United States 

Department of 

Agriculture 

National 

Agricultural 

Statistics 

Service 

 

Statistical 

Bulletin 

Number 1017

 

Agricultural Land Values 

and Cash Rents

Final Estimates 2004-2008 

February 2009 

 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 1 NASS, USDA 

Contents 

Page 

Agricultural Land Values 

 Farm Real Estate: Average Value per Acre, by Region and State, January 1, 2004-2008............................................. 2 

 Cropland: Average Value per Acre, by Region and State, January 1, 2004-2008 ......................................................... 3 

 Irrigated and Non-Irrigated Cropland: Average Value per Acre, by State, 

 January 1, 2004-2008 .................................................................................................................................................. 4 

 Pasture: Average Value per Acre, by Region and State, January 1, 2004-2008 ............................................................ 6 

 Farm Real Estate: Value of Farmland and Buildings by Region and State, January 1, 2004-2008 ............................... 7 

Agricultural Cash Rents 

 Cropland Rented for Cash: Average Cash Rent per Acre, by Region and State, 

 2004-2008 ................................................................................................................................................................... 8 

 Pasture Rented for Cash: Average Cash Rent per Acre, by Region and State, 

 2004-2008 ................................................................................................................................................................. 10 

 Economic Regions ....................................................................................................................................................... 11 

 Historic Land Values Estimating and Revision Procedures.......................................................................................... 12 

 Statistical Bulletin ......................................................................................................................................................... 13 

 Contacts......................................................................................................................................................................... 14 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 2 NASS, USDA 

Farm Real Estate: Average Value per Acre, by Region 

and State, January 1, 2004-2008 

Region and State 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Northeast:

 CT 

 DE 

 ME 

 MD 

 MA 

 NH 

 NJ 

 NY 

 PA 

 RI 

 VT 

Lake States:

 MI 

 MN 

 WI 

Corn Belt:

 IL 

 IN 

 IA 

 MO 

 OH 

Northern Plains:

 KS 

 NE 

 ND 

 SD 

Appalachian:

 KY 

 NC 

 TN 

 VA 

 WV 

Southeast:

 AL 

 FL 

 GA 

 SC 

Delta States:

 AR 

 LA 

 MS 

Southern Plains:

 OK 

 TX 

Mountain:

 AZ 1

 CO 

 ID 

 MT 

 NV 1

 NM 1

 UT 1

 WY 

Pacific:

