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Farm Real Estate
Average Value per Acre, by Region and State
State |
2003 |
2004 |
2005 |
2006 |
2007 |
Change 06-07 |
|
Dollars |
Dollars |
Dollars |
Dollars |
Dollars |
Percent |
Northeast: |
3,200 |
3,550 |
4,110 |
4,550 |
5,000 |
9.9 |
Lake States: |
2,010 |
2,220 |
2,520 |
2,840 |
3,300 |
16.2 |
Michigan |
2,680 |
2,920 |
3,150 |
3,500 |
3,950 |
12.9 |
Minnesota |
1,600 |
1,800 |
2,100 |
2,400 |
2,780 |
15.8 |
Wisconsin |
2,300 |
2,500 |
2,850 |
3,200 |
3,800 |
18.8 |
Corn Belt: |
2,130 |
2,300 |
2,720 |
*3,050 |
3,450 |
13.1 |
Illinois |
2,430 |
2,610 |
3,330 |
3,800 |
4,330 |
13.9 |
Indiana |
2,570 |
2,770 |
3,140 |
3,630 |
4,000 |
10.2 |
Iowa |
2,010 |
2,200 |
2,650 |
2,930 |
3,400 |
16.0 |
Missouri |
1,470 |
1,580 |
1,790 |
1,980 |
2,280 |
15.2 |
Ohio |
2,740 |
2,930 |
3,180 |
*3,490 |
3,800 |
8.9 |
Northern Plains: |
594 |
632 |
735 |
*840 |
961 |
14.4 |
Appalachian: |
2,370 |
2,560 |
3,110 |
*3,460 |
3,820 |
10.4 |
Southeast: |
2,270 |
2,420 |
3,530 |
4,420 |
4,820 |
9.0 |
Delta States: |
1,460 |
1,580 |
1,790 |
1,950 |
2,180 |
11.8 |
Southern Plains: |
788 |
832 |
1,000 |
1,190 |
1,400 |
17.6 |
Mountain: |
523 |
550 |
698 |
*951 |
1,120 |
17.8 |
Pacific: |
2,350 |
2,480 |
3,120 |
3,290 |
3,670 |
11.6 |
48 States: 2/ |
1,270 |
1,360 |
1,650 |
1,900 |
2,160 |
13.7 |
Average Value Per Acre, Cropland and Pasture
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Cropland |
Pasture |
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Change |
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Change |
State |
2004 |
2005 |
2006 |
2007 |
06-07 |
2004 |
2005 |
2006 |
2007 |
06-07 |
|
Dollars |
Percent |
Dollars |
Percent |
Northeast: |
3,800 |
4,390 |
5,040 |
5,450 |
8.1 |
2,470 |
2,770 |
3,050 |
3,450 |
13.1 |
Lake States: |
2,030 |
2,270 |
2,550 |
2,950 |
15.7 |
1,050 |
1,290 |
*1,530 |
1,800 |
17.6 |
Michigan |
2,550 |
2,750 |
3,000 |
3,450 |
15.0 |
1,800 |
1,950 |
2,150 |
2,570 |
19.5 |
Minnesota |
1,690 |
1,950 |
2,180 |
2,500 |
14.7 |
700 |
940 |
1,150 |
1,380 |
20.0 |
Wisconsin |
2,350 |
2,600 |
3,000 |
3,520 |
17.3 |
1,200 |
1,480 |
*1,800 |
2,100 |
16.7 |
Corn Belt: |
2,450 |
2,880 |
*3,240 |
3,720 |
14.8 |
1,200 |
1,440 |
*1,670 |
2,010 |
20.4 |
Illinois |
2,700 |
3,370 |
*3,850 |
4,460 |
15.8 |
1,110 |
1,720 |
*2,050 |
2,500 |
22.0 |
Indiana |
2,750 |
3,150 |
*3,670 |
4,050 |
10.4 |
1,780 |
1,930 |
2,090 |
2,500 |
19.6 |
Iowa |
2,320 |
2,770 |
*3,110 |
3,650 |
17.4 |
880 |
1,070 |
*1,400 |
1,800 |
28.6 |
Missouri |
1,690 |
1,890 |
*2,090 |
2,450 |
17.2 |
1,130 |
1,340 |
*1,550 |
,1820 |
17.4 |
Ohio |
2,940 |
3,230 |
3,540 |
3,920 |
10.7 |
2,100 |
2,240 |
*2,400 |
2,820 |
17.5 |
Northern Plains: |
783 |
916 |
1,040 |
1,170 |
12.5 |
279 |
343 |
*408 |
469 |
15.0 |
Appalachian: |
2,670 |
3,040 |
*3,470 |
3,830 |
10.4 |
2,200 |
2,910 |
*3,440 |
3,900 |
13.4 |
Southeast: |
2,460 |
3,660 |
4,550 |
5,150 |
13.2 |
2,150 |
4,200 |
*5,750 |
6,500 |
13.0 |
Delta States: |
1,270 |
1,460 |
1,600 |
1,780 |
11.3 |
1,300 |
1,620 |
1,800 |
2,170 |
20.6 |
Southern Plains: |
902 |
1,010 |
*1,160 |
1,330 |
14.7 |
624 |
830 |
1,030 |
1,290 |
25.2 |
Mountain: |
1,200 |
1,420 |
*1,730 |
1,900 |
9.8 |
302 |
395 |
*584 |
689 |
18.0 |
Pacific: |
3,570 |
4,620 |
4,850 |
5,450 |
12.4 |
1,020 |
1,190 |
1,340 |
1,730 |
29.1 |
48 States: |
1,770 |
2,110 |
2,390 |
2,700 |
13.0 |
634 |
820 |
1,000 |
1,160 |
16.0 |
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