United States Department of Agriculture National Agricultural Statistics Service

Land Values 2016 Summary August 2016

ISSN: 1949-1867

Contents Agricultural Land Values Highlights ...................................................................................................................................... 4 Farm Real Estate, Average Value per Acre – United States: 2002-2016 ............................................................................... 5 2016 Farm Real Estate Value by State – Dollars per Acre and Percent Change from 2015 .................................................. 5 Cropland, Average Value per Acre – United States: 2002-2016 ............................................................................................ 6 2016 Cropland Value by State – Dollars per Acre and Percent Change from 2015 ............................................................... 6 Pasture, Average Value per Acre – United States: 2002-2016 ............................................................................................... 7 2016 Pasture Value by State – Dollars per Acre and Percent Change from 2015 .................................................................. 7 Farm Real Estate, Average Value per Acre – Region, State, and United States: 2012-2016 ................................................. 8 Cropland, Average Value per Acre – Region, State, and United States: 2012-2016 ............................................................ 10 Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2012-2016 ........................................................... 12 Pasture Average Value per Acre – Region, State, and United States: 2012-2016 ................................................................ 14 Value of Farmland and Buildings – Region, State, and United States: 2011-2015 .............................................................. 16 Economic Regions ............................................................................................................................................................... 18 Statistical Methodology ........................................................................................................................................................ 19 Terms and Definitions........................................................................................................................................................... 20 Information Contacts ............................................................................................................................................................ 21

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

3

Agricultural Land Values Highlights The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,010 per acre for 2016, down $10 per acre (0.3 percent) from 2015 values. Regional changes in the average value of farm real estate ranged from a 3.3 percent increase in the Pacific region to 4.3 percent decrease in the Northern Plains region. The highest farm real estate values were in the Corn Belt region at $6,290 per acre. The Mountain region had the lowest farm real estate value at $1,110 per acre. The United States cropland value decreased by $40 per acre (1.0 percent) to $4,090 per acre from the previous year. In the Southeast region, the average cropland value increased 4.0 percent from the previous year. However, in the Northern Plains region, cropland values decreased by 5.4 percent. The United States pasture value remained constant at $1,330 per acre. The Delta region had the highest increase of 3.9 percent from 2015. The Northeast region had the highest decrease in pasture land at 2.6 percent.

4

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Average Farm Real Estate Value – United States Dollars per acre 3,500 2,950 3,020 3,010

3,000

2,730 2,520

2,500 1,830

2,000 1,500

2,010

2,170 2,090 2,150

2,300

1,610 1,340 1,210 1,270

1,000 500 0 2002

2003 2004 2005

2006 2007 2008 2009

2010 2011 2012 2013

2014 2015 2016

USDA - NASS August 5, 2016

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

5

Average Cropland Value – United States Dollars per acre 4,500

4,100 4,130 4,090 3,810

4,000 3,350

3,500 3,000 2,300

2,500 2,000

2,530

2,980

2,760

2,640 2,700

2008

2009

2,060 1,750 1,590 1,660

1,500 1,000 500 0 2002

6

2003

2004

2005

2006

2007

2010

2011

2012

2013

2014

2015

2016

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Average Pasture Value – United States Dollars per acre