 CA 

 OR 

 WA 

48 States 2

3,550

10,400 

6,100 

1,870 

5,600 

9,920 

3,400 

10,800 

1,770 

3,540 

10,900 

2,150 

2,200

2,900 

1,790 

2,470 

2,280

2,560 

2,750 

2,200 

1,560 

2,910 

623

700 

810 

460 

490 

2,520

1,980 

3,250 

2,470 

3,100 

1,500 

2,350

1,850 

2,920 

2,330 

2,140 

1,560

1,640 

1,550 

1,460 

821

750 

840 

540

1,600 

760 

1,320 

400 

490 

260 

1,080 

320 

2,480

3,800 

1,260 

1,520 

1,340

4,100

11,200 

8,500 

1,990 

7,500 

10,500 

3,780 

12,500 

1,900 

3,980 

12,800 

2,320 

2,470

3,070 

2,060 

2,790 

2,650

3,210 

3,000 

2,640 

1,750 

3,140 

714

810 

910 

510 

590 

3,000

2,450 

3,820 

2,790 

3,800 

1,900 

3,220

2,050 

4,790 

3,140 

2,370 

1,740

1,850 

1,700 

1,640 

979

900 

1,000 

659

2,330 

900 

1,650 

480 

620 

330 

1,250 

340 

3,100

5,050 

1,380 

1,630 

1,610

4,550

12,100 

10,400 

2,110 

8,400 

11,700 

4,240 

14,400 

2,020 

4,380 

15,300 

2,480 

2,760

3,370 

2,340 

3,100 

2,920

3,590 

3,250 

2,910 

1,910 

3,420 

799

870 

1,030 

580 

680 

3,280

2,670 

4,060 

2,970 

4,430 

2,000 

3,580

2,100 

5,230 

3,800 

2,550 

1,870

2,000 

1,780 

1,770 

1,140

970 

1,190 

852

3,050 

1,020 

2,200 

720 

830 

410 

1,510 

400 

3,280

5,360 

1,470 

1,720 

1,830

4,920

12,700 

10,700 

2,230 

8,500 

11,900 

4,800 

15,700 

2,180 

4,970 

16,400 

2,740 

3,180

3,760 

2,700 

3,640 

3,290

4,020 

3,640 

3,370 

2,170 

3,700 

896

980 

1,140 

650 

770 

3,520

2,740 

4,330 

3,250 

4,900 

2,300 

3,890

2,200 

5,500 

4,350 

2,820 

2,080

2,240 

1,950 

1,970 

1,320

1,080 

1,380 

964

3,200 

1,130 

2,480 

830 

980 

460 

1,730 

490 

3,660

5,960 

1,720 

1,850 

2,010

4,980

12,700 

10,300 

2,200 

8,000 

12,300 

4,900 

15,300 

2,350 

5,120 

16,800 

2,900 

3,410

3,900 

2,970 

3,850 

3,700

4,550 

4,100 

3,950 

2,300 

4,020 

1,020

1,020 

1,330 

770 

920 

3,650

2,850 

4,450 

3,450 

5,000 

2,500 

3,940

2,300 

5,640 

4,300 

2,950 

2,220

2,420 

2,050 

2,080 

1,470

1,150 

1,550 

1,030

3,500 

1,150 

2,500 

900 

1,000 

500 

1,850 

560 

3,970

6,440 

1,900 

2,020 

2,170

1

 Excludes American Indian Reservation Land. 2

 Excludes Alaska and Hawaii. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 3 NASS, USDA 

Cropland: Average Value per Acre, by Region 

and State, January 1, 2004-2008 

Region and State 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Northeast:

 DE 

 MD 

 NJ 

 NY 

 PA 

 Oth Sts 1

Lake States:

 MI 

 MN 

 WI 

Corn Belt:

 IL 

 IN 

 IA 

 MO 

 OH 

Northern Plains:

 KS 

 NE 

 ND 

 SD 

Appalachian:

 KY 

 NC 

 TN 

 VA 

 WV 

Southeast:

 AL 

 FL 

 GA 

 SC 

Delta States:

 AR 

 LA 

 MS 

Southern Plains:

 OK 

 TX 

Mountain:

 AZ 2

 CO 

 ID 

 MT 

 NV 2

 NM 2

 UT 2

 WY 

Pacific:

 CA 

 OR 

 WA 

48 States 3

3,760

5,800 

5,500 

11,300 

1,460 

3,600 

6,270 

2,010

2,520 

1,680 

2,320 

2,400

2,650 

2,730 

2,310 

1,660 

2,920 

774

688 

1,260 

490 

736 

2,610

2,210 

3,100 

2,390 

3,200 

2,200 

2,350

1,750 

3,400 

2,240 

1,840 

1,260

1,280 

1,280 

1,200 

887

695 

960 

1,030

6,400 

891 

1,500 

503 

1,900 

1,010 

2,040 

690 

3,310

5,500 

1,590 

1,470 

1,750

4,320

8,100 

7,200 

13,000 

1,520 

4,030 

6,770 

2,230

2,680 

1,920 

2,540 

2,790

3,250 

2,980 

2,760 

1,830 

3,190 

890

806 

1,420 

550 

876 

2,940

2,450 

3,350 

2,590 

3,850 

3,200 

3,330

2,050 

6,260 

2,700 

2,020 

1,420

1,440 

1,450 

1,370 

979

845 

1,030 

1,230

9,000 

1,000 

1,810 

588 

2,180 

1,140 

2,170 

812 

4,380

7,730 

1,760 

1,560 

2,060

4,970

10,000 

8,200 

14,900 

1,800 

4,680 

7,370 

2,480

2,900 

2,130 

2,900 

3,090

3,640 

3,250 

3,100 

2,010 

3,470 

985

854 

1,560 

610 

1,040 

3,290

2,810 

3,450 

2,820 

4,800 

3,300 

3,790

2,300 

6,540 

3,620 

2,110 

1,540

1,550 

1,530 

1,530 

1,110

889 

1,190 

1,520

10,500 

1,170 

2,450 

756 

2,670 

1,370 

2,620 

970 

4,690

8,290 

1,950 

1,620 

2,300

5,350

10,200 

8,400 

16,000 

1,900 

5,330 

7,690 

2,830

3,280 

2,420 

3,370 

3,530

4,150 

3,640 

3,600 

2,330 

3,820 

1,090

914 

1,760 

670 

1,180 

3,570

2,930 

3,720 

3,200 

5,250 

3,600 

4,180

2,450 

6,860 

4,290 

2,430 

1,690

1,680 

1,690 

1,710 

1,250

979 

1,360 

1,640

10,800 

1,270 

2,770 

784 

2,720 

1,570 

2,940 

1,154 

5,420

9,700 

2,280 

1,700 

2,530

5,590

9,800 

7,800 

15,600 

2,150 

6,000 

7,930 

3,080

3,480 

2,700 

3,600 

4,030

4,850 

4,140 

4,260 

2,500 

4,140 

1,280

1,020 

2,050 

810 

1,400 

3,730

3,100 

3,850 

3,400 

5,350 

3,800 

4,380

2,650 

6,980 

4,540 

2,610 

1,800

1,770 

1,830 

1,810 

1,390

1,110 

1,500 

1,670

11,500 

1,310 

2,800 

811 

2,740 

1,630 

2,700 

1,180 

5,570

9,880 

2,380 

1,830 

2,760

1

 Includes: CT, ME, MA, NH, RI, and VT. 

