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.

 

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