1,300 1,330 1,330

1,400 1,200 960

1,000

1,170

740

800 600

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

577

605

630

2002

2003

2004

400 200 0 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

USDA - NASS August 5, 2016

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

7

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2012-2016 Region and state

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

4,790 11,200 8,150 2,070 6,760 10,400 4,440 12,300 2,650 5,300 13,800 3,060

4,850 11,100 8,170 2,100 6,930 10,400 4,310 12,800 2,600 5,430 13,800 3,200

4,930 11,200 8,180 2,080 6,900 10,400 4,280 12,800 2,700 5,600 13,700 3,260

5,020 11,300 8,180 2,090 7,000 10,400 4,280 13,000 3,000 5,500 13,800 3,300

5,010 11,200 8,400 2,090 7,060 10,400 4,350 12,800 2,980 5,500 13,800 3,320

-0.2 -0.9 2.7 0.9 1.6 -1.5 -0.7 0.6

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

3,880 3,890 3,740 4,110

4,240 4,300 4,300 4,100

4,640 4,700 4,750 4,400

4,740 4,900 4,700 4,700

4,730 4,800 4,700 4,750

-0.2 -2.0 1.1

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

5,190 6,210 5,840 6,530 2,710 4,640

5,880 7,100 6,400 7,700 2,850 5,100

6,370 7,520 6,950 8,500 3,100 5,550

6,350 7,500 7,150 8,000 3,350 5,750

6,290 7,400 7,150 7,850 3,400 5,700

-0.9 -1.3 -1.9 1.5 -0.9

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

1,620 1,510 2,420 1,160 1,330

1,960 1,750 2,800 1,550 1,690

2,280 2,050 3,120 1,820 2,070

2,340 2,030 3,050 1,920 2,320

2,240 1,880 2,950 1,830 2,250

-4.3 -7.4 -3.3 -4.7 -3.0

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

3,530 2,840 4,330 3,520 4,260 2,540

3,610 3,020 4,340 3,570 4,310 2,550

3,690 3,150 4,510 3,600 4,320 2,560

3,730 3,250 4,500 3,650 4,320 2,600

3,760 3,350 4,450 3,700 4,300 2,570

0.8 3.1 -1.1 1.4 -0.5 -1.2

See footnote(s) at end of table.

8

--continued

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Farm Real Estate, Average Value per Acre – Region, State, and United States: 2012-2016 (continued) Region and state

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

3,530 2,390 5,160 3,260 3,010

3,590 2,500 5,200 3,300 2,980

3,630 2,600 5,250 3,300 3,010

3,670 2,630 5,400 3,270 3,010

3,700 2,700 5,300 3,400 3,000

0.8 2.7 -1.9 4.0 -0.3

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

2,440 2,620 2,400 2,250

2,520 2,700 2,550 2,270

2,640 2,850 2,670 2,340

2,780 3,050 2,800 2,420

2,820 3,050 2,900 2,470

1.4 3.6 2.1

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

1,620 1,370 1,690

1,630 1,450 1,680

1,790 1,580 1,850

1,890 1,700 1,940

1,930 1,800 1,960

2.1 5.9 1.0

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

953 3,370 1,170 2,140 760 1,040 520 1,800 590

1,010 3,500 1,280 2,220 790 1,040 500 1,900 600

1,070 3,740 1,350 2,360 860 1,080 520 2,030 630

1,100 3,780 1,440 2,470 890 1,130 510 2,050 660

1,110 3,800 1,420 2,500 900 1,110 520 2,040 660

0.9 0.5 -1.4 1.2 1.1 -1.8 2.0 -0.5 -

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

4,270 6,880 1,960 2,260

4,290 6,900 1,970 2,300

4,520 7,300 2,050 2,500

4,780 7,700 2,120 2,700

4,940 7,900 2,200 2,850

3.3 2.6 3.8 5.6

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

2,520

2,730

2,950

3,020

3,010

-0.3

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

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

9

Cropland, Average Value per Acre – Region, State, and United States: 2012-2016 Region and state

