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US farm real estate value averaged $3,380 per acre for 2021

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,380 per acre for 2021, up $220 per acre (7.0 percent) from 2020.

The United States cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8 percent) from the previous year. The United States pasture value averaged $1,480 per acre, an increase of $80 per acre (5.7 percent) from 2020.

Farm real estate average value per acre was still highest in California, at $10,900. The mountain region, among them Montana, Nevada and Wyoming, was among the lowest.

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