Land Values 2011 Summary August 2011 United States Department of Agriculture National Agricultural Statistics Service Contents Agricultural Land Values Highlights..................................................... 4 Farm Real Estate, Average Value per Acre - United States: 2003-2011.................... 5 2011 Farm Real Estate Value by State, Dollars per Acre and Percent Change from 2010..... 5 Cropland, Average Value per Acre - United States: 2003-2011............................. 6 2011 Cropland Value by State, Dollars per Acre and Percent Change from 2010............. 6 Pasture, Average Value per Acre - United States: 2003-2011.............................. 7 2011 Pasture Value by State, Dollars per Acre and Percent Change from 2010.............. 7 Farm Real Estate, Average Value per Acre - Region, State, and United States: 2007-2011.. 8 Cropland, Average Value per Acre - Region, State, and United States: 2007-2011.......... 10 Irrigated and Non-Irrigated Cropland, Average Value per Acre - State: 2007-2011......... 12 Pasture Average Value per Acre - Region, State, and United States: 2007-2011............ 14 Value of Farmland and Buildings - Region, State, and United States: 2006-2010........... 16 Economic Regions ....................................................................... 18 Statistical Methodology ................................................................ 19 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 $2,350 per acre for 2011, up 6.8 percent from 2010. Regional changes in the average value of farm real estate ranged from a 15.9 percent increase in the Corn Belt region to a 2 percent decline in the Southeast region. The highest farm real estate values remained in the Northeast region at $4,690 per acre. The Mountain region had the lowest farm real estate value, $923 per acre. The United States cropland value increased by $260 per acre (9.4 percent) to $3,030 per acre. In the Northern Plains and Corn Belt regions, the average cropland value increased 17.2 and 16 percent, respectively, from the previous year. However, in the Northeast and Southeast regions, cropland values decreased by 1.3 percent and 1.1 percent, respectively. The United States pasture value increased to $1,100 per acre or 1.9 percent above 2010. The Southeast region had the largest percentage decrease in pasture value, 8.4 percent below 2010. The Corn Belt and Northern Plains regions had the highest percentage increase, both 6.6 percent above 2010. Farm Real Estate, Average Value per Acre - Region, State, and United States: 2007-2011 -------------------------------------------------------------------------------- : : : : : : Change Region and state 1/: 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 4,920 4,980 4,830 4,690 4,690 - Connecticut ......: 12,700 12,700 12,000 11,500 11,500 - Delaware .........: 10,700 10,300 8,900 8,100 8,100 - Maine ............: 2,230 2,200 2,100 2,000 2,100 5.0 Maryland .........: 8,500 8,000 7,500 7,200 7,200 - Massachusetts ....: 11,900 12,300 12,000 11,300 11,000 -2.7 New Hampshire ....: 4,800 4,900 4,800 4,750 4,650 -2.1 New Jersey .......: 15,700 15,300 13,800 13,100 12,700 -3.1 New York .........: 2,180 2,350 2,400 2,400 2,450 2.1 Pennsylvania .....: 4,970 5,120 5,100 5,000 5,000 - Rhode Island .....: 16,400 16,800 15,300 13,600 13,000 -4.4 Vermont ..........: 2,740 2,900 2,800 2,750 2,750 - : Lake ...............: 3,180 3,410 3,300 3,340 3,650 9.3 Michigan .........: 3,760 3,900 3,750 3,650 3,850 5.5 Minnesota ........: 2,700 2,970 2,870 2,990 3,350 12.0 Wisconsin ........: 3,640 3,850 3,750 3,750 4,050 8.0 : Corn Belt ..........: 3,290 3,700 3,620 3,960 4,590 15.9 Illinois .........: 4,020 4,550 4,530 4,900 5,700 16.3 Indiana ..........: 3,640 4,100 4,020 4,300 4,800 11.6 Iowa .............: 3,370 3,950 3,850 4,500 5,600 24.4 Missouri .........: 2,170 2,300 2,200 2,350 2,530 7.7 Ohio .............: 3,700 4,020 3,880 4,000 4,300 7.5 : Northern Plains ....: 896 1,020 1,020 1,120 1,290 15.2 Kansas ...........: 980 1,020 1,030 1,100 1,250 13.6 Nebraska .........: 1,140 1,330 1,340 1,520 1,780 17.1 North Dakota .....: 650 770 780 850 980 15.3 South Dakota .....: 770 920 890 970 1,100 13.4 : Appalachian ........: 3,520 3,650 3,530 3,560 3,650 2.5 Kentucky .........: 2,740 2,850 2,850 2,880 2,900 0.7 North Carolina ...: 4,330 4,450 4,250 4,200 4,470 6.4 Tennessee ........: 3,250 3,450 3,300 3,550 3,650 2.8 Virginia .........: 4,900 5,000 4,800 4,600 4,500 -2.2 West Virginia ....: 2,300 2,500 2,400 2,400 2,700 12.5 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Farm Real Estate, Average Value per Acre - Region, State, and United States: 2007-2011 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and state 1/: 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Southeast ..........: 3,890 3,940 3,690 3,520 3,450 -2.0 Alabama ..........: 2,200 2,300 2,150 2,100 2,050 -2.4 Florida ..........: 5,500 5,640 5,150 4,800 4,700 -2.1 Georgia ..........: 4,350 4,300 4,100 3,900 3,800 -2.6 South Carolina ...: 2,820 2,950 2,900 2,900 2,900 - : Delta ..............: 2,080 2,220 2,160 2,230 2,340 4.9 Arkansas .........: 2,240 2,420 2,390 2,500 2,600 4.0 Louisiana ........: 1,950 2,050 1,970 2,050 2,200 7.3 Mississippi ......: 1,970 2,080 2,000 2,030 2,120 4.4 : Southern Plains ....: 1,320 1,470 1,470 1,580 1,660 5.1 Oklahoma .........: 1,080 1,150 1,170 1,240 1,330 7.3 Texas ............: 1,380 1,550 1,550 1,670 1,750 4.8 : Mountain ...........: 964 1,030 922 913 923 1.1 Arizona 2/ .......: 3,200 3,500 3,500 3,500 3,500 - Colorado .........: 1,130 1,150 1,100 1,080 1,100 1.9 Idaho ............: 2,480 2,500 2,200 2,100 2,050 -2.4 Montana ..........: 830 900 700 700 710 1.4 Nevada 2/ ........: 980 1,000 1,000 1,000 1,000 - New Mexico 2/ ....: 460 500 480 480 500 4.2 Utah 2/ ..........: 1,730 1,850 1,800 1,810 1,800 -0.6 Wyoming ..........: 490 560 520 520 540 3.8 : Pacific ............: 3,660 3,970 4,010 4,090 4,090 - California .......: 5,960 6,440 6,600 6,700 6,600 -1.5 Oregon ...........: 1,720 1,900 1,800 1,900 2,000 5.3 Washington .......: 1,850 2,020 2,000 2,050 2,090 2.0 : United States 3/ ...: 2,010 2,170 2,110 2,200 2,350 6.8 -------------------------------------------------------------------------------- - Represents zero. 1/ See page 18 for definition of Regions. 