U.S. Cropland Values Up Nearly 8% in 2021

For 2021, USDA reports the value of the nation’s cropland is $4,420. That’s up $320, or nearly 8%, from 2020. This year’s figure marks a record high in cropland values. See the full USDA report.

This year’s figure marks a record high in cropland values. Until 2021, the value of U.S. cropland had hovered between around $4,000 since 2014.

The Top 10 U.S. Cropland Values in 2021

(value per acre)

1. California: $13,860
2. New Jersey: $13,800
3. Delaware: $8,600
4. Illinois: $7,900
5. Iowa: $7,810
6. Arizona: $7,700
7. Pennsylvania: $7,600
8. Maryland: $7,380
9. Florida: $7,300
10. Indiana and Ohio: $6,800

The United States pasture value averaged $1,480 per acre, an increase of $80 per acre (5.7%) from 2020.

Overall farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,380 per acre for 2021. That’s up $220 per acre, or 7%, from 2020.

See the full USDA report.

Read More
Cropland Rental Rates Inch Higher According to New NASS Data

Once, Twice, Sold! 80 Acres in Iowa Sold for $22,600 Per Acre, Sets New State Record

Grain Belt Farmland Values Jump 7.5% in 6 Months