 -1.1 -2.9

Appalachian ....................................... Kentucky ........................................ North Carolina ................................ Tennessee ..................................... Virginia ........................................... West Virginia ..................................

3,880 3,540 4,550 3,770 4,470 2,620

3,970 3,680 4,580 3,840 4,590 2,640

4,030 3,770 4,640 3,920 4,620 2,650

4,080 3,820 4,680 3,990 4,650 2,680

4,140 3,920 4,670 4,100 4,620 2,700

1.5 2.6 -0.2 2.8 -0.6 0.7

See footnote(s) at end of table.

--continued

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Farm Real Estate Average Value per Acre – Regions, States, and United States: 2016-2020 (continued) Region and State

2016

2017

(dollars)

2018

(dollars)

2019

(dollars)

Change 2019-2020

2020

(dollars)

(percent)

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

3,830 2,820 5,510 3,410 3,180

3,990 2,910 5,860 3,560 3,240

4,050 2,980 5,900 3,510 3,310

4,090 3,100 5,950 3,470 3,400

4,120 3,150 5,900 3,500 3,500

0.7 1.6 -0.8 0.9 2.9

Delta States ....................................... Arkansas ........................................ Louisiana ....................................... Mississippi .....................................

2,830 3,000 2,870 2,590

2,920 3,110 2,960 2,660

3,000 3,160 3,040 2,740

3,100 3,320 3,120 2,800

3,130 3,350 3,160 2,820

1.0 0.9 1.3 0.7

Southern Plains ................................. Oklahoma ...................................... Texas .............................................

1,810 1,690 1,840

1,880 1,750 1,920

2,000 1,800 2,050

2,070 1,870 2,120

2,110 1,890 2,170

1.9 1.1 2.4

Mountain ............................................ Arizona 1 ........................................ Colorado ........................................ Idaho .............................................. Montana ......................................... Nevada 1 ........................................ New Mexico 1 ................................. Utah 1 ............................................. Wyoming ........................................

1,140 3,570 1,500 2,590 898 1,040 540 2,160 699

1,170 3,770 1,540 2,730 917 1,020 558 2,230 712

1,200 3,780 1,560 2,870 916 1,020 565 2,310 726

1,220 3,800 1,570 3,000 915 1,020 570 2,420 740

1,240 3,850 1,590 3,110 915 1,000 575 2,450 750

1.6 1.3 1.3 3.7 -2.0 0.9 1.2 1.4

Pacific ................................................. California ........................................ Oregon ........................................... Washington ....................................

4,960 8,080 2,240 2,680

5,440 8,970 2,360 2,760

5,610 9,350 2,430 2,840

5,900 10,000 2,500 2,820

5,910 10,000 2,530 2,760

0.2 1.2 -2.1

United States 2 ...................................

2,990

3,030

3,100

3,160

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

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Cropland Average Value per Acre – Regions, States, and United States: 2016-2020 Region and State

2016

2017

2018

2019

2020

Change 2019-2020

(dollars)

(percent)