2/ Excludes American Indian Reservation land. 3/ Excludes Alaska and Hawaii. Cropland, Average Value per Acre - Region, State, and United States: 2007-2011 -------------------------------------------------------------------------------- : : : : : : Change Region and state 1/: 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 5,350 5,590 5,340 5,260 5,190 -1.3 Delaware .........: 10,200 9,800 8,500 7,900 7,800 -1.3 Maryland .........: 8,400 7,800 7,300 7,000 7,000 - New Jersey .......: 16,000 15,600 14,000 13,300 12,800 -3.8 New York .........: 1,900 2,150 2,200 2,400 2,400 - Pennsylvania .....: 5,330 6,000 5,700 5,650 5,550 -1.8 Other States 2/ ..: 7,690 7,930 7,570 7,150 7,040 -1.5 : Lake ...............: 2,830 3,080 3,020 3,120 3,450 10.6 Michigan .........: 3,280 3,480 3,370 3,300 3,500 6.1 Minnesota ........: 2,420 2,700 2,610 2,820 3,200 13.5 Wisconsin ........: 3,370 3,600 3,650 3,650 3,950 8.2 : Corn Belt ..........: 3,530 4,030 3,910 4,240 4,920 16.0 Illinois .........: 4,150 4,850 4,670 4,900 5,800 18.4 Indiana ..........: 3,640 4,140 3,950 4,400 4,800 9.1 Iowa .............: 3,600 4,260 4,050 4,600 5,700 23.9 Missouri .........: 2,330 2,500 2,540 2,690 2,850 5.9 Ohio .............: 3,820 4,140 3,900 4,050 4,400 8.6 : Northern Plains ....: 1,090 1,280 1,300 1,450 1,700 17.2 Kansas ...........: 914 1,020 1,050 1,150 1,300 13.0 Nebraska .........: 1,760 2,050 2,180 2,510 2,960 17.9 North Dakota .....: 670 810 800 870 1,040 19.5 South Dakota .....: 1,180 1,400 1,400 1,560 1,810 16.0 : Appalachian ........: 3,570 3,730 3,600 3,590 3,590 - Kentucky .........: 2,930 3,100 3,150 3,180 3,250 2.2 North Carolina ...: 3,720 3,850 3,770 3,720 3,720 - Tennessee ........: 3,200 3,400 3,270 3,400 3,400 - Virginia .........: 5,250 5,350 5,000 4,700 4,500 -4.3 West Virginia ....: 3,600 3,800 3,500 3,400 3,500 2.9 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Cropland, Average Value per Acre - Region, State, and United States: 2007-2011 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State 1/: 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Southeast ..........: 4,180 4,380 3,960 3,690 3,650 -1.1 Alabama ..........: 2,450 2,650 2,500 2,400 2,350 -2.1 Florida ..........: 6,860 6,980 6,430 6,180 6,030 -2.4 Georgia ..........: 4,290 4,540 4,050 3,510 3,530 0.6 South Carolina ...: 2,430 2,610 2,500 2,520 2,520 - : Delta ..............: 1,690 1,800 1,810 1,920 2,050 6.8 Arkansas .........: 1,680 1,770 1,860 1,990 2,120 6.5 Louisiana ........: 1,690 1,830 1,740 1,800 1,970 9.4 Mississippi ......: 1,710 1,810 1,810 1,900 2,020 6.3 : Southern Plains ....: 1,250 1,390 1,380 1,430 1,520 6.3 Oklahoma .........: 979 1,110 1,130 1,160 1,190 2.6 Texas ............: 1,360 1,500 1,480 1,540 1,650 7.1 : Mountain ...........: 1,640 1,670 1,610 1,530 1,550 1.3 Arizona 3/ .......: 10,800 11,500 10,000 8,000 8,000 - Colorado .........: 1,270 1,310 1,300 1,290 1,340 3.9 Idaho ............: 2,770 2,800 2,610 2,470 2,460 -0.4 Montana ..........: 784 811 787 779 807 3.6 Nevada 3/ ........: 2,720 2,740 2,700 4/ 4/ (X) New Mexico 3/ ....: 1,570 1,630 1,810 1,820 1,820 - Utah 3/ ..........: 2,940 2,700 2,810 2,720 2,690 -1.1 Wyoming ..........: 1,150 1,180 1,177 1,197 1,270 6.1 : Pacific ............: 5,420 5,570 5,210 5,080 5,150 1.4 California .......: 9,700 9,880 9,480 9,130 9,230 1.1 Oregon ...........: 2,280 2,380 2,340 2,290 2,290 - Washington .......: 1,700 1,830 1,790 1,890 1,960 3.7 : United States 5/ ...: 2,530 2,760 2,670 2,770 3,030 9.4 -------------------------------------------------------------------------------- - Represents zero. (X) Not applicable. 1/ See page 18 for definition of Regions. 2/ Includes: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. 3/ Excludes American Indian Reservation land. 4/ Not published due to insufficient reports. 