Highlights
Average U.S. agricultural land values and cropland rental rates increased in 2021, according to the USDA’s annual report. Based on surveys conducted in early June 2021, U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,380 per acre for 2021, up $220 per acre (7%) from 2020. Cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8%) from the previous year. Pasture value averaged $1,480 per acre, an increase of $80 per acre (5.7%) from 2020.
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