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

5,650 8,090 6,910 13,500 2,690 6,450 7,290

5,700 7,960 7,050 13,600 2,740 6,470 7,630

5,940 8,120 7,280 13,700 2,800 6,890 7,650

6,040 8,600 7,370 13,700 2,810 7,030 7,900

6,070 8,600 7,380 13,800 2,800 7,100 7,900

0.5 0.1 0.7 -0.4 1.0 -

4,750 4,590 4,840 4,660

4,840 4,580 4,920 4,870

4,810 4,510 4,950 4,740

4,760 4,500 4,810 4,850

4,730 4,480 4,800 4,770

-0.6 -0.4 -0.2 -1.6

6,500 7,350 6,690 7,510 3,570 6,070

6,380 7,210 6,300 7,440 3,560 6,150

6,370 7,280 6,210 7,290 3,490 6,320

6,360 7,300 6,210 7,260 3,490 6,400

6,350 7,300 6,210 7,170 3,530 6,460

-0.2 -1.2 1.1 0.9

2,900 2,080 4,750 1,910 3,430

2,760 2,010 4,430 1,890 3,200

2,740 2,060 4,380 1,870 3,120

2,790 2,160 4,390 1,920 3,130

2,740 2,080 4,360 1,930 3,030

-1.8 -3.7 -0.7 0.5 -3.2

3,980 3,980 4,060 3,670 4,610 3,220

4,070 4,140 4,090 3,730 4,730 3,250

4,140 4,250 4,130 3,830 4,760 3,250

4,190 4,300 4,180 3,910 4,720 3,280

4,240 4,400 4,180 3,990 4,680 3,270

1.2 2.3 2.0 -0.8 -0.3

See footnote(s) at end of table.

--continued

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Cropland Average Value per Acre – Regions, States, and United States: 2016-2020 (continued) Region and State

2016

2017

(dollars)

2018

(dollars)

2019

(dollars)

Change 2019-2020

2020

(dollars)

(percent)

4,030 3,080 6,860 3,420 2,610

4,060 3,170 6,940 3,430 2,700

4,160 3,300 7,040 3,430 2,790

4,120 3,430 7,190 3,210 2,830

4,180 3,500 7,190 3,320 2,830

1.5 2.0 3.4 -

2,690 2,660 2,590 2,810

2,770 2,730 2,700 2,900

2,840 2,780 2,790 3,000

2,920 2,850 2,880 3,080

2,960 2,880 2,930 3,100

1.4 1.1 1.7 0.6

Southern Plains ................................. Oklahoma ...................................... Texas .............................................

1,700 1,530 1,770

1,780 1,590 1,850

1,820 1,630 1,890

1,860 1,670 1,930

1,930 1,690 2,030

3.8 1.2 5.2

Mountain ............................................ Arizona 2 ........................................ Colorado ........................................ Idaho .............................................. Montana ......................................... Nevada 2 ........................................ New Mexico 2 ................................. Utah 2 ............................................. Wyoming ........................................

1,820 7,800 2,020 3,420 1,010 (D) 1,500 3,530 1,450

1,860 7,720 2,070 3,570 1,010 (D) 1,560 3,690 1,460

1,910 7,610 2,100 3,740 1,020 (D) 1,580 3,830 1,490

1,980 7,600 2,160 3,930 1,040 (D) 1,550 3,970 1,520

2,010 7,650 2,200 4,070 1,030 (D) 1,600 4,040 1,540

1.5 0.7 1.9 3.6 -1.0 (X) 3.2 1.8 1.3

6,350 11,160 2,780 2,590

6,650 11,630 2,920 2,660

6,830 12,170 3,000 2,630

7,190 12,830 3,080 2,630

7,240 12,900 3,120 2,610

0.7 0.5 1.3 -0.8

United States 3 ...................................

4,040

4,030

4,050

4,100

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

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2016-2020 [Only states with significant irrigated acreage appear in this table] Region, State, and Land type

2016

2017

2018

2019

2020

Change 2019-2020

(dollars)

(percent)

Corn Belt Missouri, all cropland ........................................ Irrigated ....................................................... Non-irrigated ...............................................

3,570 4,830 3,470

3,560 4,940 3,450

3,490 4,770 3,380

3,490 4,770 3,350

3,530 4,700 3,400

1.1 -1.5 1.5

Northern Plains Kansas, all cropland ......................................... Irrigated ....................................................... Non-irrigated ...............................................

2,080 3,050 1,970

2,010 2,910 1,910

2,060 2,980 1,960

2,160 3,320 2,050

2,080 3,270 1,970

-3.7 -1.5 -3.9

Nebraska, all cropland ..................................... Irrigated ....................................................... Non-irrigated ...............................................

4,750 6,430 3,720

4,430 6,010 3,450

4,380 5,930 3,430

4,390 5,850 3,490

4,360 5,820 3,460

-0.7 -0.5 -0.9

South Dakota, all cropland ............................... Irrigated ....................................................... Non-irrigated ...............................................

