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

Farmland Prices Rising 081121

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. 

2021 cropland values


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

2021 cropland values

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. 

2021 farmland values

2021 farmland values

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

Tags

Farm Business - General Market Trends
 

Latest News

Pro Farmer Analysis
Wheat Outlook 5-30-90 Days (4.26.24))
Wheat Outlook 5-30-90 Days (4.26.24))

Recap of the week's price action, advice and outlook broken down into the next 5, 30 and 90 day segments.

Pro Farmer Editors
Market Analysis
Grains Close Higher for the Week: Does the Market Need to Rally and Add More Risk Premium or Not?
Grains Close Higher for the Week: Does the Market Need to Rally and Add More Risk Premium or Not?

Grains end mixed Friday but higher for the week led by wheat.  Cattle make new highs for the move helped by stronger cash.  Can the markets continue to move higher?  Darren Frye, Water Street Solutions, has the answers.

Michelle Rook
Beef
APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

Greg Henderson
Taxes and Finance
A Margin Squeeze is Setting in Across Row-Crop Farms, and 80% of Ag Economists Are Now Concerned It'll Accelerate Consolidation
A Margin Squeeze is Setting in Across Row-Crop Farms, and 80% of Ag Economists Are Now Concerned It'll Accelerate Consolidation

There's an immense amount of pressure riding on this year’s crop production picture, and with a margin squeeze setting in across farms, economists think it could accelerate consolidation in the row-crop industry. 

Tyne Morgan
Farmland
How Do Wind, Solar, Renewable Energy Effect Land Values?
How Do Wind, Solar, Renewable Energy Effect Land Values?

“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.

Margy Eckelkamp
Market Analysis
Wheat Continues to Rally, While Row Crops Prices Ease: Markets Watching Weather
Wheat Continues to Rally, While Row Crops Prices Ease: Markets Watching Weather

Wheat continues to rally while row crops ease, all watching weather says Allison Thompson of The Money Farm. Cattle build on Thursday's reversal on better cash news.

Michelle Rook
View More