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

5,280 7,850 6,570 12,400 2,600 5,760 7,120

5,260 7,870 6,470 12,900 2,550 5,840 7,060

5,260 7,880 6,470 13,000 2,530 5,840 7,020

5,330 7,950 6,470 13,500 2,600 5,900 7,090

5,390 8,200 6,530 13,000 2,580 6,100 7,090

1.1 3.1 0.9 -3.7 -0.8 3.4 -

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

3,790 3,660 3,740 4,000

4,240 4,120 4,390 4,010

4,670 4,500 4,870 4,350

4,730 4,550 4,800 4,700

4,740 4,500 4,750 4,900

0.2 -1.1 -1.0 4.3

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

5,600 6,300 5,840 6,810 3,120 4,640

6,470 7,190 6,590 8,000 3,500 5,190

7,000 7,700 7,050 8,750 3,810 5,650

6,840 7,650 7,000 8,200 3,810 5,850

6,710 7,450 7,000 8,000 3,770 5,800

-1.9 -2.6 -2.4 -1.0 -0.9

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

2,210 1,650 4,190 1,260 2,200

2,720 1,930 4,860 1,750 2,840

3,090 2,260 5,180 2,050 3,430

3,130 2,210 5,070 2,140 3,730

2,960 2,050 4,850 2,000 3,520

-5.4 -7.2 -4.3 -6.5 -5.6

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

3,550 3,210 3,850 3,260 4,500 3,250

3,690 3,430 4,050 3,340 4,450 3,200

3,780 3,550 4,200 3,400 4,460 3,210

3,830 3,720 4,100 3,470 4,440 3,250

3,840 3,770 3,970 3,600 4,430 3,160

0.3 1.3 -3.2 3.7 -0.2 -2.8

See footnote(s) at end of table.

10

--continued

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Cropland, Average Value per Acre – Region, State, and United States: 2012-2016 (continued) Region and State

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

3,710 2,750 6,420 3,130 2,620

3,690 2,750 6,450 3,080 2,440

3,730 2,850 6,500 3,080 2,460

3,770 2,850 6,560 3,160 2,460

3,920 2,950 6,730 3,410 2,460

4.0 3.5 2.6 7.9 -

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

2,160 2,180 2,120 2,180

2,380 2,380 2,260 2,470

2,510 2,540 2,380 2,570

2,600 2,630 2,500 2,620

2,680 2,710 2,620 2,680

3.1 3.0 4.8 2.3

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

1,500 1,280 1,590

1,480 1,390 1,520

1,630 1,500 1,680

1,770 1,590 1,840

1,820 1,640 1,890

2.8 3.1 2.7

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

1,600 7,960 1,450 2,580 852 (D) 1,550 2,690 1,360

1,780 8,290 1,770 2,850 890 (D) 1,450 3,230 1,360

1,690 8,320 1,840 3,040 987 2,670 1,450 3,260 1,370

1,740 8,320 1,910 3,200 997 2,670 1,440 3,300 1,370

1,760 8,300 1,910 3,300 1,010 (D) 1,450 3,340 1,370

1.1 -0.2 3.1 1.3 (X) 0.7 1.2 -

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

5,310 9,400 2,340 2,190

5,690 9,860 2,400 2,420

5,860 10,140 2,500 2,560

6,160 10,690 2,600 2,630

6,330 10,910 2,730 2,760

2.8 2.1 5.0 4.9

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

3,350

3,810

4,100

4,130

4,090

-1.0

- 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 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

11

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2012-2016 [Only States with significant irrigated acreage appear in this table] Region, State, and land type