5/ Excludes Alaska and Hawaii. Irrigated and Non-Irrigated Cropland, Average Value per Acre - State: 2007-2011 [Only States with significant irrigated acreage appear in this table] ---------------------------------------------------------------------------------------- Region, State, : : : : : : Change and land type 1/ : 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 ---------------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Corn Belt : Missouri all cropland ....: 2,330 2,500 2,540 2,690 2,850 5.9 Irrigated .............: 2,800 2,980 3,050 3,250 3,450 6.2 Non-irrigated .........: 2,300 2,470 2,500 2,650 2,800 5.7 : Northern Plains : Kansas all cropland ......: 914 1,020 1,050 1,150 1,300 13.0 Irrigated .............: 1,260 1,450 1,500 1,600 1,800 12.5 Non-irrigated .........: 880 980 1,000 1,100 1,250 13.6 : Nebraska all cropland ....: 1,760 2,050 2,180 2,510 2,960 17.9 Irrigated .............: 2,230 2,650 2,700 3,150 3,900 23.8 Non-irrigated .........: 1,520 1,750 1,850 2,100 2,350 11.9 : South Dakota all cropland : 1,180 1,400 1,400 1,560 1,810 16.0 Irrigated .............: 1,600 1,830 1,850 2/ 2/ (X) Non-irrigated .........: 1,170 1,390 1,390 1,550 1,800 16.1 : Southeast : Florida all cropland .....: 6,860 6,980 6,430 6,180 6,030 -2.4 Irrigated .............: 7,580 7,790 7,000 6,700 6,500 -3.0 Non-irrigated .........: 6,160 6,300 5,900 5,700 5,600 -1.8 : Georgia all cropland .....: 4,290 4,540 4,050 3,510 3,530 0.6 Irrigated .............: 3,550 3,600 3,500 3,200 3,300 3.1 Non-irrigated .........: 4,450 4,750 4,200 3,600 3,600 - : Delta : Arkansas all cropland ....: 1,680 1,770 1,860 1,990 2,120 6.5 Irrigated .............: 1,850 1,920 2,100 2,250 2,450 8.9 Non-irrigated .........: 1,540 1,650 1,600 1,700 1,750 2.9 : Louisiana all cropland ...: 1,690 1,830 1,740 1,800 1,970 9.4 Irrigated .............: 1,470 1,560 1,500 1,700 1,850 8.8 Non-irrigated .........: 1,740 1,890 1,800 1,830 2,000 9.3 : Mississippi all cropland .: 1,710 1,810 1,810 1,900 2,020 6.3 Irrigated .............: 1,740 1,980 1,830 1,970 2,250 14.2 Non-irrigated .........: 1,700 1,770 1,800 1,880 1,950 3.7 : Southern Plains : Oklahoma all cropland ....: 979 1,110 1,130 1,160 1,190 2.6 Irrigated .............: 1,250 1,400 2/ 2/ 2/ (X) Non-irrigated .........: 970 1,100 1,120 1,150 1,180 2.6 : Texas all cropland .......: 1,360 1,500 1,480 1,540 1,650 7.1 Irrigated .............: 1,520 1,680 1,700 1,700 1,750 2.9 Non-irrigated .........: 1,340 1,480 1,450 1,510 1,630 7.9 ---------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Irrigated and Non-Irrigated Cropland, Average Value per Acre - State: 2007-2011 (continued) [Only States with significant irrigated acreage appear in this table] -------------------------------------------------------------------------------------- Region, State, : : : : : : Change and land type 1/ : 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------------- : ----------------- dollars ---------------- percent : Mountain : Arizona all cropland 3/ .....: 10,800 11,500 10,000 8,000 8,000 - Irrigated ................: 10,800 11,500 10,000 8,000 8,000 - : Colorado all cropland .......: 1,270 1,310 1,300 1,290 1,340 3.9 Irrigated ................: 2,900 3,100 3,150 3,100 3,160 1.9 Non-irrigated ............: 820 890 840 840 880 4.8 : Idaho all cropland ..........: 2,770 2,800 2,610 2,470 2,460 -0.4 Irrigated ................: 4,350 4,500 4,000 3,800 3,800 - Non-irrigated ............: 1,230 1,360 1,300 