The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $2,900/acre for 2013, up 9.4% from revised 2012 values. Regional changes in the average value of farm real estate ranged from a 23.1% increase in the Northern Plains region to no change in the Southeast region. The highest farm real estate values were in the Corn Belt region at $6,400/acre. The Mountain region had the lowest farm real estate value at $1,020/acre.
The United States cropland value increased by $460/acre (13.0%) to $4,000/acre. In the Northern Plains and Corn Belt regions, the average cropland value increased 25.0% and 16.1%, respectively, from the previous year. However, in the Southeast region, cropland values decreased by 2.8%.
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The United States pasture value increased to $1,200/acre, or 4.3% above 2012. The Southeast region had the largest percentage decrease in pasture value, 1.5% below 2012. The Northern Plains had the highest increase at 18.4%.
Graphs and data courtesy of USDA NASS. Read the full report from USDA.
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