Ag Land Values Increase Across The Nation

Agricultural land values in the United States overall escalated 7 percent in 2021 from the previous year, with more modest gains being reported for most Southern and Atlantic states, the U.S. Department of Agriculture (USDA) reports.

Farm real estate values, a measurement of all land and buildings on farms, averaged $3,380 per acre in 2021, up $220 from 2020, the biggest jump in seven years according to the USDA annual survey.

While all regions of the country experienced gains in farm land value, some were more modest, particularly in Southern states comprising the Southeast, Delta, and Appalachian regions, which together saw an overall average increase in value of approximately 2.2 percent. The one exception was the Southern Plains states of Texas and Oklahoma, which saw farm values increase an average of 9 percent.

In the Northeast, agricultural land values were up an average of 5 percent. Most states in the region experienced increases less than the overall average, with a couple of states seeing double digit increases, driving up the overall average value of farm land.

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