2

 Excludes American Indian Reservation Land. 3

 Excludes Alaska and Hawaii. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 4 NASS, USDA 

Irrigated and Non-Irrigated Cropland: Average Value per Acre, 

by State, January 1, 2004-2008 1 2

Region, State 

and Land Type 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Corn Belt:

 MO All Cropland 

 Irrigated 

 Non-Irrigated 

Northern Plains:

 KS All Cropland 

 Irrigated 

 Non-Irrigated 

 NE All Cropland 

 Irrigated 

 Non-Irrigated 

 SD All Cropland 

 Irrigated 

 Non-Irrigated 

Southeast:

 FL All Cropland 

 Irrigated 

 Non-Irrigated 

 GA All Cropland 

 Irrigated 

 Non-Irrigated 

Delta States:

 AR All Cropland 

 Irrigated 

 Non-Irrigated 

 LA All Cropland 

 Irrigated 

 Non-Irrigated 

 MS All Cropland 

 Irrigated 

 Non-Irrigated 

Southern Plains:

 OK All Cropland 

 Irrigated 

 Non-Irrigated 

 TX All Cropland 

 Irrigated 

 Non-Irrigated 

Mountain:

 AZ All Cropland 

 Irrigated 

 CO All Cropland 

 Irrigated 

 Non-Irrigated 

1,660 

2,220 

1,630 

688 

1,080 

650 

1,260 

1,720 

1,030 

736 

1,060 

730 

3,400 

4,140 

2,690 

2,240 

2,080 

2,280 

1,280 

1,450 

1,150 

1,280 

1,130 

1,310 

1,200 

1,260 

1,180 

695 

850 

690 

960 

1,030 

950 

6,400 

6,400 

891 

2,050 

570 

1,830 

2,410 

1,800 

806 

1,180 

770 

1,420 

1,870 

1,190 

876 

1,200 

870 

6,260 

7,140 

5,410 

2,700 

2,700 

2,700 

1,440 

1,620 

1,300 

1,450 

1,300 

1,490 

1,370 

1,420 

1,360 

845 

990 

840 

1,030 

1,110 

1,020 

9,000 

9,000 

1,000 

2,380 

620 

2,010 

2,650 

1,970 

854 

1,200 

820 

1,560 

2,030 

1,330 

1,040 

1,400 

1,030 

6,540 

7,330 

5,780 

3,620 

3,500 

3,650 

1,550 

1,700 

1,430 

1,530 

1,320 

1,580 

1,530 

1,480 

1,540 

889 

1,160 

880 

1,190 

1,290 

1,180 

10,500 

10,500 

1,170 

2,700 

740 

2,330 

2,800 

2,300 

914 

1,260 

880 

1,760 

2,230 

1,520 

1,180 

1,600 

1,170 

6,860 

7,580 

6,160 

4,290 

3,550 

4,450 

1,680 

1,850 

1,540 

1,690 

1,470 

1,740 

1,710 

1,740 

1,700 

979 

1,250 

970 

1,360 

1,520 

1,340 

10,800 

10,800 

1,270 

2,900 

820 

2,500 

2,980 

2,470 

1,020 

1,450 

980 

2,050 

2,650 

1,750 

1,400 

1,830 

1,390 

6,980 

7,790 

6,300 

4,540 

3,600 

4,750 

1,770 

1,920 

1,650 

1,830 

1,560 

1,890 

1,810 

1,980 

1,770 

1,110 

1,400 

1,100 

1,500 

1,680 

1,480 

11,500 

11,500 

1,310 

3,100 

890 

 --continued
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 5 NASS, USDA 

Irrigated and Non-Irrigated Cropland: Average Value per Acre, 

by State, 2004-2008 1 2

 (continued) 

Region, State 

and Land Type 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

 ID All Cropland 

 Irrigated 

 Non-Irrigated 

 MT All Cropland 

 Irrigated 

 Non-Irrigated 

 NV All Cropland 

 Irrigated 

 NM All Cropland 

 Irrigated 

 Non-Irrigated 

 UT All Cropland 

 Irrigated 

 Non-Irrigated 

 WY All Cropland 

 Irrigated 

 Non-Irrigated 

Pacific:

 CA All Cropland 

 Irrigated 

 Non-Irrigated 

 OR All Cropland 

 Irrigated 

 Non-Irrigated 

 WA All Cropland 

 Irrigated 

 Non-Irrigated 

1,500 

2,250 

780 

503 

1,620 

390 

1,900 

1,900 

1,010 

2,900 

260 

2,040 

3,600 

790 

690 

1,250 

330 

5,500 

6,590 

2,130 

1,590 

2,380 

1,260 

1,470 

3,280 

980 

1,810 

2,800 

850 

588 

1,860 

460 

2,180 

2,180 

1,140 

3,240 

320 

2,170 

3,760 

900 

812 

1,500 

370 

7,730 

9,350 

2,690 

1,760 

2,640 

1,390 

1,560 

3,500 

1,040 

2,450 

3,900 

1,050 

756 

2,500 

580 

2,670 

2,670 

1,370 

4,000 

340 

2,620 

4,570 

1,060 

970 

1,700 

500 

8,290 

10,000 

2,980 

1,950 

3,000 

1,520 

1,620 

3,660 

1,070 

2,770 

4,350 

1,230 

784 

3,000 

560 

2,720 

2,720 

1,570 

4,630 

360 

2,940 

5,220 

1,120 

1,154 

1,860 

700 

9,700 

11,700 

3,480 

2,280 

3,500 

1,770 

1,700 

3,900 

1,110 

2,800 

4,500 

1,360 

811 

3,300 

580 

2,740 

2,740 

1,630 

5,360 

410 

2,700 

5,260 

1,150 

1,180 

2,090 

750 

9,880 

12,300 

3,570 

2,380 

3,740 

1,900 

1,830 

4,200 

1,210 

1

 Only States with significant irrigated acreage appear in this table. 

2

 See page 11 for definition of Regions. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 6 NASS, USDA 

Pasture: Average Value per Acre, by Region 

and State, January 1, 2004-2008 

Region and State 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Northeast:

 MD 

 NJ 

 NY 

 PA 

 Oth Sts 1 2

Lake States:

 MI 

 MN 

 WI 

Corn Belt:

 IL 

 IN 

 IA 

 MO 

 OH 

Northern Plains:

 KS 

 NE 

 ND 

 SD 

Appalachian:

 KY 

 NC 

 TN 

 VA 

 WV 

Southeast:

 AL 

 FL 

 GA 

 SC 

Delta States:

 AR 

 LA 

 MS 

Southern Plains:

 OK 

 TX 

Mountain:

 AZ 3

 CO 

 ID 

 MT 

 NV 3

 NM 3

 UT 3

 WY 

Pacific:

 CA 

 OR 

 WA 

48 States 4

2,470

5,400 

12,200 

770 

1,940 

4,350 

1,020

1,800 

700 

1,200 

1,190

1,090 

1,780 

880 

1,120 

2,100 

280

420 

270 

190 

240 

2,160

1,500 

3,150 

2,400 

2,700 

1,250 

2,070

1,350 

2,120 

2,920 

2,000 

1,290

1,300 

1,320 

1,250 

614

480 

640 

291

500 

460 

700 

280 

250 

160 

520 

230 

1,040

1,600 

470 

540 

630

2,770

7,000 

13,500 

820 

2,070 

4,740 

1,240

1,900 

920 

1,450 

1,410

1,660 

1,890 

1,070 

1,310 

2,210 

333

500 

310 

220 

300 

2,810

1,940 

3,880 

3,150 

3,600 

1,600 

3,870

1,650 

4,570 

5,500 

2,270 

1,580

1,570 

1,600 

1,570 

807

640 

840 

372

650 

590 

900 

340 

330 

230 

820 

260 

1,210

1,900 

520 

580 

740

3,060

7,700 

15,500 

880 

2,270 

5,290 

1,470

2,070 

1,120 

1,740 

1,630

1,940 

2,000 

1,400 

1,500 

2,360 

390

590 

350 

260 

360 

3,210

2,230 

4,400 

3,400 

4,440 

1,800 

4,300

1,650 

4,810 

7,100 

2,500 

1,740

1,740 

1,690 

1,780 

986

760 

1,030 

522

750 

740 

1,450 

630 

570 

250 

900 

320 

1,350

2,150 

560 

600 

960

3,420

16,800 

980 

2,900 

6,360 

1,720

2,450 

1,330 

2,000 

1,910

2,350 

2,230 

1,780 

1,730 

2,720 

440

660 

400 

300 

400 

3,500

2,500 

4,800 

3,680 

4,800 

1,900 

4,770

1,750 

5,360 

7,850 

2,920 

2,060

2,080 

1,980 

2,110 

1,170

900 

1,220 

590

900 

730 

1,620 

740 

640 

280 

900 

410 

1,720

2,800 

660 

680 

1,030

3,480

16,500 

1,100 

3,100 

6,370 

1,840

2,630 

1,480 

2,130 

2,090

2,550 

2,510 

2,070 

1,800 

3,200 

516

750 

480 

350 

470 

3,620

2,570 

4,870 

3,880 

4,830 

1,950 

5,040

1,800 

5,930 

7,450 

3,000 

2,160

2,200 

2,060 

2,200 

1,340

1,000 

1,400 

617

950 

710 

1,610 

760 

650 

310 

940 

480 

1,900

3,020 

740 

770 

1,090

1

 Includes: CT, DE, ME, MA, NH, RI, and VT. 

2

 Includes: CT, DE, ME, MD, MA, NH, RI, and VT in 2007 and 2008. 