3,430 (D) 3,410

3,200 (D) 3,180

3,120 (D) 3,100

3,130 (D) 3,100

3,030 (D) 3,000

-3.2 (X) -3.2

Southeast Florida, all cropland .......................................... Irrigated ....................................................... Non-irrigated ...............................................

6,860 7,750 6,020

6,940 7,860 6,070

7,040 7,980 6,160

7,190 8,160 6,280

7,190 8,150 6,300

-0.1 0.3

Georgia, all cropland ........................................ Irrigated ....................................................... Non-irrigated ...............................................

3,420 4,010 3,210

3,430 4,080 3,190

3,430 4,560 3,020

3,210 4,030 2,870

3,320 4,100 3,000

3.4 1.7 4.5

Delta States Arkansas, all cropland ...................................... Irrigated ....................................................... Non-irrigated ...............................................

2,660 3,150 1,920

2,730 3,230 1,960

2,780 3,290 1,990

2,850 3,340 2,060

2,880 3,360 2,100

1.1 0.6 1.9

Louisiana, all cropland ..................................... Irrigated ....................................................... Non-irrigated ...............................................

2,590 2,520 2,620

2,700 2,660 2,710

2,790 2,750 2,810

2,880 2,820 2,900

2,930 2,840 2,960

1.7 0.7 2.1

Mississippi, all cropland ................................... Irrigated ....................................................... Non-irrigated ...............................................

2,810 3,300 2,580

2,900 3,440 2,640

3,000 3,580 2,720

3,080 3,620 2,770

3,100 3,650 2,780

0.6 0.8 0.4

Southern Plains Oklahoma, all cropland .................................... Irrigated ....................................................... Non-irrigated ...............................................

1,530 (D) 1,520

1,590 (D) 1,580

1,630 (D) 1,610

1,670 (D) 1,650

1,690 (D) 1,670

1.2 (X) 1.2

Texas, all cropland ........................................... Irrigated ....................................................... Non-irrigated ...............................................

1,770 1,920 1,750

1,850 2,020 1,820

1,890 2,160 1,840

1,930 2,230 1,880

2,030 2,360 1,980

5.2 5.8 5.3

See footnote(s) at end of table.

--continued

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Irrigated and Non-Irrigated Cropland Average Value per Acre – States: 2016-2020 (continued) [Only states with significant irrigated acreage appear in this table] Region, State, and Land type

2016

2017

2018

2019

2020

Change 2019-2020

(dollars)

(percent)

Mountain Arizona, all cropland 1 ............................................... Irrigated ...............................................................

7,800 7,800

7,720 7,720

7,610 7,610

7,600 7,600

7,650 7,650

0.7 0.7

Colorado, all cropland ............................................... Irrigated ............................................................... Non-irrigated ........................................................

2,020 4,860 1,320

2,070 4,950 1,360

2,100 5,050 1,370

2,160 5,100 1,370

2,200 5,300 1,370

1.9 3.9 -

Idaho, all cropland ..................................................... Irrigated ............................................................... Non-irrigated ........................................................

3,420 5,180 1,470

3,570 5,410 1,530

3,740 5,690 1,590

3,930 6,020 1,650

4,070 6,210 1,720

3.6 3.2 4.2

Montana, all cropland ................................................ Irrigated ............................................................... Non-irrigated ........................................................

1,010 2,970 818

1,010 2,970 827

1,020 2,990 836

1,040 3,010 835

1,030 3,000 825

-1.0 -0.3 -1.2

Nevada, all cropland 1 ............................................... Irrigated ...............................................................

(D) (D)

(X) (X)

New Mexico, all cropland 1 ....................................... Irrigated ............................................................... Non-irrigated ........................................................

1,500 4,080 405

1,560 4,140 463

1,580 4,190 469

1,550 4,200 475

1,600 4,370 475

3.2 4.0 -

Utah, all cropland 1 .................................................... Irrigated ............................................................... Non-irrigated ........................................................