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

3,120 3,640 3,080

3,500 4,140 3,450

3,810 4,750 3,730

3,810 5,130 3,700

3,770 5,100 3,660

-1.0 -0.6 -1.1

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

1,650 2,250 1,590

1,930 2,760 1,840

2,260 3,280 2,150

2,210 3,270 2,090

2,050 3,000 1,940

-7.2 -8.3 -7.2

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

4,190 5,610 3,270

4,860 6,700 3,730

5,180 7,100 4,000

5,070 6,870 3,970

4,850 6,560 3,800

-4.3 -4.5 -4.3

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

2,200 (D) 2,190

2,840 (D) 2,820

3,430 (D) 3,400

3,730 (D) 3,700

3,520 (D) 3,500

-5.6 (X) -5.4

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

6,420 7,180 5,720

6,450 7,280 5,660

6,500 7,430 5,630

6,560 7,570 5,610

6,730 7,600 5,900

2.6 0.4 5.2

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

3,130 2,980 3,170

3,080 3,120 3,070

3,080 3,430 2,950

3,160 3,600 3,000

3,410 4,000 3,200

7.9 11.1 6.7

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

2,180 2,530 1,790

2,380 2,790 1,760

2,540 3,000 1,840

2,630 3,100 1,900

2,710 3,200 1,950

3.0 3.2 2.6

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

2,120 2,000 2,150

2,260 2,150 2,300

2,380 2,270 2,420

2,500 2,400 2,530

2,620 2,550 2,650

4.8 6.3 4.7

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

2,180 2,440 2,090

2,470 2,760 2,330

2,570 2,930 2,390

2,620 3,030 2,420

2,680 3,150 2,460

2.3 4.0 1.7

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

1,280 (D) 1,270

1,390 (D) 1,370

1,500 (D) 1,480

1,590 (D) 1,580

1,640 (D) 1,620

3.1 (X) 2.5

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

1,590 1,660 1,580

1,520 1,700 1,490

1,680 1,880 1,650

1,840 2,050 1,800

1,890 2,050 1,860

2.7 3.3

See footnote(s) at end of table.

12

--continued

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Irrigated and Non-Irrigated Cropland, Average Value per Acre – State: 2012-2016 (continued) [Only States with significant irrigated acreage appear in this table] Region, State, and land type

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

7,960 7,960

8,290 8,290

8,320 8,320

8,320 8,320

8,300 8,300

-0.2 -0.2

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

1,450 3,400 960

1,770 4,100 1,200

1,840 4,450 1,200

1,910 4,650 1,230

1,910 4,600 1,250

-1.1 1.6

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

2,580 4,040 1,210

2,850 4,240 1,310

3,040 4,600 1,320

3,200 4,830 1,400

3,300 5,000 1,420

3.1 3.5 1.4

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

852 2,690 680

890 2,780 710

987 2,950 800

997 2,960 810

1,010 2,980 820

1.3 0.7 1.2

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

(D) (D)

(D) (D)

2,670 2,670

2,670 2,670

(D) (D)

(X) (X)

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

1,550 4,450 430

1,450 3,910 400

1,450 3,930 390

1,440 3,920 390

1,450 3,930 390

0.7 0.3 -

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

2,690 5,000 1,030

3,230 5,200 1,100

3,260 5,250 1,120

3,300 5,300 1,140

3,340 5,350 1,170

1.2 0.9 2.6

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

1,360 2,170 (D)

1,360 2,140 (D)

1,370 2,190 780

1,370 2,190 770

1,370 2,200 770

0.5 -

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

9,400 11,500 3,390

9,860 11,800 3,400

10,140 12,100 3,650

10,690 12,700 4,000

10,910 12,900 4,300

2.1 1.6 7.5

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

2,340 3,920 1,770

2,400 3,940 1,830

2,500 4,140 1,900

2,600 4,360 1,950

2,730 4,650 2,020

5.0 6.7 3.6

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

2,190 6,190 1,130

2,420 7,240 1,170

2,560 7,670 1,230

2,630 7,850 1,280

2,760 8,250 1,330

4.9 5.1 3.9

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

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

13

Pasture Average Value per Acre – Region, State, and United States: 2012-2016 Region and State

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

Northeast ........................................ Maryland 1 ................................... New Jersey ................................. New York .................................... Pennsylvania ............................... Other States 2 .............................

