The value of cropland and the rates producers pay to rent cropland (cash 

rents) increased in 2022. Individual states experienced increases or decreases 

in cash rental rates. For pastureland, the value and the cash rental rates both 

increased at the national level.

Agricultural Land Values

The average value 

of U.S. cropland 

(irrigated and 

non-irrigated) was 

$5,050 per acre in 

2022, increasing 

14.3% from 2021. 

From 2008 to 2022, 

cropland value 

increased 83%. For 

U.S. pastureland, 

the average value in 

2022 was $1,650 per 

acre, a $170 increase 

over 2021 and a 51% 

increase since 2008. 

(Fig. 1)

At the state level, the 

value of cropland in 

2022 ranged from 

$1,160 per acre in 

Montana to $15,900 

per acre in New 

Jersey. (Fig. 2)

For pasture, the 

average value at the 

state level ranged 

from $480 per acre 

Top States: Cropland Value 

$ per acre

New Jersey 15,900

California 15,410

Iowa 9,350

Delaware 9,200

Illinois 8,950

Maryland 8,750

Arizona 8,350

Pennsylvania 8,300

Florida 7,960

Indiana 7,750

About the Surveys

The national and state agricultural 

land values are from the 2022 June 

Area Survey conducted during June. 

The rental rates (cash rents) paid by 

producers are from the 2022 Cash 

Rents Survey.

Land value data are for the 48 

contiguous states. Cash Rent data 

are for the 48 contiguous states and 

Hawaii.

NASS Highlights October 2022 • No. 2022-7

U.S. cropland value 

increased in 2022 

2022 AGRICULTURAL LAND

Land Values and Cash Rents

United States Department of Agriculture

National Agricultural Statistics Service www.nass.usda.gov

U.S. = 5,050

>8,000

5,701−8,000

3,601−5,700

2,601−3,600

<2,601

Not published

Fig. 1. Value of U.S. Cropland and Pasture, 2008–2022 ($ per acre)

Cropland Pasture

500

1,500

2,500

3,500

4,500

5,500

5,050

2008 2010 2012 2014 2016 2018 2020 2022

1,650

Source: USDA NASS.

Fig. 2. Cropland Value by State, 2022 ($ per acre)

Source: USDA NASS. Data are for the 48 contiguous states.
in New Mexico to $14,400 in New Jersey. The change 

in value ranged from a 2.5% increase in New York to a 

23.3% increase in Kansas.

Farm Real Estate Value

U.S. farm real estate value – the value of all land and 

buildings on farms – averaged $3,800 per acre in 2022, 

an increase of $420 per acre from 2021. At the state level, 

average value in 2022 ranged from $610 per acre in New 

Mexico to $17,500 in Rhode Island. The Northern Plains 

region had the highest increase in farm real estate value 

at 19.8%.

Rent Paid for Agricultural Land

At $148 per acre, the average rate to rent cropland in the 

United States in 2022 was $7 higher than in 2021. The 

average rate per acre for irrigated cropland was $227 (up 

from $217 in 2021) and non-irrigated cropland was $135 

(up from $128 in 2021). For pastureland, the average 

rental per acre at $14 

is up $1 from 2021.

Among states, the 

rental cost per acre 

in 2022 ranged from 

$37.50 in Montana 

and Oklahoma to 

$336 in Arizona for all 

cropland. (Fig. 3)

Fig. 3. Rent Paid for Cropland by State, 2022 ($ per acre)

Source: USDA NASS.

For irrigated cropland, rates ranged from $91 in Wyoming 

to $465 in California; for non-irrigated cropland, rates 

ranged from $16 in New Mexico to $256 in Iowa; and for 

pastureland, $1.50 in Arizona to $59.50 in Iowa. 

USDA is an equal opportunity provider, employer, and lender. 

www.nass.usda.gov

Top States:

Farm Real Estate Value

$ per acre

Rhode Island 17,500

New Jersey 15,400

Massachusetts 15,200

Connecticut 13,700

California 12,000

Delaware 9,800

Maryland 9,700

Iowa 9,400

Illinois 8,900

Indiana 8,000

Access the Data

Find land value data through the Quick Stats 2.0 database:

quickstats.nass.usda.gov

• In Program, select “Survey”

• In Sector, select “Economics”

• In Group, select “Farms & Land & Assets”

• In Commodity, select “Ag Land”

• In Category, select “Asset Value”

• Select your data item, geographic level, and year

Find national, state, and county cash rents data here:

www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/

Cash_Rents_by_County

Top States:

Cropland Cash Rent

$ per acre

Arizona 336

California 331

Hawaii 271

Iowa 256

Illinois 243

Washington 217

Indiana 212

Nebraska 211

Idaho 194

Minnesota 185

Five states have average 

farm real estate values of 

$10,000 per acre or higher.

U.S. = 148

>200

141−200

101-140

60-100

<60

Not published

Not surveyed