United States Department of Agriculture National Agricultural Statistics Service ISSN: 1949-1867 Land Values 2019 Summary August 2019 Contents Agricultural Land Values Highlights....................................................... 4 Average Farm Real Estate Value - United States: 2005-2019 Chart........................... 5 2019 Farm Real Estate Value by State - Dollars per Acre and Percent Change from 2018 Map.. 5 Average Cropland Value - United States: 2005-2019 Chart................................... 6 2019 Cropland Value by State - Dollars per Acre and Percent Change from 2018 Map........... 6 Average Pasture Value - United States: 2005-2019 Chart.................................... 7 2019 Pasture Value by State - Dollars per Acre and Percent Change from 2018 Map........... 7 Farm Real Estate Average Value per Acre - Regions, States, and United States: 2015-2019... 8 Cropland Average Value per Acre - Regions, States, and United States: 2015-2019........... 10 Irrigated and Non-Irrigated Cropland Average Value per Acre - States: 2015-2019........... 12 Pasture Average Value per Acre - Regions, States, and United States: 2015-2019............ 14 Value of Farmland and Buildings - States and United States: 2014-2018..................... 16 Economic Regions ......................................................................... 18 Statistical Methodology................................................................... 19 Terms and Definitions..................................................................... 20 Information Contacts...................................................................... 21 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 2019, up $60 per acre (1.9 percent) from 2018. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018. Farm Real Estate Average Value per Acre - Regions, States, and United States: 2015-2019 -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 5,190 5,270 5,380 5,550 5,690 2.5 Connecticut ......: 11,700 11,900 12,100 12,300 12,200 -0.8 Delaware .........: 8,110 8,290 8,250 8,410 8,950 6.4 Maine ............: 2,170 2,210 2,370 2,370 2,410 1.7 Maryland .........: 7,270 7,470 7,620 7,860 8,060 2.5 Massachusetts ....: 10,600 10,700 10,800 10,900 11,100 1.8 New Hampshire ....: 4,450 4,610 4,860 4,900 4,980 1.6 New Jersey .......: 13,300 13,300 13,400 13,500 13,500 - New York .........: 3,090 3,110 3,160 3,230 3,250 0.6 Pennsylvania .....: 5,710 5,820 6,030 6,250 6,470 3.5 Rhode Island .....: 14,300 14,600 14,900 15,200 15,600 2.6 Vermont ..........: 3,350 3,400 3,470 3,540 3,630 2.5 : Lake States ........: 4,740 4,730 4,880 4,890 4,900 0.2 Michigan .........: 4,970 4,900 4,940 4,960 4,960 - Minnesota ........: 4,760 4,790 4,870 4,850 4,840 -0.2 Wisconsin ........: 4,550 4,520 4,870 4,900 4,950 1.0 : Corn Belt ..........: 6,220 6,100 5,990 6,110 6,100 -0.2 Illinois .........: 7,430 7,300 7,160 7,280 7,280 - Indiana ..........: 6,930 6,830 6,580 6,580 6,580 - Iowa .............: 7,670 7,370 7,350 7,270 7,190 -1.1 Missouri .........: 3,230 3,220 3,120 3,380 3,400 0.6 Ohio .............: 5,930 5,970 6,010 6,200 6,290 1.5 : Northern Plains ....: 2,320 2,200 2,150 2,110 2,170 2.8 Kansas ...........: 2,050 1,910 1,890 1,850 1,960 5.9 Nebraska .........: 3,010 2,890 2,820 2,750 