3,240 (D) 13,600 1,250 2,650 5,760

3,370 (D) 13,500 1,240 2,770 5,840

3,460 6,000 13,500 1,330 2,900 5,790

3,480 6,000 13,500 1,430 2,850 5,840

3,390 6,100 12,500 1,400 2,700 5,850

-2.6 1.7 -7.4 -2.1 -5.3 0.2

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

1,740 2,290 1,390 2,010

1,870 2,420 1,580 2,000

1,950 2,500 1,600 2,150

2,060 2,680 1,700 2,250

2,050 2,600 1,650 2,300

-0.5 -3.0 -2.9 2.2

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

2,130 2,870 2,450 2,800 1,700 2,970

2,290 3,370 2,500 3,220 1,790 3,010

2,360 3,400 2,550 3,400 1,850 3,100

2,440 3,550 2,600 3,400 1,950 3,140

2,420 3,400 2,600 3,400 1,930 3,100

-0.8 -4.2 -1.0 -1.3

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

648 938 617 458 561

754 1,150 643 578 667

954 1,300 900 750 860

1,020 1,390 870 850 980

1,020 1,290 910 830 1,020

-7.2 4.6 -2.4 4.1

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

3,110 2,330 4,330 3,410 3,920 1,980

3,210 2,560 4,530 3,380 3,930 1,990

3,280 2,700 4,760 3,400 3,930 2,000

3,340 2,750 4,700 3,500 4,000 2,020

3,320 2,730 4,700 3,540 3,930 2,020

-0.6 -0.7 1.1 -1.8 -

See footnote(s) at end of table.

14

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Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Pasture, Average Value per Acre – Region, State, and United States: 2012-2016 (continued) Region and State

2012

2013

2014

2015

2016

Change 2015-2016

(dollars)

(dollars)

(dollars)

(dollars)

(dollars)

(percent)

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

3,700 1,850 4,820 3,910 2,960

3,770 2,000 4,850 3,850 2,820

3,790 2,100 4,910 3,650 2,900

3,790 2,140 4,900 3,580 2,940

3,900 2,180 5,100 3,530 2,940

2.9 1.9 4.1 -1.4 -

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

2,130 2,110 2,300 2,030

2,190 2,160 2,400 2,070

2,270 2,240 2,500 2,110

2,320 2,290 2,590 2,140

2,410 2,450 2,600 2,190

3.9 7.0 0.4 2.3

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

1,390 1,060 1,460

1,410 1,210 1,450

1,540 1,360 1,580

1,570 1,430 1,600

1,580 1,470 1,600

0.6 2.8 -

Mountain .......................................... Arizona 3 ...................................... Colorado ...................................... Idaho ........................................... Montana ...................................... Nevada 3 ...................................... New Mexico 3 ............................... Utah 3 .......................................... Wyoming .....................................

550 (D) 640 1,220 570 (D) 330 920 480

594 (D) 680 1,220 580 (D) 320 950 470

611 (D) 760 1,220 640 (D) 360 1,050 490

614 (D) 760 1,250 650 (D) 340 1,050 510

617 (D) 760 1,300 650 (D) 350 1,040 510

0.5 (X) 4.0 (X) 2.9 -1.0 -

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

1,590 2,680 600 800

1,590 2,650 620 800

1,610 2,700 630 810

1,630 2,700 660 820

1,640 2,700 680 840

0.6 3.0 2.4

United States 4 .................................

1,110

1,170

1,300

1,330

1,330

-

- Represents zero. (D) Withheld to avoid disclosing data for individual operations. (X) Not applicable. 1 Induded in Other States prior to 2014 2 Includes: Connecticut, Delaware, Maine, Maryland (prior to 2014), Massachusetts, New Hampshire, Rhode Island, and Vermont. 3 Excludes American Indian Reservation land. 4 Excludes Alaska and Hawaii.

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

15

Value of Farmland and Buildings – Region, State, and United States: 2011-2015 [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

2011

2012

2013

2014

2015

Change 2014-2015

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(percent)

