Highlights

Average U.S. agricultural land values and cropland rental rates increased substantially in 2022. Based on USDA surveys conducted in early June, U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre (12.4%) from 2021. The value of cropland averaged $5,050 per acre, an increase of $630 per acre (14.3%) from the previous year. Pasture value averaged $1,650 per acre, an increase of $170 per acre (11.5%) from 2021.

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