2,850 3.6 North Dakota .....: 1,870 1,750 1,740 1,710 1,740 1.8 South Dakota .....: 2,280 2,190 2,100 2,070 2,070 - : Appalachian ........: 3,810 3,880 3,970 4,030 4,080 1.2 Kentucky .........: 3,370 3,540 3,680 3,770 3,820 1.3 North Carolina ...: 4,560 4,550 4,580 4,640 4,680 0.9 Tennessee ........: 3,690 3,770 3,840 3,920 3,990 1.8 Virginia .........: 4,440 4,470 4,590 4,620 4,650 0.6 West Virginia ....: 2,630 2,620 2,640 2,650 2,680 1.1 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Farm Real Estate Average Value per Acre - Regions, States, and United States: 2015-2019 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Southeast ..........: 3,740 3,830 3,990 4,050 4,090 1.0 Alabama ..........: 2,710 2,820 2,910 2,980 3,100 4.0 Florida ..........: 5,480 5,510 5,860 5,900 5,950 0.8 Georgia ..........: 3,270 3,410 3,560 3,510 3,470 -1.1 South Carolina ...: 3,130 3,180 3,240 3,310 3,400 2.7 : Delta States .......: 2,790 2,830 2,920 3,000 3,100 3.3 Arkansas .........: 3,020 3,000 3,110 3,160 3,320 5.1 Louisiana ........: 2,780 2,870 2,960 3,040 3,120 2.6 Mississippi ......: 2,500 2,590 2,660 2,740 2,800 2.2 : Southern Plains ....: 1,810 1,810 1,880 2,000 2,070 3.5 Oklahoma .........: 1,630 1,690 1,750 1,800 1,870 3.9 Texas ............: 1,860 1,840 1,920 2,050 2,120 3.4 : Mountain ...........: 1,130 1,140 1,170 1,200 1,220 1.7 Arizona 1/ .......: 3,620 3,570 3,770 3,780 3,800 0.5 Colorado .........: 1,500 1,500 1,540 1,560 1,570 0.6 Idaho ............: 2,530 2,590 2,730 2,870 3,000 4.5 Montana ..........: 888 898 917 916 915 -0.1 Nevada 1/ ........: 1,080 1,040 1,020 1,020 1,020 - New Mexico 1/ ....: 523 540 558 565 570 0.9 Utah 1/ ..........: 2,130 2,160 2,230 2,310 2,420 4.8 Wyoming ..........: 686 699 712 726 740 1.9 : Pacific ............: 4,800 4,960 5,440 5,610 5,900 5.2 California .......: 7,820 8,080 8,970 9,350 10,000 7.0 Oregon ...........: 2,140 2,240 2,360 2,430 2,500 2.9 Washington .......: 2,590 2,680 2,760 2,840 2,820 -0.7 : United States 2/ ...: 3,000 2,990 3,030 3,100 3,160 1.9 -------------------------------------------------------------------------------- - Represents zero. 1/ Excludes American Indian Reservation land. 2/ Excludes Alaska and Hawaii. Cropland Average Value per Acre - Regions, States, and United States: 2015-2019 -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 5,520 5,650 5,700 5,940 6,040 1.7 Delaware .........: 7,880 8,090 7,960 8,120 8,600 5.9 Maryland .........: 6,720 6,910 7,050 7,280 7,370 1.2 New Jersey .......: 13,800 13,500 13,600 13,700 13,700 - New York .........: 2,680 2,690 2,740 2,800 2,810 0.4 Pennsylvania .....: 6,130 6,450 6,470 6,890 7,030 2.0 Other States 1/ ..: 7,270 7,290 7,630 7,650 7,900 3.3 : Lake States ........: 4,730 4,750 4,840 4,810 4,760 -1.0 Michigan .........: 4,620 4,590 4,580 4,510 4,500 -0.2 Minnesota ........: 4,860 4,840 4,920 4,950 4,810 -2.8 Wisconsin ........: 4,550 4,660 4,870 4,740 4,850 2.3 : Corn Belt ..........: 6,700 6,500 6,380 6,370 6,360 -0.2 Illinois .........: 7,580 7,350 7,210 7,280 7,300 0.3 Indiana ..........: 6,780 6,690 6,300 6,210 6,210 - Iowa .............: 7,860 7,510 7,440 7,290 7,260 -0.4 Missouri .........: 3,680 3,570 3,560 3,490 3,490 - Ohio .............: 6,030 6,070 6,150 6,320 6,400 1.3 : Northern Plains ....: 3,090 