1,220 1,200 -1.6 : Montana all cropland ........: 784 811 787 779 807 3.6 Irrigated ................: 3,000 3,300 2,800 2,700 2,700 - Non-irrigated ............: 560 580 600 600 630 5.0 : Nevada all cropland 3/ ......: 2,720 2,740 2,700 2/ 2/ (X) Irrigated ................: 2,720 2,740 2,700 2/ 2/ (X) : New Mexico all cropland 3/ ..: 1,570 1,630 1,810 1,820 1,820 - Irrigated ................: 4,630 5,360 5,490 5,500 5,500 - Non-irrigated ............: 360 410 400 400 410 2.5 : Utah all cropland 3/ ........: 2,940 2,700 2,810 2,720 2,690 -1.1 Irrigated ................: 5,220 5,260 5,200 5,050 5,000 -1.0 Non-irrigated ............: 1,120 1,150 1,080 1,040 1,030 -1.0 : Wyoming all cropland ........: 1,150 1,180 1,177 1,197 1,270 6.1 Irrigated ................: 1,860 2,090 1,900 1,950 2,050 5.1 Non-irrigated ............: 700 750 700 700 750 7.1 : Pacific : California all cropland .....: 9,700 9,880 9,480 9,130 9,230 1.1 Irrigated ................: 11,700 12,300 11,600 11,100 11,200 0.9 Non-irrigated ............: 3,480 3,570 3,400 3,500 3,600 2.9 : Oregon all cropland .........: 2,280 2,380 2,340 2,290 2,290 - Irrigated ................: 3,500 3,740 3,680 3,650 3,650 - Non-irrigated ............: 1,770 1,900 1,850 1,800 1,800 - : Washington all cropland .....: 1,700 1,830 1,790 1,890 1,960 3.7 Irrigated ................: 3,900 4,200 4,200 4,700 5,200 10.6 Non-irrigated ............: 1,110 1,210 1,150 1,150 1,100 -4.3 -------------------------------------------------------------------------------------- - Represents zero. (X) Not applicable. 1/ See page 18 for definition of Regions. 2/ Not published due to insufficient reports. 3/ Excludes American Indian Reservation land. Pasture Average Value per Acre - Region, State, and United States: 2007-2011 -------------------------------------------------------------------------------- : : : : : : Change Region and State 1/: 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------- : ------------------- dollars ------------------ percent : Northeast ..........: 3,420 3,480 3,270 3,170 3,210 1.3 New Jersey .......: 16,800 16,500 14,900 14,200 13,900 -2.1 New York .........: 980 1,100 1,050 1,100 1,200 9.1 Pennsylvania .....: 2,900 3,100 2,600 2,500 2,600 4.0 Other States 2/ ..: 6,360 6,370 6,060 5,820 5,750 -1.2 : Lake ...............: 1,720 1,840 1,790 1,780 1,800 1.1 Michigan .........: 2,450 2,630 2,550 2,400 2,500 4.2 Minnesota ........: 1,330 1,480 1,400 1,400 1,400 - Wisconsin ........: 2,000 2,130 2,050 2,050 2,090 2.0 : Corn Belt ..........: 1,910 2,090 1,950 1,970 2,100 6.6 Illinois .........: 2,350 2,550 2,400 2,600 2,800 7.7 Indiana ..........: 2,230 2,510 2,430 2,410 2,500 3.7 Iowa .............: 1,780 2,070 1,880 2,100 2,650 26.2 Missouri .........: 1,730 1,800 1,700 1,660 1,700 2.4 Ohio .............: 2,720 3,200 3,050 3,000 3,000 - : Northern Plains ....: 440 516 496 519 553 6.6 Kansas ...........: 660 750 750 790 810 2.5 Nebraska .........: 400 480 450 475 520 9.5 North Dakota .....: 300 350 350 370 410 10.8 South Dakota .....: 400 470 430 440 470 6.8 : Appalachian ........: 3,500 3,620 3,400 3,320 3,300 -0.6 Kentucky .........: 2,500 2,570 2,420 2,440 2,420 -0.8 North Carolina ...: 4,800 4,870 4,600 4,500 4,730 5.1 Tennessee ........: 3,680 3,880 3,650 3,600 3,600 - Virginia .........: 4,800 4,830 4,800 4,500 4,200 -6.7 West Virginia ....: 1,900 1,950 1,900 1,900 2,100 10.5 