3

 Excludes American Indian Reservation Land. 4

 Excludes Alaska and Hawaii. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 7 NASS, USDA 

Farm Real Estate: Value of Farmland and Buildings, by Region 

and State, January 1, 2004-2008 1

Total value of land and buildings Region and State 

2004 2005 2006 2007 2008 

Million Dollars Million Dollars Million Dollars Million Dollars Million Dollars 

Northeast:

 CT 

 DE 

 ME 

 MD 

 MA 

 NH 

 NJ 

 NY 

 PA 

 RI 

 VT 

Lake States:

 MI 

 MN 

 WI 

Corn Belt:

 IL 

 IN 

 IA 

 MO 

 OH 

Northern Plains:

 KS 

 NE 

 ND 

 SD 

Appalachian:

 KY 

 NC 

 TN 

 VA 

 WV 

Southeast:

 AL 

 FL 

 GA 

 SC 

Delta States:

 AR 

 LA 

 MS 

Southern Plains:

 OK 

 TX 

Mountain:

 AZ 2

 CO 

 ID 

 MT 

 NV 2

 NM 2

 UT 2

 WY 

Pacific:

 CA 

 OR 

 WA 

48 States 3

3,952 

3,233 

2,562 

11,536 

5,158 

1,530 

8,532 

13,257 

27,258 

763 

2,688 

29,290 

49,046 

38,285 

69,632 

40,975 

69,080 

46,332 

42,195 

32,760 

37,098 

18,124 

21,462 

27,522 

29,250 

28,405 

26,040 

5,400 

16,465 

28,704 

25,164 

10,422 

23,288 

12,400 

16,133 

25,725 

109,200 

10,846 

23,636 

15,444 

24,160 

2,556 

11,592 

8,514 

10,560 

100,320 

21,420 

22,952 

1,210,866

4,368 

4,420 

2,706 

15,450 

5,460 

1,739 

9,500 

13,965 

31,044 

896 

2,900 

31,007 

56,032 

42,966 

86,670 

44,700 

82,368 

51,625 

44,588 

38,200 

41,587 

20,094 

25,783 

34,300 

33,616 

31,248 

31,540 

6,840 

18,040 

45,840 

33,598 

11,542 

26,270 

13,600 

18,122 

31,050 

129,800 

13,709 

27,990 

19,305 

29,088 

3,198 

13,942 

9,607 

10,982 

130,795 

23,046 

24,450 

1,429,586

4,840 

5,304 

2,849 

17,304 

6,084 

1,950 

10,656 

14,685 

34,164 

1,071 

3,100 

34,037 

63,180 

47,430 

96,571 

48,425 

89,919 

55,963 

48,222 

41,282 

47,071 

22,852 

29,716 

37,380 

35,728 

32,967 

36,326 

7,200 

18,690 

49,476 

41,800 

12,470 

28,000 

14,240 

19,470 

33,756 

154,343 

16,311 

31,926 

25,520 

43,776 

4,150 

16,684 

11,293 

12,640 

137,752 

24,402 

25,800 

1,598,775

5,207 

5,457 

3,011 

17,510 

6,188 

2,256 

11,461 

15,696 

38,766 

1,148 

3,370 

37,600 

72,630 

55,328 

107,736 

53,872 

103,796 

62,930 

51,800 

45,374 

51,984 

25,740 

33,649 

38,360 

37,238 

35,750 

39,690 

8,510 

19,800 

51,150 

44,805 

13,818 

31,136 

15,795 

21,670 

37,908 

179,952 

16,926 

35,482 

28,520 

50,547 

4,777 

18,505 

12,479 

14,798 

151,384 

28,208 

27,565 

1,777,282

5,080 

5,150 

2,970 

16,400 

6,273 

2,303 

11,169 

16,685 

39,680 

1,176 

3,538 

39,000 

79,893 

58,520 

121,485 

60,680 

121,660 

66,930 

55,878 

47,124 

60,648 

30,492 

40,204 

39,900 

38,270 

37,605 

40,000 

9,250 

20,585 

52,170 

44,720 

14,455 

33,154 

16,503 

22,880 

40,365 

202,120 

18,156 

35,995 

28,500 

54,720 

4,871 

19,829 

13,291 

16,856 

163,576 

31,160 

29,896 

1,921,765

1

 Total value of land and buildings is derived by multiplying average value per acre of farm real estate by the land in farms. 2

 Value of all land and buildings adjusted to include American Indian reservation land value. 3

 Excludes Alaska and Hawaii. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 8 NASS, USDA 

Cropland Rented for Cash: Average Cash Rent per Acre, 

by Region and State, 2004-2008 1 2

Region, State 

and Land Type 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Northeast:

 DE 

 MD 

 NJ 

 NY 

 PA 

Lake States:

 MI 

 MN 

 WI 

Corn Belt:

 IL 

 IN 

 IA 

 MO 

 Non-Irrigated 

 OH 

Northern Plains:

 KS 

 Irrigated 

 Non-irrigated 

 NE 

 Irrigated 

 Non-Irrigated 

 ND 

 SD 

 Non-Irrigated 

Appalachian:

 KY 

 NC 

 TN 

 VA 

 WV 

Southeast:

 AL 

 FL 

 Non-Irrigated 

 GA 

 Irrigated 

 Non-Irrigated 

 SC 

Delta States:

 AR 

 Irrigated 

 Non-Irrigated 

 LA 

 Irrigated 

 Non-Irrigated 

 MS 

 Irrigated 

 Non-Irrigated 

44.50 

61.00 

59.00 

47.50 

40.00 

43.00 

76.20 

62.00 

83.50 

70.00 

114.00 

126.00 

107.00 

126.00 

76.00 

80.00 

50.00 

41.00 

72.00 

37.50 

95.00 

125.00 

70.00 

37.50 

47.50 

55.00 

72.00 

53.00 

67.00 

39.00 

30.00 

44.50 

33.00 

34.00 

58.00 

110.00 

42.00 

28.50 

68.50 

75.00 

86.00 

59.00 

66.00 

76.00 

62.00 

66.00 

85.00 

58.00 

46.00 

64.00 

62.00 

47.50 

41.00 

45.00 

78.00 

62.00 

86.50 

70.00 

117.00 

129.00 

109.00 

131.00 

79.00 

82.00 

53.00 

42.00 

73.00 

38.50 

97.00 

127.00 

72.00 

39.00 

50.40 

58.00 

73.00 

53.00 

67.00 

40.00 

28.00 

48.00 

40.00 

37.00 

58.00 

115.00 

41.00 

29.00 

70.50 

76.00 

86.00 

58.00 

66.00 

70.00 

62.00 

69.00 

93.00 

60.00 

47.00 

65.00 

62.00 

47.50 

39.00 

46.50 

80.00 

65.00 

88.00 

71.00 

119.00 

132.00 

111.00 

133.00 

79.00 

86.00 

53.50 

44.00 

74.00 

39.00 

101.00 

131.00 

76.00 

39.00 

53.00 

56.00 

78.00 

52.00 

67.00 

40.00 

30.00 

48.00 

39.00 

39.00 

60.00 

116.00 

43.00 

29.00 

69.50 

76.00 

86.00 

56.00 

72.00 

81.00 

66.00 

68.00 

90.00 

62.00 

50.00 

72.00 

66.00 

50.50 

39.50 

55.00 

84.00 

73.00 

94.00 

72.00 

124.00 

141.00 

120.00 

150.00 

79.00 

91.00 

59.50 

45.00 

82.00 

41.00 

103.00 

139.00 

79.00 

41.00 

56.50 

64.50 

82.00 

54.50 

67.00 

45.00 

30.00 

64.00 

43.00 

40.00 

60.00 

116.00 

44.00 

29.50 

72.00 

74.00 

90.00 

56.00 

69.00 

82.00 

66.00 

71.50 

92.00 

65.00 

51.50 

72.00 

66.50 

52.50 

41.50 

55.00 

97.00 

78.00 

109.00 

85.00 

139.00 

163.00 

135.00 

170.00 

80.00 

100.00 

66.00 

47.50 

92.00 

42.50 

121.00 

158.00 

97.00 

42.50 

64.00 

63.50 

78.50 

57.50 

68.50 

40.50 

28.00 

66.00 

43.00 

40.00 

65.00 

125.00 

48.00 

32.50 

78.00 

79.50 

97.00 

60.00 

73.00 

97.00 

67.00 

80.50 

103.00 

73.00 

 --continued
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 9 NASS, USDA 

Cropland Rented for Cash: Average Cash Rent per Acre, 

by Region and State, 2004-2008 1 2

 (continued) 

Region, State 

and Land Type 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Southern Plains:

 OK 

 Non-Irrigated 

 TX 

 Irrigated 

 Non-Irrigated 

Mountain:

 AZ 

 Irrigated 

 CO 

 Irrigated 

 Non-Irrigated 

 ID 

 Irrigated 

 Non-Irrigated 

 MT 

 Irrigated 

 Non-Irrigated 

 UT 

 Irrigated 

Pacific:

 CA 

 Irrigated 

 OR 

 Irrigated 

 Non-Irrigated 

 WA 

 Irrigated 

48 States

30.50 

30.00 

29.80 

56.00 

23.70 

62.50 

150.00 

58.00 

91.00 

22.00 

99.00 

118.00 

53.00 

24.50 

49.00 

18.90 

61.00 

180.00 

300.00 

100.00 

125.00 

65.00 

185.00 

76.50 

30.50 

29.00 

29.70 

57.50 

23.00 

62.00 

165.00 

61.00 

100.00 

23.00 

104.00 

124.00 

55.00 

25.00 

53.00 

19.50 

65.00 

185.00 

330.00 

100.00 

130.00 

70.00 

190.00 

78.00 

29.00 

28.00 

28.00 

62.00 

23.00 

65.00 

180.00 

61.00 

100.00 

23.00 

108.00 

128.00 

58.00 

28.00 

68.00 

20.00 

60.00 

192.00 

320.00 

100.00 

135.00 

70.00 

200.00 

79.50 

28.50 

27.00 

29.00 

65.00 

23.00 

43.00 

170.00 

37.50 

100.00 

22.00 

93.00 

130.00 

58.00 

23.00 

19.50 

62.00 

175.00 

340.00 

97.00 

165.00 

72.00 

210.00 

77.50 

31.00 

28.00 

31.50 

80.00 

24.00 

45.50 

180.00 

41.00 

110.00 

24.00 

98.50 

145.00 

55.00 

24.50 

20.50 

65.00 

187.00 

360.00 

107.00 

195.00 

75.00 

250.00 

85.50 

1

 Unless otherwise specified as irrigated or non-irrigated, data are for all cropland. 2

 See page 11 for definition of Regions. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 10 NASS, USDA 

Pasture Rented for Cash: Average Cash Rent per Acre, 

by Region and State, 2004-2008 1

Region and State 2004 2005 2006 2007 2008 

Dollars Dollars Dollars Dollars Dollars 

Northeast:

 PA 

Lake States:

 MN 

 WI 

Corn Belt:

 IL 

 IA 

 MO 

Northern Plains:

 KS 

 NE 

 ND 

 SD 

Appalachian:

 NC 

 TN 

 VA 

Southeast:

 AL 

 FL 

 GA 

Delta States:

 LA 

 MS 

Southern Plains:

 OK 

 TX 

Mountain:

 CO 

 MT 

 NM 

 UT 

 WY 

Pacific:

 CA 

48 States

24.00 

25.00 

24.50 

19.50 

37.00 

29.00 

34.00 

32.50 

26.00 

11.80 

13.20 

12.00 

10.20 

11.60 

19.10 

23.00 

19.00 

17.50 

19.10 

18.00 

17.50 

24.00 

16.60 

15.50 

16.50 

8.10 

9.00 

7.20 

3.60 

3.70 

5.00 

1.70 

10.00 

4.00 

13.50 

11.50 

9.60 

24.00 

27.00 

26.90 

20.50 

38.00 

30.50 

34.50 

36.00 

27.00 

12.00 

13.40 

12.00 

10.60 

12.30 

21.00 

25.00 

18.00 

20.00 

19.00 

17.50 

18.50 

22.00 

17.00 

16.50 

16.50 

8.40 

9.00 

6.20 

3.80 

4.30 

5.90 

1.80 

9.00 

4.00 

13.50 

12.00 

10.30 

26.00 

25.00 

28.00 

19.00 

38.00 

31.00 

34.00 

38.00 

26.00 

12.50 

13.70 

12.50 

11.30 

12.90 

22.00 

25.00 

19.00 

20.00 

20.00 

18.50 

22.00 

25.00 

17.50 

19.00 

16.00 

8.20 

8.50 

6.10 

4.00 

4.00 

5.00 

2.00 

11.00 

4.50 

14.50 

13.00 

10.80 

26.50 

30.00 

28.00 

19.00 

38.00 

31.00 

35.00 

39.00 

26.00 

14.00 

14.50 

14.00 

12.50 

13.80 

23.50 

27.00 

20.00 

21.00 

23.00 

19.50 

24.00 

25.00 

20.00 

23.00 

18.00 

6.80 

9.50 

6.20 

4.50 

5.50 

6.50 

2.30 

5.30 

4.00 

19.00 

14.00 

10.00 

27.00 

32.00 

29.00 

21.00 

36.00 

32.00 

37.00 

42.00 

26.00 

15.50 

15.50 

15.50 

13.50 

15.90 

23.00 

29.00 

22.00 

21.00 

23.50 

19.50 

25.00 

27.00 

21.50 

27.00 

18.50 

7.20 

10.50 

6.50 

4.50 

5.50 

6.50 

2.70 

4.80 

4.00 

18.50 

15.00 

10.50 

1

 See page 11 for definition of Regions. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 11 NASS, USDA 

Economic Regions: 

Northeast:.................................CT, DE, ME, MD, MA, NH, NJ, NY, PA, RI, VT. 

Lake States:..............................MI, MN, WI. 

Corn Belt:.................................IL, IN, IA, MO, OH. 

Northern Plains: .......................KS, NE, ND, SD. 

Appalachian: ............................KY, NC, TN, VA, WV. 

Southeast:.................................AL, FL, GA, SC. 

Delta States: .............................AR, LA, MS. 

Southern Plains: .......................OK, TX. 

Mountain:.................................AZ, CO, ID, MT, NV, NM, UT, WY. 