2,900 2,760 2,740 2,790 1.8 Kansas ...........: 2,230 2,080 2,010 2,060 2,160 4.9 Nebraska .........: 5,010 4,750 4,430 4,380 4,390 0.2 North Dakota .....: 2,080 1,910 1,890 1,870 1,920 2.7 South Dakota .....: 3,670 3,430 3,200 3,120 3,130 0.3 : Appalachian ........: 3,910 3,980 4,070 4,140 4,190 1.2 Kentucky .........: 3,860 3,980 4,140 4,250 4,300 1.2 North Carolina ...: 4,150 4,060 4,090 4,130 4,180 1.2 Tennessee ........: 3,510 3,670 3,730 3,830 3,910 2.1 Virginia .........: 4,560 4,610 4,730 4,760 4,720 -0.8 West Virginia ....: 3,290 3,220 3,250 3,250 3,280 0.9 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Cropland Average Value per Acre - Regions, States, and United States: 2015-2019 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Southeast ..........: 3,840 4,030 4,060 4,160 4,120 -1.0 Alabama ..........: 2,940 3,080 3,170 3,300 3,430 3.9 Florida ..........: 6,660 6,860 6,940 7,040 7,190 2.1 Georgia ..........: 3,160 3,420 3,430 3,430 3,210 -6.4 South Carolina ...: 2,560 2,610 2,700 2,790 2,830 1.4 : Delta States .......: 2,600 2,690 2,770 2,840 2,920 2.8 Arkansas .........: 2,600 2,660 2,730 2,780 2,850 2.5 Louisiana ........: 2,480 2,590 2,700 2,790 2,880 3.2 Mississippi ......: 2,700 2,810 2,900 3,000 3,080 2.7 : Southern Plains ....: 1,690 1,700 1,780 1,820 1,860 2.2 Oklahoma .........: 1,520 1,530 1,590 1,630 1,670 2.5 Texas ............: 1,760 1,770 1,850 1,890 1,930 2.1 : Mountain ...........: 1,780 1,820 1,860 1,910 1,980 3.7 Arizona 2/ .......: 7,970 7,800 7,720 7,610 7,600 -0.1 Colorado .........: 1,990 2,020 2,070 2,100 2,160 2.9 Idaho ............: 3,280 3,420 3,570 3,740 3,930 5.1 Montana ..........: 995 1,010 1,010 1,020 1,040 2.0 Nevada 2/ ........: 2,550 (D) (D) (D) (D) (X) New Mexico 2/ ....: 1,480 1,500 1,560 1,580 1,550 -1.9 Utah 2/ ..........: 3,430 3,530 3,690 3,830 3,970 3.7 Wyoming ..........: 1,420 1,450 1,460 1,490 1,520 2.0 : Pacific ............: 6,190 6,350 6,650 6,830 7,190 5.3 California .......: 10,850 11,160 11,630 12,170 12,830 5.4 Oregon ...........: 2,630 2,780 2,920 3,000 3,080 2.7 Washington .......: 2,530 2,590 2,660 2,630 2,630 - : United States 3/ ...: 4,100 4,040 4,030 4,050 4,100 1.2 -------------------------------------------------------------------------------- - 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. Irrigated and Non-Irrigated Cropland Average Value per Acre - States: 2015-2019 [Only states with significant irrigated acreage appear in this table] ----------------------------------------------------------------------------------------- Region, State, : : : : : : Change and Land type : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 ----------------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Corn Belt : Missouri, all cropland ....: 3,680 3,570 3,560 3,490 3,490 - Irrigated ..............: 4,950 4,830 4,940 4,770 4,770 - Non-irrigated ..........: 3,570 3,470 3,450 3,380 3,350 -0.9 : Northern Plains : Kansas, all cropland ......: 2,230 2,080 2,010 2,060 2,160 4.9 Irrigated ..............: 3,300 3,050 2,910 2,980 3,320 11.4 Non-irrigated ..........: 2,110 1,970 1,910 1,960 2,050 4.6 : Nebraska, all cropland ....: 5,010 4,750 4,430 4,380 4,390 0.2 Irrigated ..............: 6,780 6,430 6,010 5,930 5,850 -1.3 Non-irrigated ..........: 3,920 3,720 