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Pasture, Average Value per Acre - Region, State, and United States: 2007-2011 (continued) -------------------------------------------------------------------------------- : : : : : : Change Region and State 1/: 2007 : 2008 : 2009 : 2010 : 2011 :2010-2011 -------------------------------------------------------------------------------- : ------------------ dollars ------------------ percent : Southeast ..........: 4,770 5,040 4,270 4,030 3,690 -8.4 Alabama ..........: 1,750 1,800 1,700 1,650 1,600 -3.0 Florida ..........: 5,360 5,930 5,300 5,050 4,500 -10.9 Georgia ..........: 7,850 7,450 6,000 5,400 5,000 -7.4 South Carolina ...: 2,920 3,000 2,900 2,900 2,900 - : Delta ..............: 2,060 2,160 2,130 2,140 2,170 1.4 Arkansas .........: 2,080 2,200 2,200 2,300 2,300 - Louisiana ........: 1,980 2,060 2,100 2,100 2,200 4.8 Mississippi ......: 2,110 2,200 2,050 1,930 1,930 - : Southern Plains ....: 1,170 1,340 1,300 1,340 1,420 6.0 Oklahoma .........: 900 1,000 1,010 1,020 1,040 2.0 Texas ............: 1,220 1,400 1,360 1,410 1,500 6.4 : Mountain ...........: 590 617 517 518 525 1.4 Arizona 3/ .......: 900 950 900 950 950 - Colorado .........: 730 710 670 650 640 -1.5 Idaho ............: 1,620 1,610 1,280 1,250 1,220 -2.4 Montana ..........: 740 760 530 530 530 - Nevada 3/ ........: 640 650 620 4/ 4/ (X) New Mexico 3/ ....: 280 310 280 290 310 6.9 Utah 3/ ..........: 900 940 870 920 920 - Wyoming ..........: 410 480 410 410 430 4.9 : Pacific ............: 1,720 1,900 1,730 1,700 1,680 -1.2 California .......: 2,800 3,020 2,900 2,850 2,800 -1.8 Oregon ...........: 660 740 700 670 670 - Washington .......: 680 770 820 820 820 - : United States 5/ ...: 1,030 1,090 1,070 1,080 1,100 1.9 -------------------------------------------------------------------------------- - Represents zero. (X) Not applicable. 1/ See page 18 for definition of Regions. 2/ Includes: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, and Vermont. 3/ Excludes American Indian Reservation land. 4/ Not published due to insufficient reports. 5/ Excludes Alaska and Hawaii. Value of Farmland and Buildings - Region, State, and United States: 2006-2010 [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 : 2006 : 2007 : 2008 : 2009 : 2010 :2009-2010 -------------------------------------------------------------------------------- : --------------- million dollars --------------- percent : Northeast ..........: Connecticut ......: 4,840 5,207 5,080 4,800 4,600 -4.2 Delaware .........: 5,304 5,457 5,150 4,361 3,969 -9.0 Maine ............: 2,849 3,011 2,970 2,835 2,700 -4.8 Maryland .........: 17,304 17,510 16,400 15,375 14,760 -4.0 Massachusetts ....: 6,084 6,188 6,396 6,240 5,876 -5.8 New Hampshire ....: 1,950 2,256 2,303 2,256 2,233 -1.0 New Jersey .......: 10,656 11,461 11,169 10,074 9,563 -5.1 New York .........: 14,685 15,696 16,685 17,040 16,800 -1.4 Pennsylvania .....: 34,164 38,766 39,680 39,525 38,750 -2.0 Rhode Island .....: 1,071 1,148 1,176 1,071 952 -11.1 Vermont ..........: 3,100 3,370 3,538 3,416 3,355 -1.8 : Lake States ........: Michigan .........: 34,037 37,600 39,000 37,500 36,500 -2.7 Minnesota ........: 63,180 72,630 79,893 77,203 80,431 4.2 Wisconsin ........: 47,430 55,328 58,520 57,000 57,000 - : Corn Belt ..........: Illinois .........: 96,571 107,736 121,485 120,951 130,830 8.2 Indiana ..........: 48,425 53,872 60,680 