Research & Data

The squeezed middle: US farmland values per state

Our interactive map shows inflation along the coasts and Great Lakes, as well as stagnation in the rest of the Midwest.

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Agricultural real estate values, which account for the value of all land and buildings on farms, average $3,080 per acre in 2017, up 2.3 percent on 2016, according to the latest USDA Land Values report. But regional differences are stark. Pacific estates saw an average 8.7 percent rise over the past 12 months, while values in the Northern Plains region decreased 1.8 percent. These contrasting fortunes are exacerbated at the state level: top performers California (+10.1 percent) and Wisconsin (+9.5 percent) seemed to know little of the deflation affecting South Dakota (-3.1 percent) and Indiana (-2.1 percent).