3,450 3,430 3,490 1.7 : South Dakota, all cropland : 3,670 3,430 3,200 3,120 3,130 0.3 Irrigated ..............: (D) (D) (D) (D) (D) (X) Non-irrigated ..........: 3,640 3,410 3,180 3,100 3,100 - : Southeast : Florida, all cropland .....: 6,660 6,860 6,940 7,040 7,190 2.1 Irrigated ..............: 7,680 7,750 7,860 7,980 8,160 2.3 Non-irrigated ..........: 5,690 6,020 6,070 6,160 6,280 1.9 : Georgia, all cropland .....: 3,160 3,420 3,430 3,430 3,210 -6.4 Irrigated ..............: 3,600 4,010 4,080 4,560 4,030 -11.6 Non-irrigated ..........: 3,000 3,210 3,190 3,020 2,870 -5.0 : Delta States : Arkansas, all cropland ....: 2,600 2,660 2,730 2,780 2,850 2.5 Irrigated ..............: 3,070 3,150 3,230 3,290 3,340 1.5 Non-irrigated ..........: 1,880 1,920 1,960 1,990 2,060 3.5 : Louisiana, all cropland ...: 2,480 2,590 2,700 2,790 2,880 3.2 Irrigated ..............: 2,380 2,520 2,660 2,750 2,820 2.5 Non-irrigated ..........: 2,510 2,620 2,710 2,810 2,900 3.2 : Mississippi, all cropland .: 2,700 2,810 2,900 3,000 3,080 2.7 Irrigated ..............: 3,130 3,300 3,440 3,580 3,620 1.1 Non-irrigated ..........: 2,500 2,580 2,640 2,720 2,770 1.8 : Southern Plains : Oklahoma, all cropland ....: 1,520 1,530 1,590 1,630 1,670 2.5 Irrigated ..............: (D) (D) (D) (D) (D) (X) Non-irrigated ..........: 1,510 1,520 1,580 1,610 1,650 2.5 : Texas, all cropland .......: 1,760 1,770 1,850 1,890 1,930 2.1 Irrigated ..............: 1,970 1,920 2,020 2,160 2,230 3.2 Non-irrigated ..........: 1,730 1,750 1,820 1,840 1,880 2.2 ----------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Irrigated and Non-Irrigated Cropland Average Value per Acre - States: 2015-2019 (continued) [Only states with significant irrigated acreage appear in this table] -------------------------------------------------------------------------------------- Region, State, : : : : : : Change and Land type : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------------- : ----------------- dollars ---------------- percent : Mountain : Arizona, all cropland 1/ ....: 7,970 7,800 7,720 7,610 7,600 -0.1 Irrigated ................: 7,970 7,800 7,720 7,610 7,600 -0.1 : Colorado, all cropland ......: 1,990 2,020 2,070 2,100 2,160 2.9 Irrigated ................: 4,840 4,860 4,950 5,050 5,100 1.0 Non-irrigated ............: 1,280 1,320 1,360 1,370 1,370 - : Idaho, all cropland .........: 3,280 3,420 3,570 3,740 3,930 5.1 Irrigated ................: 4,950 5,180 5,410 5,690 6,020 5.8 Non-irrigated ............: 1,430 1,470 1,530 1,590 1,650 3.8 : Montana, all cropland .......: 995 1,010 1,010 1,020 1,040 2.0 Irrigated ................: 2,950 2,970 2,970 2,990 3,010 0.7 Non-irrigated ............: 808 818 827 836 835 -0.1 : Nevada, all cropland 1/ .....: 2,550 (D) (D) (D) (D) (X) Irrigated ................: 2,550 (D) (D) (D) (D) (X) : New Mexico, all cropland 1/ .: 1,480 1,500 1,560 1,580 1,550 -1.9 Irrigated ................: 4,020 4,080 4,140 4,190 4,190 - Non-irrigated ............: 400 405 463 469 475 1.3 : Utah, all cropland 1/ .......: 3,430 3,530 3,690 3,830 3,970 3.7 Irrigated ................: 5,510 5,660 5,930 6,160 6,360 3.2 Non-irrigated ............: 1,180 1,240 1,270 1,320 1,400 6.1 : Wyoming, all cropland .......: 1,420 1,450 1,460 1,490 1,520 2.0 Irrigated ................: 