3,530 5,660 1,240

3,690 5,930 1,270

3,830 6,160 1,320

3,970 6,360 1,400

4,040 6,440 1,470

1.8 1.3 5.0

Wyoming, all cropland ............................................... Irrigated ............................................................... Non-irrigated ........................................................

1,450 2,330 816

1,460 2,340 820

1,490 2,390 836

1,520 2,430 840

1,540 2,470 840

1.3 1.6 -

Pacific California, all cropland .............................................. Irrigated ............................................................... Non-irrigated ........................................................

11,160 13,200 4,400

11,630 13,700 4,740

12,170 14,300 5,090

12,830 15,100 5,400

12,900 15,200 5,400

0.5 0.7 -

Oregon, all cropland .................................................. Irrigated ............................................................... Non-irrigated ........................................................

2,780 4,730 2,060

2,920 4,950 2,170

3,000 5,180 2,200

3,080 5,290 2,220

3,120 5,430 2,220

1.3 2.6 -

Washington, all cropland .......................................... Irrigated ............................................................... Non-irrigated ........................................................

2,590 7,760 1,250

2,660 8,000 1,270

2,630 7,930 1,260

2,630 7,690 1,260

2,610 7,650 1,240

-0.8 -0.5 -1.6

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

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Pasture Average Value per Acre – Regions, States, and United States: 2016-2020 Region and State

2016

2017

2018

2019

2020

Change 2019-2020

(dollars)

(percent)

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

3,550 6,450 13,000 1,460 2,860 6,040

3,640 6,580 13,100 1,480 3,020 6,160

3,770 (D) 13,300 1,560 3,140 6,410

3,870 (D) 13,400 1,530 3,290 6,530

3,900 (D) 13,300 1,540 3,370 6,520

0.8 (X) -0.7 0.7 2.4 -0.2

2,020 2,650 1,680 2,190

2,050 2,620 1,740 2,200

2,080 2,600 1,750 2,260

2,080 2,590 1,700 2,310

2,050 2,600 1,680 2,250

-1.4 0.4 -1.2 -2.6

2,330 3,350 2,480 3,190 1,830 3,250

2,260 3,240 2,430 2,850 1,830 3,240

2,320 3,200 2,430 2,790 1,920 3,370

2,330 3,170 2,450 2,720 1,980 3,350

2,340 3,200 2,400 2,690 2,000 3,370

0.4 0.9 -2.0 -1.1 1.0 0.6

1,000 1,310 891 794 993

1,020 1,310 904 804 1,020

1,040 1,320 975 776 1,040

1,090 1,390 1,050 820 1,050

1,080 1,370 1,040 790 1,050

-0.9 -1.4 -1.0 -3.7 -

3,440 2,880 4,810 3,610 4,090 2,060

3,500 2,970 4,840 3,670 4,150 2,100

3,530 3,000 4,830 3,870 4,050 2,090

3,540 3,030 4,810 3,860 4,020 2,120

3,550 3,050 4,780 3,880 4,000 2,150

0.3 0.7 -0.6 0.5 -0.5 1.4

See footnote(s) at end of table.

--continued

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Pasture Average Value per Acre – Regions, States, and United States: 2016-2020 (continued) Region and State

2016

2017

(dollars)

2018

(dollars)

2019

(dollars)

Change 2019-2020

2020

(dollars)

(percent)

4,000 2,280 5,200 3,540 3,120

4,030 2,360 5,240 3,570 3,180

4,180 2,470 5,380 3,660 3,260

4,180 2,590 5,360 3,730 3,240

4,230 2,600 5,400 3,820 3,300

1.2 0.4 0.7 2.4 1.9

2,420 2,410 2,570 2,300

2,480 2,460 2,660 2,350

2,550 2,530 2,750 2,410

2,620 2,610 2,830 2,430

2,650 2,650 2,870 2,450

1.1 1.5 1.4 0.8

Southern Plains ................................. Oklahoma ...................................... Texas .............................................

