{"id":12497,"date":"2023-10-16T16:51:31","date_gmt":"2023-10-16T21:51:31","guid":{"rendered":"https:\/\/agrilife.org\/texasaglaw\/?p=12497"},"modified":"2026-04-17T15:11:36","modified_gmt":"2026-04-17T20:11:36","slug":"2023-usda-land-values-summary","status":"publish","type":"post","link":"https:\/\/agrilife.org\/texasaglaw\/2023\/10\/16\/2023-usda-land-values-summary\/","title":{"rendered":"2023 USDA Land Values Summary"},"content":{"rendered":"<p>Earlier this fall, the USDA released its annual Land Values Summary for 2023.\u00a0 [View report <a href=\"https:\/\/downloads.usda.library.cornell.edu\/usda-esmis\/files\/pn89d6567\/9w033j15z\/2v23xb225\/land0823.pdf\">here<\/a>.]<\/p>\n<p>Not surprisingly, the report indicates increasing values nationwide over the past year.\u00a0 \u00a0For \u201cfarm real estate value,\u201d 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.\u00a0 For cropland, the nationwide average value increased 8.1% to $5,460\/acre.\u00a0 For pastureland, the nationwide average value was $1,760\/acre, up 6.7% from last year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-12498\" src=\"https:\/\/agrilife.org\/texasaglaw\/files\/2023\/10\/Chart-Blog.jpg\" alt=\"\" width=\"740\" height=\"428\" srcset=\"https:\/\/agrilife.org\/texasaglaw\/files\/2023\/10\/Chart-Blog.jpg 740w, https:\/\/agrilife.org\/texasaglaw\/files\/2023\/10\/Chart-Blog-300x174.jpg 300w\" sizes=\"auto, (max-width: 740px) 100vw, 740px\" \/><\/p>\n<p>The report also looks at various regional measurements.<\/p>\n<ul>\n<li>Farm real estate average value is the highest in the Corn Belt region (IL, IN, IA, MO, OH) at $8,100\/acre.\u00a0 The highest state value is found in Rhode Island at $18,300\/acre.\u00a0 The lowest regional average was $1,450 for the Mountain region (AZ, CO, ID, MT, NV, NM, UT, WY).\u00a0 The lowest state value is New Mexico at $610.\u00a0 By way of comparison, Texas and Oklahoma make up the Southern Plains region, which has an average of $2,800.<\/li>\n<li>For cropland values, New Jersey reports the highest at $18,100\/acre, while regionally the Pacific region shows the highest values at an average of $8,800\/acre.\u00a0 Mountain region reported the lowest cropland average value at $2,410\/acre with the Southern Plains region slightly higher at $2,480.<\/li>\n<li>Pasture average value per acre was highest in New Jersey at $16,600 and regionally highest in the Southeast (AL, FL, GA, SC) at $5,050 and lowest in the Mountain region at $808.\u00a0 For the Southern Plains region, pastureland value came in at an average of $2,150.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Looking specifically at Texas:<\/p>\n<ul>\n<li>Farm real estate average value: $2,900\/acre, a 9.4% increase from 2022.<\/li>\n<li>Cropland average value: $2,590\/acre.\u00a0 This is up 7% from a year ago.\u00a0 This includes an irrigated average of $3,050 and non-irrigated average of $2,520.<\/li>\n<li>Pastureland average value:\u00a0 $2,200\/acre, up 7.3%.<\/li>\n<\/ul>\n<p>To view the entire report and see complete information for each state and region,\u00a0<a href=\"https:\/\/downloads.usda.library.cornell.edu\/usda-esmis\/files\/pn89d6567\/9w033j15z\/2v23xb225\/land0823.pdf\">click here<\/a>.<\/p>\n<p>For additional information regarding land values in Texas, be sure you check out the Texas Chapter of the American Society of Farm Managers and Rural Appraisers report titled Texas Rural Land Value Trends <a href=\"https:\/\/agrilife.org\/texasaglaw\/2023\/05\/08\/2022-texas-rural-land-value-trends-published\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this fall, the USDA released its annual Land Values Summary for 2023.\u00a0 [View report here.] Not surprisingly, the report indicates increasing values nationwide over the past year.\u00a0 \u00a0For \u201cfarm real estate value,\u201d 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.\u00a0 For cropland, the nationwide average value increased 8.1% to $5,460\/acre.\u00a0 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&#8230; <span class=\"read-more\"><a href=\"https:\/\/agrilife.org\/texasaglaw\/2023\/10\/16\/2023-usda-land-values-summary\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2444,"featured_media":12498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[66],"tags":[],"class_list":["post-12497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-land-values"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2023 USDA Land Values Summary - Texas Agriculture Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/agrilife.org\/texasaglaw\/2023\/10\/16\/2023-usda-land-values-summary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2023 USDA Land Values Summary - Texas Agriculture Law\" \/>\n<meta property=\"og:description\" content=\"Earlier this fall, the USDA released its annual Land Values Summary for 2023.\u00a0 [View report here.] Not surprisingly, the report indicates increasing values nationwide over the past year.\u00a0 \u00a0For \u201cfarm real estate value,\u201d 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.\u00a0 For cropland, the nationwide average value increased 8.1% to $5,460\/acre.\u00a0 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... 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