2,280 2,330 2,340 2,390 2,430 1.7 Non-irrigated ............: 800 816 820 836 840 0.5 : Pacific : California, all cropland ....: 10,850 11,160 11,630 12,170 12,830 5.4 Irrigated ................: 12,900 13,200 13,700 14,300 15,100 5.6 Non-irrigated ............: 4,060 4,400 4,740 5,090 5,400 6.1 : Oregon, all cropland ........: 2,630 2,780 2,920 3,000 3,080 2.7 Irrigated ................: 4,400 4,730 4,950 5,180 5,290 2.1 Non-irrigated ............: 1,970 2,060 2,170 2,200 2,220 0.9 : Washington, all cropland ....: 2,530 2,590 2,660 2,630 2,630 - Irrigated ................: 7,530 7,760 8,000 7,930 7,690 -3.0 Non-irrigated ............: 1,230 1,250 1,270 1,260 1,260 - -------------------------------------------------------------------------------------- - 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: 2015-2019 -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 3,600 3,550 3,640 3,770 3,870 2.7 Maryland .........: 6,230 6,450 6,580 (D) (D) (X) New Jersey .......: 13,800 13,000 13,100 13,300 13,400 0.8 New York .........: 1,470 1,460 1,480 1,560 1,530 -1.9 Pennsylvania .....: 2,960 2,860 3,020 3,140 3,290 4.8 Other States 1/ ..: 6,010 6,040 6,160 6,410 6,530 1.9 : Lake States ........: 2,050 2,020 2,050 2,080 2,080 - Michigan .........: 2,720 2,650 2,620 2,600 2,590 -0.4 Minnesota ........: 1,720 1,680 1,740 1,750 1,700 -2.9 Wisconsin ........: 2,180 2,190 2,200 2,260 2,310 2.2 : Corn Belt ..........: 2,390 2,330 2,260 2,320 2,330 0.4 Illinois .........: 3,520 3,350 3,240 3,200 3,170 -0.9 Indiana ..........: 2,520 2,480 2,430 2,430 2,450 0.8 Iowa .............: 3,260 3,190 2,850 2,790 2,720 -2.5 Missouri .........: 1,880 1,830 1,830 1,920 1,980 3.1 Ohio .............: 3,240 3,250 3,240 3,370 3,350 -0.6 : Northern Plains ....: 1,010 1,000 1,020 1,040 1,090 4.8 Kansas ...........: 1,400 1,310 1,310 1,320 1,390 5.3 Nebraska .........: 859 891 904 975 1,050 7.7 North Dakota .....: 828 794 804 776 820 5.7 South Dakota .....: 963 993 1,020 1,040 1,050 1.0 : Appalachian ........: 3,410 3,440 3,500 3,530 3,540 0.3 Kentucky .........: 2,850 2,880 2,970 3,000 3,030 1.0 North Carolina ...: 4,760 4,810 4,840 4,830 4,810 -0.4 Tennessee ........: 3,540 3,610 3,670 3,870 3,860 -0.3 Virginia .........: 4,110 4,090 4,150 4,050 4,020 -0.7 West Virginia ....: 2,040 2,060 2,100 2,090 2,120 1.4 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Pasture Average Value per Acre - Regions, States, and United States: 2015-2019 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State : 2015 : 2016 : 2017 : 2018 : 2019 :2018-2019 -------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Southeast ..........: 3,870 4,000 4,030 4,180 4,180 - Alabama ..........: 2,210 2,280 2,360 2,470 2,590 4.9 Florida ..........: 4,970 5,200 5,240 5,380 5,360 -0.4 Georgia ..........: 3,580 3,540 3,570 3,660 3,730 1.9 South Carolina ...: 3,060 3,120 3,180 3,260 3,240 -0.6 : Delta States .......: 2,330 2,420 2,480 2,550 2,620 2.7 Arkansas .........: 2,270 2,410 2,460 2,530 2,610 3.2 Louisiana ........: 2,570 2,570 2,660 2,750 2,830 2.9 Mississippi ......: 2,210 2,300 2,350 2,410 2,430 0.8 : Southern Plains ....: 1,500 1,480 1,490 1,540 1,620 5.2 Oklahoma .........: 1,370 1,380 1,350 1,380 1,460 5.8 Texas ............: 1,530 1,500 1,520 1,570 1,660 5.7 : Mountain ...........: 626 636 647 667 683 2.4 Arizona 2/ .......: (D) (D) (D) (D) (D) (X) Colorado .........: 792 803 818 835 845 1.2 Idaho ............: 1,280 1,350 1,420 1,490 1,560 4.7 Montana ..........: 649 649 658 667 680 1.9 Nevada 2/ ........: (D) (D) (D) (D) (D) (X) New Mexico 2/ ....: 349 363 379 394 417 5.8 Utah 2/ ..........: 1,090 1,100 1,130 1,160 1,240 6.9 Wyoming ..........: 530 540 550 561 575 2.5 : Pacific ............: 1,640 1,660 1,680 1,680 1,750 4.2 California .......: 2,740 2,760 2,780 2,810 3,010 7.1 Oregon ...........: 666 692 715 728 750 3.0 Washington .......: 787 790 782 766 766 - : United States 3/ ...: 1,310 1,320 1,330 1,370 1,400 2.2 -------------------------------------------------------------------------------- - 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. Value of Farmland and Buildings - States and United States: 2014-2018 [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 : 2014 : 2015 : 2016 : 2017 : 2018 :2017-2018 -------------------------------------------------------------------------------- : --------------- million dollars --------------- percent : Northeast : Connecticut ......: 4,788 4,680 4,641 4,598 4,674 1.7 Delaware .........: 4,151 4,217 4,311 4,373 4,457 1.9 Maine ............: 2,968 3,038 2,873 3,081 3,081 - Maryland .........: 14,060 14,540 14,940 15,240 15,720 3.1 Massachusetts ....: 5,355 5,300 5,350 5,292 5,450 3.0 New Hampshire ....: 1,962 1,958 1,982 2,090 2,107 0.8 New Jersey .......: 9,490 9,709 9,709 9,782 10,125 3.5 New York .........: 19,180 21,630 21,770 21,804 22,287 2.2 Pennsylvania .....: 43,396 42,825 42,486 44,019 45,625 3.6 Rhode Island .....: 840 858 876 894 912 2.0 Vermont ..........: 3,948 4,020 4,080 4,164 4,248 2.0 : Lake States : Michigan .........: 46,827 48,706 48,020 48,412 48,608 0.4 Minnesota ........: 122,846 122,332 122,624 124,185 123,675 -0.4 Wisconsin ........: 62,785 65,520 65,088 69,641 70,070 0.6 : Corn Belt : Illinois .........: 202,708 200,610 197,100 193,320 196,560 1.7 Indiana ..........: 101,232 103,257 101,767 98,700 98,700 - Iowa .............: 254,592 234,702 225,522 224,910 222,462 -1.1 Missouri .........: 85,400 90,117 89,838 86,736 93,626 7.9 Ohio .............: 78,960 83,020 83,580 84,140 86,180 2.4 : Northern Plains : Kansas ...........: 94,554 94,095 87,478 86,562 84,730 -2.1 Nebraska .........: 139,810 135,751 130,050 126,900 123,750 -2.5 North Dakota .....: 70,526 73,491 68,775 68,382 67,203 -1.7 South Dakota .....: 88,765 98,724 94,827 90,720 89,424 -1.4 : Appalachian : Kentucky .........: 42,051 44,147 46,020 47,840 48,633 1.7 North Carolina ...: 38,590 38,760 38,675 38,472 38,976 1.3 Tennessee ........: 39,458 40,221 41,093 41,856 42,728 2.1 Virginia .........: 35,478 35,076 35,313 35,802 36,036 0.7 West Virginia ....: 9,288 9,468 9,432 9,768 9,540 -2.3 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Value of Farmland and Buildings - States and United States: 2014-2018 (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 : 2014 : 2015 : 2016 : 2017 : 2018 :2017-2018 -------------------------------------------------------------------------------- :---------------- million dollars ---------------- percent : Southeast : Alabama ..........: 23,232 23,577 24,252 25,026 25,330 1.2 Florida ..........: 50,784 