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

4,872 4,151 2,912 14,015 5,777 2,098 9,216 17,395 38,380 1,008 3,695

4,928 4,157 3,002 13,723 5,408 2,087 8,856 19,027 40,810 966 3,825

4,884 4,085 3,150 14,207 5,408 2,026 9,216 18,720 41,811 966 4,000

4,928 4,090 3,016 14,007 5,408 2,012 9,216 19,386 43,232 959 4,075

4,972 4,090 3,031 14,140 5,408 2,012 9,360 21,600 42,350 966 4,125

0.9 0.5 0.9 1.6 11.4 -2.0 0.7 1.2

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

36,000 82,476 56,648

38,706 97,240 60,006

42,785 111,370 59,860

46,765 123,025 63,800

48,755 121,730 67,680

4.3 -1.1 6.1

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

145,530 74,529 165,546 68,970 57,408

167,049 85,848 199,818 76,693 64,960

190,990 94,080 235,620 80,940 71,400

202,288 102,165 259,250 87,730 77,700

201,750 105,105 244,000 94,805 80,500

-0.3 2.9 -5.9 8.1 3.6

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

57,164 83,536 36,735 47,197

69,611 109,626 45,588 57,589

80,675 126,840 60,915 73,177

94,300 141,024 71,526 89,631

93,380 137,860 75,264 100,456

-1.0 -2.2 5.2 12.1

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

36,300 36,022 37,908 35,670 9,288

36,920 36,415 38,368 35,358 9,169

39,260 36,456 38,913 35,773 9,180

40,950 37,884 39,240 35,424 9,216

42,250 37,350 39,785 34,992 9,360

3.2 -1.4 1.4 -1.2 1.6

See footnote(s) at end of table.

16

--continued

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Value of Farmland and Buildings – Region, State, and United States: 2011-2015 (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

2011

2012

2013

2014

2015

Change 2014-2015

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(million dollars)

(percent)

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

20,826 48,479 35,017 14,900

21,271 49,278 31,296 14,960

22,500 49,660 31,350 14,811

23,140 49,875 31,020 15,050

23,144 51,030 30,411 15,050

2.3 -2.0 -

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

33,428 17,270 23,980

36,156 18,960 24,525

37,260 20,018 24,743

39,330 20,826 25,506

42,090 21,700 26,136

7.0 4.2 2.5

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

43,344 219,605

47,128 220,038

49,880 218,568

54,194 240,500

58,140 252,200

7.3 4.9

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

13,796 34,760 23,896 43,097 4,838 18,814 12,773 16,800

17,960 37,323 25,252 45,448 5,071 20,641 12,773 17,936

18,506 40,576 26,196 47,163 5,113 19,929 13,439 18,120

23,922 42,930 27,848 51,342 5,566 20,663 15,528 19,152

24,125 45,648 29,146 53,133 5,817 20,310 15,669 20,064

0.8 6.3 4.7 3.5 4.5 -1.7 0.9 4.8

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

170,752 30,780 30,076

176,128 31,948 33,222

175,950 32,505 34,040

186,150 33,620 36,750

196,350 34,768 39,690

5.5 3.4 8.0

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

2,027,677

2,223,067

2,397,034

2,595,159

2,651,697

2.2

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

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

17

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.

18

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Statistical Methodology Survey Procedures: The estimates of land values in this report are based primarily on the June Area Survey, conducted during the first two weeks of June. This annual survey uses a complete, probability-based land-area sampling frame. A sample of approximately 11,000 segments of land is selected, each approximately one square mile in size. Enumerators collecting data for the June Area Survey contact all agricultural producers operating land within the boundaries of the sampled land segments and record land value information for cropland and pasture within these segments. They also collect an estimated value of all land and buildings for the operator’s entire farming operation and the estimated percent change from the previous year. Survey reported data are reviewed for reasonableness and consistency by comparing with other data reported in the survey and with data reported within the segment the previous year. Estimating Procedures: Once the data are summarized, each Regional Field Office (RFO) conducts an analysis of the summarized indications and any other available information for their States. RFOs then set estimates for land values and submit these recommendations along with their assessment of survey and other administrative information to the Agricultural Statistics Board (ASB). Survey data are also summarized for Regional and National levels and reviewed independently of each State’s review. National targets are established by the ASB. After RFO recommendations are submitted, the ASB reviews the RFO estimates and supporting comments and any conflicts with targeted National levels are resolved. The Regional and United States estimates are weighted by the amount of cropland and pasture in each state, based on the most recent Census of Agriculture. For the purposes of this report, cropland pastured is defined as cropland. Published Estimates: State averages are not published for States with limited reports to ensure confidentiality of individual operations. Revision Policy: For non-census years land values are subject to an annual revision the following year. After the 5-year Census of Agriculture is completed, land value estimates for the non-census years are subject to a final historic revision. The basis for revision must be supported by additional data that directly affect the level of the estimate.

