Each year, the Texas Chapter of the American Society of Farm Managers & Rural Appraisers publishes the Texas Rural Land Value Trends report.  This document provides helpful, interesting information for Texas landowners on both average property value and lease rates for agricultural land across the state. The state wide average price per acre increased, up to $2,779/acre.  This is up 5.1% from a year ago.  The publication divides the state into seven regions, within which are multiple sub regions.  Land is broken down into different categories applicable to the… Read More →

The USDA recently released their 2018 Land Values Summary, which reports average agricultural land values across the United States.  To view the report, click here. The report looks at the value of agricultural land across the country.  The broadest measure is the “farm real estate value,” which measures the value of all land and buildings on farms.  For 2018, the average farm real estate value of the United States was $3,140/acre, up $60/acre from last year.  For Texas, the average was $2,280/acre, a 9.1% increase from last year. … Read More →

The most recent Texas Rural Land Value Trends Report (2017) has been released by the Texas Chapter of the American Society of Farm Managers and Rural Appraisers. For a copy of the 2017 Report, click here. This is an extremely useful resource for Texas landowners. According to the Report, state-wide average land values were up to $2,644/acre, the strongest growth since 2014.  In order to assist landowners in analyzing their land values, the Report breaks the state into 7 regions (and even further by sub-region) and discusses land values, average… Read More →

The USDA National Agricultural Statistics Service released its annual report on agricultural land values across the United States.  To view the full report, click here.  This report is generated based on survey results mailed in from landowners across the United States. Definitions A few key definitions are important to keep in mind.  First, a “farm” is any establishment where at least $1,000 in agricultural products were or normally would be sold during the year.  So, clearly, this is an extremely broad definition.  Second, “farm real estate value” is the… Read More →