{"id":4253,"date":"2016-08-22T01:43:46","date_gmt":"2016-08-22T06:43:46","guid":{"rendered":"http:\/\/agrilife.org\/texasaglaw\/?p=4253"},"modified":"2026-04-17T15:27:20","modified_gmt":"2026-04-17T20:27:20","slug":"2016-land-values-summary-released","status":"publish","type":"post","link":"https:\/\/agrilife.org\/texasaglaw\/2016\/08\/22\/2016-land-values-summary-released\/","title":{"rendered":"2016 Land Values Summary Released"},"content":{"rendered":"<p>In addition to the Cash Rent Report that we discussed last week, the USDA also published its yearly Land Values Summary earlier this month. \u00a0This survey looks at land prices and values nationwide. \u00a0To view the full report, <a href=\"https:\/\/usda.mannlib.cornell.edu\/usda\/current\/AgriLandVa\/AgriLandVa-08-05-2016.pdf\">click here<\/a>.<\/p>\n<p style=\"text-align: center;\"><strong>Farm Real Estate Value<\/strong><\/p>\n<p>First up is the farm real estate value, which looks at the value of all land and buildings on farms. \u00a0A farm is defined as &#8220;any establishment from which $1,000 or more of agricultural products were sold or would normally be sold during the year.&#8221; \u00a0Nationwide, this measure fell $10\/acre (about .3) percent from last year, landing at $3,010 per acre. \u00a0Not surprisingly, the highest farm real estate values were found in the mid-west, deemed the Corn Belt Region in the USDA report, at $6,290\/acre. \u00a0In Texas, the farm real estate value actually increased about 1%, settling at $1,960\/acre.<\/p>\n<p style=\"text-align: center;\"><strong>Average Cropland Value<\/strong><\/p>\n<p>Across the country, the average cropland value decreased 1% from $4,130\/acre in 2015 to $4,090\/acre this year. \u00a0In Texas, however, values increased by about 2.7%, resulting in an average of $1,890\/acre.<\/p>\n<p>The report also broke cropland values down into irrigated versus non-irrigated. \u00a0In Texas, the value of irrigated cropland in 2016 was $2,050 per acre (no change from 2015) and for non-irrigated cropland, $1,860\/acre (up 3.3% from last year).<\/p>\n<p style=\"text-align: center;\"><strong>Average Pasture Value<\/strong><\/p>\n<p>Average pastureland value nationwide remained constant at $1,330\/acre. \u00a0Following that trend, Texas values remained steady at $1,600\/acre.<\/p>\n<p style=\"text-align: center;\"><strong>Summary<\/strong><\/p>\n<p>Although land value was generally down across the nation, in Texas, values actually increased over the last year. \u00a0My friend Terry Griffin at Kansas State University prepared this chart to illustrate changes in Texas land values over the past two decades.<\/p>\n<p><a href=\"https:\/\/agrilife.org\/texasaglaw\/files\/2016\/08\/Texas.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4254\" src=\"https:\/\/agrilife.org\/texasaglaw\/files\/2016\/08\/Texas.png\" alt=\"Texas\" width=\"496\" height=\"405\" srcset=\"https:\/\/agrilife.org\/texasaglaw\/files\/2016\/08\/Texas.png 496w, https:\/\/agrilife.org\/texasaglaw\/files\/2016\/08\/Texas-300x245.png 300w\" sizes=\"auto, (max-width: 496px) 100vw, 496px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In addition to the Cash Rent Report that we discussed last week, the USDA also published its yearly Land Values Summary earlier this month. \u00a0This survey looks at land prices and values nationwide. \u00a0To view the full report, click here. Farm Real Estate Value First up is the farm real estate value, which looks at the value of all land and buildings on farms. \u00a0A farm is defined as &#8220;any establishment from which $1,000 or more of agricultural products were sold or would normally be sold during the&#8230; <span class=\"read-more\"><a href=\"https:\/\/agrilife.org\/texasaglaw\/2016\/08\/22\/2016-land-values-summary-released\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2444,"featured_media":4254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2016 Land Values Summary Released - 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\/2016\/08\/22\/2016-land-values-summary-released\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2016 Land Values Summary Released - Texas Agriculture Law\" \/>\n<meta property=\"og:description\" content=\"In addition to the Cash Rent Report that we discussed last week, the USDA also published its yearly Land Values Summary earlier this month. \u00a0This survey looks at land prices and values nationwide. \u00a0To view the full report, click here. Farm Real Estate Value First up is the farm real estate value, which looks at the value of all land and buildings on farms. \u00a0A farm is defined as &#8220;any establishment from which $1,000 or more of agricultural products were sold or would normally be sold during the... 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