59,496 63,640 7.0 Iowa .............: 89,919 103,796 121,660 118,580 138,600 16.9 Missouri .........: 55,963 62,930 66,930 64,020 68,385 6.8 Ohio .............: 48,222 51,800 55,878 53,544 54,800 2.3 : Northern Plains ....: Kansas ...........: 41,282 45,374 47,124 47,586 50,820 6.8 Nebraska .........: 47,071 51,984 60,648 61,104 69,312 13.4 North Dakota .....: 22,852 25,740 30,492 30,888 33,660 9.0 South Dakota .....: 29,716 33,649 40,204 38,893 42,389 9.0 : Appalachian ........: Kentucky .........: 37,380 38,360 39,900 39,900 40,320 1.1 North Carolina ...: 35,728 37,238 38,270 36,550 36,120 -1.2 Tennessee ........: 32,967 35,750 37,605 35,970 38,695 7.6 Virginia .........: 36,326 39,690 40,000 38,400 37,030 -3.6 West Virginia ....: 7,200 8,510 9,250 8,880 8,760 -1.4 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Value of Farmland and Buildings - Region, State, and United States: 2006-2010 (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 : 2006 : 2007 : 2008 : 2009 : 2010 :2009-2010 -------------------------------------------------------------------------------- :---------------- million dollars ---------------- percent : Southeast ..........: Alabama ..........: 18,690 19,800 20,585 19,350 18,900 -2.3 Florida ..........: 49,476 51,150 52,170 47,638 44,400 -6.8 Georgia ..........: 41,800 44,805 44,720 42,230 40,170 -4.9 South Carolina ...: 12,470 13,818 14,455 14,210 14,210 - : Delta States .......: Arkansas .........: 28,000 31,136 33,154 32,504 34,250 5.4 Louisiana ........: 14,240 15,795 16,503 15,859 16,503 4.1 Mississippi ......: 19,470 21,670 22,880 22,100 22,635 2.4 : Southern Plains ....: Oklahoma .........: 33,756 37,908 40,365 41,067 43,648 6.3 Texas ............: 154,343 179,952 202,120 202,120 217,768 7.7 : Mountain ...........: Arizona 1/ .......: 16,311 16,926 18,156 18,156 18,156 - Colorado .........: 31,926 35,482 35,995 34,430 33,696 -2.1 Idaho ............: 25,520 28,520 28,500 25,080 23,940 -4.5 Montana ..........: 43,776 50,547 54,720 42,560 42,560 - Nevada 1/ ........: 4,150 4,777 4,871 4,871 4,871 - New Mexico 1/ ....: 16,684 18,505 19,829 19,169 19,217 0.3 Utah 1/ ..........: 11,293 12,479 13,291 12,953 13,021 0.5 Wyoming ..........: 12,640 14,798 16,856 15,704 15,704 - : Pacific ............: California .......: 137,752 151,384 163,576 167,640 170,180 1.5 Oregon ...........: 24,402 28,208 31,160 29,520 31,160 5.6 Washington .......: 25,800 27,565 29,896 29,600 30,340 2.5 : United States 2/ ...:1,598,775 1,777,282 1,921,888 1,870,219 1,946,179 4.1 -------------------------------------------------------------------------------- - 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 June Area Survey 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. In 2011, the survey included a stratified sample of 11,084 land areas (segments), averaging 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 Field Office (FO) conducts an analysis of the summarized indications and any other available information for their State. FOs 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 and Regional targets are established by the ASB. After FO recommendations are submitted, the ASB reviews the FO estimates and supporting comments and any conflicts with targeted Regional and National levels are resolved. The State 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 and/or high variability of the survey item's reported data. 