1,480 1,380 1,500

1,490 1,350 1,520

1,540 1,380 1,570

1,620 1,460 1,660

1,640 1,480 1,680

1.2 1.4 1.2

636 (D) 803 1,350 649 (D) 363 1,100 540

647 (D) 818 1,420 658 (D) 379 1,130 550

667 (D) 835 1,490 667 (D) 394 1,160 561

683 (D) 845 1,560 680 (D) 417 1,240 575

687 (D) 845 1,610 680 (D) 420 1,240 580

0.6 (X) 3.2 (X) 0.7 0.9

1,660 2,760 692 790

1,680 2,780 715 782

1,680 2,810 728 766

1,750 3,010 750 766

1,750 3,000 760 740

-0.3 1.3 -3.4

United States 3 ...................................

1,320

1,330

1,370

1,400

- Represents zero. (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.

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Value of Farmland and Buildings – States and United States: 2015-2019 [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 Region and State

2015

2016

2017

2018

2019

Change 2018-2019

(million dollars)

(percent)

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

4,680 4,217 3,038 14,540 5,300 1,958 9,709 21,630 42,825 858 4,020

4,641 4,311 2,873 14,940 5,350 1,982 9,709 21,770 42,486 876 4,080

4,598 4,373 3,081 15,240 5,292 2,090 9,782 21,804 44,019 894 4,164

4,674 4,457 3,081 15,720 5,450 2,107 10,125 22,287 45,625 912 4,248

4,636 4,744 3,133 16,120 5,550 2,141 10,125 22,425 47,231 936 4,356

-0.8 6.4 1.7 2.5 1.8 1.6 0.6 3.5 2.6 2.5

Lake States Michigan ......................................... Minnesota ....................................... Wisconsin .......................................

48,706 122,332 65,520

48,020 122,624 65,088

48,412 124,185 69,641

48,608 123,675 70,070

48,608 123,420 70,785

-0.2 1.0

Corn Belt Illinois ............................................. Indiana ............................................ Iowa ................................................ Missouri .......................................... Ohio ................................................

200,610 103,257 234,702 90,117 83,020

197,100 101,767 225,522 89,838 83,580

193,320 98,700 224,910 86,736 84,140

196,560 98,700 222,462 93,626 86,180

196,560 98,042 220,014 93,840 85,544

-0.7 -1.1 0.2 -0.7

Northern Plains Kansas ........................................... Nebraska ........................................ North Dakota .................................. South Dakota .................................

94,095 135,751 73,491 98,724

87,478 130,050 68,775 94,827

86,562 126,900 68,382 90,720

84,730 123,750 67,203 89,424

89,572 127,965 68,382 89,424

5.7 3.4 1.8 -

Appalachian Kentucky ........................................ North Carolina ................................ Tennessee ..................................... Virginia ........................................... West Virginia ..................................

44,147 38,760 40,221 35,076 9,468

46,020 38,675 41,093 35,313 9,432

47,840 38,472 41,856 35,802 9,768

48,633 38,976 42,728 36,036 9,540

49,278 39,312 43,092 36,270 9,380

1.3 0.9 0.9 0.6 -1.7

See footnote(s) at end of table.

--continued

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Value of Farmland and Buildings – States and United States: 2015-2019 (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 Region and State

2015

2016

2017

2018

2019

Change 2018-2019

(million dollars)

(percent)

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

23,577 52,608 32,046 15,024

24,252 52,896 34,100 15,264

25,026 56,842 35,600 15,228

25,330 57,230 35,451 15,888

25,730 57,715 35,394 16,320

1.6 0.8 -0.2 2.7

Delta States Arkansas ........................................ Louisiana ....................................... Mississippi .....................................

41,676 21,962 26,500

41,700 22,960 27,195

43,229 23,680 27,664

43,924 24,320 28,496

46,480 24,960 29,120

5.8 2.6 2.2

Southern Plains Oklahoma ...................................... Texas .............................................

