Home » INFOCUS: 2022 cropland values, rental rates higher

INFOCUS: 2022 cropland values, rental rates higher

August 16, 2022

What’s the value of cropland in your state? Progressive Dairy provides its annual look at state cropland values, ranked by value per acre, as well as cropland rent per acre and annual rent as a percentage of average value.

Highlights

Average U.S. agricultural land values and cropland rental rates increased substantially in 2022. Based on USDA surveys conducted in early June, U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre (12.4%) from 2021. The value of cropland averaged $5,050 per acre, an increase of $630 per acre (14.3%) from the previous year. Pasture value averaged $1,650 per acre, an increase of $170 per acre (11.5%) from 2021.

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KEYWORDS land values rent

TOPICS Progressive Dairy

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