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. Reliability: The June Area Survey from which land value and cash rent estimates are made is subject to sampling and non-sampling errors that are common to all surveys. Both types of error affect the "accuracy" of the estimates. Sampling error occurs because a complete census is not taken. The sampling error measures the variation in estimates from the average of all possible samples. An estimate of 100 with a sampling error of 1.0 would mean that chances are 19 out of 20 (95 percent confidence interval) that the estimates from all possible samples averaged together would be between 98 and 102 (the survey indication plus or minus two times the sampling error). The sampling errors from the 2011 area frame survey are listed below: United States Regions (range low to high) Farm Real Estate Value (%) 1.7 0.8 to 16.1 All Cropland Value (%) 0.9 0.7 to 8.7 Irrigated Cropland (%) 2.9 1.7 to 11.1 Non-irrigated Cropland (%) 1.4 1.4 to 17.4 Pasture Value (%) 2.5 1.9 to 14.1 Sampling errors cannot be applied directly to the values published in this report to determine confidence intervals since the official estimates represent a composite of information from more than a single source. Non-sampling errors cannot be measured directly and can occur in complete censuses as well as sample surveys. They are caused by the inability to obtain correct information from each person sampled, differences in interpreting questions or definitions, and mistakes in coding or processing data. To minimize non-sampling errors, vigorous quality controls are used in the data collection process and all data are carefully reviewed for consistency and reasonableness. 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. Irrigated cropland is normally worth more than land without irrigation potential or facilities. 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. Information Contacts Listed below are the commodity statisticians in the Economics Section of 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. Kevin Barnes, Chief, Environmental, Economics, and Demographics Branch.. (202) 720-6146 Kevin Hintzman, Head, Economics Section................................. (202) 690-3223 Daryl Brinkman - Prices Received, Prices Received Indexes............ (202) 720-8844 Kuan Chen - Prices, Prices Research.................................. (202) 720-5446 Bryan Combs - ARMS................................................... (202) 720-9168 Angie Considine - Cash Rents......................................... (202) 720-2250 Mark Gorsak - Prices, Prices Research ............................... (202) 720-3225 Michael Mathison - ARMS.............................................. (202) 720-3243 Scott Shimmin - Farm Numbers, Land in Farms, Land Values............. (202) 690-3231 Released August 4, 2011, 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: http://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 http://www.nass.usda.gov and in the "Receive NASS Updates" box under "Receive reports by Email," click on "National" or "State" to select the reports you would like to receive. Printed reports may be purchased from the National Technical Information Service (NTIS) by calling toll-free (800) 999-6779, or (703) 605-6220 if calling from outside the United States or Canada. 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