Category Archives: Land Values

Land Values 2024 Summary Published

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In August, the USDA released its annual Land Values Summary for 2024.  [View report here.]  This report looks at the average value for agricultural real estate across the country. As has been true for several years, the most recent report indicates increasing values nationwide over the past year.   For “farm real estate value,” which takes into account the value of all land and buildings on farms, the US average value was $4,170/acre, up 5% from 2023.  For cropland, the nationwide average value increased 4.7% to $5,570/acre.  For pastureland,… Read More →

2023 Rural Land Value Trends Report Is Here!

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Each year, the Texas Chapter of the American Society of Farm Managers and Rural Appraisers publishes a Rural Land Value Trends report.  This is one of the best documents available for those interested in the sales value and lease value of rural lands in Texas.  It is also the only publication of which I am aware that provides information on the value of hunting leases. The 2023 report was just released in April 2024.  Click here to download. This report breaks Texas into seven regions and then each… Read More →

2023 USDA Land Values Summary

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Earlier this fall, the USDA released its annual Land Values Summary for 2023.  [View report here.] Not surprisingly, the report indicates increasing values nationwide over the past year.   For “farm real estate value,” which takes into account the value of all land and buildings on farms, the US average value was $4,080, up 7.4% from 2022.  For cropland, the nationwide average value increased 8.1% to $5,460/acre.  For pastureland, the nationwide average value was $1,760/acre, up 6.7% from last year. The report also looks at various regional measurements. Farm… Read More →

2022 Texas Rural Land Value Trends Published

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Each year, the Texas Chapter of the American Society of Farm Managers and Rural Appraisers publishes a Rural Land Value Trends report.  This is one of the best documents available for those interested in the sales value and lease value of rural lands in Texas.  It is also the only publication of which I am aware that provides information on the value of hunting leases. The 2022 report was just released in April 2023.  Click here to download. This report breaks Texas into seven regions and then each… Read More →

USDA-NASS Releases 2022 Cash Rent Report

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Each year, the USDA National Agricultural Statistics Service conducts a nationwide survey to gather data and compile a report showing average cash rental rates across the United States.  Please note that all reported cash rent amounts are listed in a per acre/per year format. To view the database with the data for each state, click here.  To view the database with data for each county in the US, click here.  To view the report for Texas, broken down by region and county, click here. Here’s how things broke… Read More →

2022 USDA Land Values Summary

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As  happens every August, the USDA released its Land Values Summary Report for 2022. [View Report here.] Not surprisingly, the report indicates increasing values nationwide over the past year.   For “farm real estate value,” which takes into account the value of all land and buildings on farms, the US average value was $3,800, a 12% increase from last year.  For cropland, the nationwide average value increased 14% to $5,050/acre.  For pastureland, the nationwide average value was $1,650/acre, up 11.5% from last year. The report also looks at various… Read More →

2021 Texas Rural Land Value Trends

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Each year, the Texas Chapter of the American Society of Farm Managers and Rural Appraisers publishes a Rural Land Value Trends report.  They just released their 2021 edition.  Click here to download. This report breaks Texas into seven regions and then each region is broken into smaller sub-regions.  The report then offers information regarding land prices and leasing rates for various types of property from irrigated cropland to rangeland to CRP land.  Additionally, this is the only publication I am aware of that publishes average hunting lease rates… Read More →

2020 Texas Rural Land Value Trends Report Released

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One of the most useful resources for rural Texas landowners is the annual Rural Land Value Trends Report published by the Texas Chapter of the American Society of Farm Managers and Rural Appraisers.  The 2020 Report was recently released. This report breaks Texas into seven regions and then each region is broken into smaller sub-regions.  The report then offers information regarding land prices and leasing rates for various types of property from irrigated cropland to rangeland to CRP land.  Additionally, this is the only publication I am aware… Read More →

2020 USDA Land Values Summary Report

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In August, the USDA released its Land Values Summary Report for 2020. [View Report here.] The report indicates that nationwide, land values were stable, showing no change from the 2019 report.  For “farm real estate value,” which takes into account the value of all land and buildings on farms, the average value was $3,160.  For cropland, the average value was $4,100/acre.  For pastureland, the average value was $1,400/acre. The report also looks at various regional measurements. Farm real estate average value is the highest in the Corn Belt… Read More →

2020 USDA NASS Cash Rental Rate Survey Results Published

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The USDA National Agricultural Statistics Service recently published their 2020 Cash Rental Rate Survey results.  This report provides average cash rental rates by state and by county for irrigated cropland, non-irrigated cropland, and pastureland. Keep in mind these numbers are merely averages based on survey responses provided to USDA.  The lease rate for a particular property will depend on a number of factors such as the quality and quantity of grass, health of the soil, the existence of and quality of fences, access to water, brush situation, average… Read More →