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

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Terms and Definitions Farm: Any establishment from which $1,000 or more of agricultural products were sold or would normally be sold during the year. Government payments are included in sales. Farm real estate value: The value at which all land and buildings used for agriculture production including dwellings, could be sold under current market conditions, if allowed to remain on the market for a reasonable amount of time. Cropland value: The value of land used to grow field crops, vegetables or land harvested for hay. Land that switches back and forth between cropland and pasture should be valued as cropland. Hay land, idle cropland and cropland enrolled in government conservation programs should be valued as cropland. Irrigated cropland value: The value of land that normally receives or has the potential to receive water by artificial means to supplement natural rainfall. Irrigated cropland may consist of both land that will or will not be irrigated during the current year, but still has the facilities and equipment to do so. Irrigation facilities and equipment such as wells, pumps, canals, ditches, reservoirs, lakes, tanks, ponds, rivers, streams or creeks are usually present or on nearby acres. Non-irrigated cropland value: The value of land that only receives water by natural rainfall. Pasture, grazing and grassland value: The value of land that is normally grazed by livestock. Pasture does not need to have livestock grazing on it at the time of interview or during the current year in order to be valued as pasture or grazing land.

20

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

Information Contacts Listed below are the commodity statisticians in the Environmental, Economics, and Demographics Branch of the National Agricultural Statistics Service to contact for additional information. E-mail inquiries may be sent to [email protected]. Troy Joshua, Chief, Environmental, Economics, and Demographics Branch ................................................. (202) 720-6146 Tony Dorn, Head, Economics Section ............................................................................................................. (202) 690-3223 Rachel Antzak – Cash Receipts, Land Values .......................................................................................... (202) 720-5446 Daryl Brinkman – Prices Received, Prices Received Indexes, Parity Prices ............................................ (202) 720-8844 Courtney Charles – Prices Paid, Prices Paid Indexes ................................................................................ (202) 690-3229 Kuan Chen – Prices, Prices Research ........................................................................................................ (202) 690-3347 Liana Cuffman – Farm Expenditures Processing ...................................................................................... (202) 720-2250 Greg Gholson – Prices Paid, Prices Paid Indexes ..................................................................................... (202) 690-1348 Stephen Habets – Production Expenditures............................................................................................... (202) 720-9168 Joe Hagedorn – Cash Rents, Grazing Fees ................................................................................................ (202) 690-3231 Ben Johnson –Economics and Demographics Processing......................................................................... (202) 690-3225 Michael Mathison – Farm Expenditures ................................................................................................... (202) 720-3243

Scott Shimmin, Head, Environmental and Demographics Section .................................................................. (202) 720-0684 Stephanie Brennan – Field Crops Chemical Use ...................................................................................... (202) 690-0392 Natasha Bruton – Current Agricultural Industrial Reports ........................................................................ (202) 720-7644 Ryan Cowen – Farms, Land in Farms, Census.......................................................................................... (202) 690-3233 Doug Farmer – Vegetable Chemical Use .................................................................................................. (202) 720-7492 Virginia Harris – Census of Agriculture.................................................................................................... (502) 582-5293 Megan Lipke – Census of Agriculture ...................................................................................................... (202) 720-5581 Miste Salmon – Current Agricultural Industrial Reports .......................................................................... (202) 690-3226 Dominique Sims – Census of Agriculture ................................................................................................. (202) 690-4752 Theresa Varner – Farm Labor, Chemical Use ........................................................................................... (202) 690-2284

Land Values 2016 Summary (August 2016) USDA, National Agricultural Statistics Service

21

Released August 5, 2016, 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. 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: [email protected].

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 http://www.ascr.usda.gov/complaint_filing_cust.html, 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 [email protected].