55,909 239,010

57,967 234,600

59,850 243,840

61,560 260,350

64,328 268,180

4.5 3.0

Mountain Arizona 1 ........................................ Colorado ........................................ Idaho .............................................. Montana ......................................... Nevada 1 ........................................ New Mexico 1 ................................. Utah 1 ............................................. Wyoming ........................................

25,211 47,550 29,601 52,126 5,934 20,268 15,523 20,374

24,929 47,550 30,044 52,443 5,829 20,586 15,512 20,481

26,058 48,972 31,941 53,278 5,722 20,977 15,983 20,648

26,493 49,608 33,292 53,128 5,722 21,100 16,290 21,054

26,608 49,926 34,500 53,070 5,722 20,982 17,019 21,460

0.4 0.6 3.6 -0.1 -0.6 4.5 1.9

Pacific California ........................................ Oregon ........................................... Washington ....................................

194,718 34,668 38,073

200,384 35,840 39,396

219,765 37,760 40,572

227,205 38,880 41,748

243,000 39,500 41,172

7.0 1.6 -1.4

United States 2 ...................................

2,623,130

2,602,148

2,644,318

2,686,656

2,732,071

1.7

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

Land Values 2020 Summary (August 2020) 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 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Statistical Methodology Survey Procedures: The estimates of land values in this report are based primarily on the Agricultural Land Values Survey, conducted during June and early July. Mail, internet, and telephone were the main data collection modes. The Agricultural Land Values Survey contacted the same operators that were in segments of land from the 2019 June Area Survey. The 2019 June Area Survey used 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 Agricultural Land Values Survey contacted all agricultural producers operating land within the boundaries of the sampled land segments, as of June 2019. Land value information is recorded for the operator’s entire farming operation by cropland, pasture, and value of all land and buildings 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 by the operator from 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.

Land Values 2020 Summary (August 2020) 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 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.

Land Values 2020 Summary (August 2020) 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 nass@nass.usda.gov. Herman Ellison, Chief, Environmental, Economics, and Demographics Branch .......................................... (202) 720-6146 Bruce Boess, Head, Economics Section ....................................................................................................... (202) 720-4447 Eric Barnes – Cash Receipts, Farm Computer Use, Land Values, Prices, Prices Indexes, Parity Prices.. (202) 690-3225 Stephanie Brennan – Farm Production Expenditures.............................................................................. (202) 690-0392 Kuan Chen – Prices, Prices Indexes, Parity Prices ................................................................................. (202) 690-3347 Doug Farmer – Chemical Use ................................................................................................................ (202) 690-3229 Michael Mathison – Cash Rents, Farms, Land in Farms, Grazing Fees .................................................. (202) 720-3243 Max Reason – Prices Received Indexes, Parity Prices, Prices Paid Indexes ........................................... (202) 720-8844 Theresa Varner – Farm Labor ................................................................................................................ (202) 690-3231

Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service

Released August 6, 2020, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Access to NASS Reports For your convenience, you may access NASS reports and products the following ways:  All reports are available electronically, at no cost, on the NASS web site: www.nass.usda.gov  Both national and state specific reports are available via a free e-mail subscription. To set-up this free subscription, visit www.nass.usda.gov and click on “National” or “State” in upper right corner above “search” box to create an account and select the reports you would like to receive.  Cornell’s Mann Library has launched a new website housing NASS’s and other agency’s archived reports. The new website, https://usda.library.cornell.edu. All email subscriptions containing reports will be sent from the new website, https://usda.library.cornell.edu. To continue receiving the reports via e-mail, you will have to go to the new website, create a new account and re-subscribe to the reports. If you need instructions to set up an account or subscribe, they are located at: https://usda.library.cornell.edu/help. You should whitelist notifications@usdaesmis.library.cornell.edu in your email client to avoid the emails going into spam/junk folders. 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: nass@usda.gov. 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 www.ascr.usda.gov/filing-program-discrimination-complaint-usda-customer, 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 program.intake@usda.gov.

USDA Land Values 2020

Articles inside

Agricultural Land Values Highlights

Terms and Definitions

Statistical Methodology