52,608 52,896 56,842 57,230 0.7 Georgia ..........: 32,010 32,046 34,100 35,600 35,451 -0.4 South Carolina ...: 15,043 15,024 15,264 15,228 15,888 4.3 : Delta States : Arkansas .........: 39,054 41,676 41,700 43,229 43,924 1.6 Louisiana ........: 21,014 21,962 22,960 23,680 24,320 2.7 Mississippi ......: 25,704 26,500 27,195 27,664 28,496 3.0 : Southern Plains : Oklahoma .........: 53,320 55,909 57,967 59,850 61,560 2.9 Texas ............: 233,490 239,010 234,600 243,840 260,350 6.8 : Mountain : Arizona 1/ .......: 25,437 25,211 24,929 26,058 26,493 1.7 Colorado .........: 43,884 47,550 47,550 48,972 49,608 1.3 Idaho ............: 27,963 29,601 30,044 31,941 33,292 4.2 Montana ..........: 50,681 52,126 52,443 53,278 53,128 -0.3 Nevada 1/ ........: 5,829 5,934 5,829 5,722 5,722 - New Mexico 1/ ....: 20,669 20,268 20,586 20,977 21,100 0.6 Utah 1/ ..........: 15,114 15,523 15,512 15,983 16,290 1.9 Wyoming ..........: 19,196 20,374 20,481 20,648 21,054 2.0 : Pacific : California .......: 185,472 194,718 200,384 219,765 227,205 3.4 Oregon ...........: 33,578 34,668 35,840 37,760 38,880 3.0 Washington .......: 36,015 38,073 39,396 40,572 41,748 2.9 : United States 2/ ...:2,581,497 2,623,130 2,602,148 2,644,318 2,686,656 1.6 -------------------------------------------------------------------------------- - Represents zero. 1/ Value of all land and buildings adjusted to include American Indian Reservation land value. 2/ Excludes Alaska and Hawaii. Economic Regions: Northeast: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont. Lake States: Michigan, Minnesota, Wisconsin. Corn Belt: Illinois, Indiana, Iowa, Missouri, Ohio. Northern Plains: Kansas, Nebraska, North Dakota, South Dakota. Appalachian: Kentucky, North Carolina, Tennessee, Virginia, West Virginia. Southeast: Alabama, Florida, Georgia, South Carolina. Delta States: Arkansas, Louisiana, Mississippi. Southern Plains: Oklahoma, Texas. Mountain: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming. Pacific: California, Oregon, Washington. Statistical Methodology Survey Procedures: The estimates of land values in this report are based primarily on the June Area Survey, conducted during the first two weeks of June. This annual survey uses a complete, probability-based land-area sampling frame. A sample of approximately 10,500 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. Jody McDaniel, 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........... (202) 690-3225 Stephanie Brennan - Farm Production Expenditures...................... (202) 690-0392 Kuan Chen - Prices, Prices Indexes, Parity Prices..................... (202) 690-3347 Ryan Cowen - Cash Rents, Farms, Land in Farms, Grazing Fees........... (202) 720-2250 Doug Farmer - Chemical Use............................................ (202) 690-3229 Stephen Habets - Prices, Prices Indexes, Parity Prices................ (202) 720-9168 Michael Mathison - Farm Production Expenditures....................... (202) 720-3243 John Stephens - Prices, Prices Indexes, Parity Prices................. (202) 720-8844 Theresa Varner - Farm Labor........................................... (202) 690-3231 Released August 6, 2019, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). 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