Pacific: .....................................CA, OR, WA. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 12 NASS, USDA 

Historic Land Value Estimating and Revision Procedures 

Estimates of agricultural real estate values are published annually using a variety of survey indications and 

administrative data. Annual estimates are originally established using a combination of indications from National 

Agricultural Statistics Service (NASS) surveys and non-NASS administrative data. Within NASS, the June 

Agricultural Survey (JAS) provides dual indications for cropland, pasture, and farm real estate values. These dual 

survey indications include a per acre dollar value and a percent change indication that measures the change in value 

from the previous year. The Agricultural Resource Management Survey (ARMS) provides an additional indication of 

the per acre dollar value of Farm Real Estate. Check data from sources outside of NASS include the Federal Reserve, 

county Farm Service Administration (FSA) offices, and State or University sponsored surveys. The annual estimates 

for the current census year and the 4 previous non-census years are reevaluated and revised, if necessary. 

Estimates are published at the State, Regional, and U.S. level for Farm Real Estate, Cropland, and Pasture. Farm Real 

Estate is defined as all land and buildings (including operator dwelling) used for agricultural production. The value per 

acre for farm real estate applies to an average size farm, with an average set of buildings, and an average mixture of 

crop and pasture land. 

 

Cropland values apply to all land from which crops were harvested or hay cut; land in orchards, vineyards, nurseries, 

and greenhouses; idle land normally used to grow crops, such as CRP and summer fallow; and any land that could have 

been used for growing crops without additional improvements. Pasture values apply to permanent pasture and 

rangeland, but excludes grazed land that may be used to grow crops. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 13 NASS, USDA 

Statistical Bulletin Publication Schedule 

Statistical Bulletins: The National Agricultural Statistics Service will issue a series of twenty-one bulletins containing final 

estimates for agricultural data series based on the review of the 2007 Census of Agriculture and other information. The product 

number, bulletin title, and tentative release dates are as follows. 

SB1009 Citrus Fruits - Final Estimates 2003-2007 12/31/08 

SB1010 Field Crops - Final Estimates 2002-2007 12/31/08 

SB1011 Noncitrus Fruits and Nuts - Final Estimates 2002-2007 12/31/08 

SB1012 Rice Stocks - Final Estimates 2003-2008 12/31/08 

SB1013 Stocks of Grains, Oilseeds, and Hay - Final Estimates 2003-2008 12/31/08 

SB1014 Vegetables - Final Estimates 2003-2007 12/31/08 

SB1015 Potatoes and Sweet Potatoes - Final Estimates 2003-2007 01/30/09 

SB1016 Crop Values - Final Estimates 2002-2007 02/10/09 

SB1017 Agricultural Land Values and Cash Rents - Final Estimates 2004-2008 02/25/09 

SB1018 Farms and Land in Farms - Final Estimates 2003-2007 02/25/09 

SB1019 Cattle - Final Estimates 2004-2008 03/05/09 

SB1020 Hogs and Pigs - Final Estimates 2003-2007 03/05/09 

SB1021 Livestock Operations - Final Estimates 2003-2007 03/05/09 

SB1022 Milk Cows and Production - Final Estimates 2003-2007 03/05/09 

SB1023 Sheep and Goats - Final Estimates 2004-2008 03/05/09 

SB1024 Chickens and Eggs - Final Estimates 2003-2007 03/13/09 

SB1025 Honey - Final Estimates 2003-2007 03/13/09 

SB1026 Meat Animals, PDI - Final Estimates 2003-2007 05/29/09 

SB1027 Milk Disposition and Income - Final Estimates 2003-2007 05/29/09 

SB1028 Poultry Production and Value - Final Estimates 2003-2007 05/29/09 

SB1029 Mink - Final Estimates 2002-2006 07/17/09 

Agricultural Census Publications: The U. S. Department of Agriculture's National Agricultural Statistics Service (NASS) released 

several products from the 2007 Census of Agriculture on February 4, 2009. The Census is the leading source of statistics about the 

Nation’s agricultural production and the only source of consistent, comparable data at the county, State, and national levels. The 

Census includes all places from which $1,000 or more of agricultural products, including government payments, were produced and

sold, or normally would have been sold, during the census year. Census publications also include demographic items such as sex of 

operator, residence on or off the farm, days worked off farm, years present on farm, age group categories, race, and number of 

persons living in each household. 
 

Agricultural Land Values and Cash Rents Final Estimates 2004-2008 Agricultural Statistics Board 

February 2009 14 NASS, USDA 

Information Contacts 

Questions about the data in this report should be directed to the commodity specialists listed below. 

Land Values and Cash Rents 

Kevin Barnes, Chief, Environmental, Economics, and Demographics Branch ..............(202) 720-6146 

Kevin Hintzman, Head, Economics Section ...................................................................(202) 720-6146 

 Scott Shimmin - Land Values .............................................................................(202) 690-3231 

 Kathy King - Cash Rents ....................................................................................(202) 690-2250 
 

 

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