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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
Great deals from owners and reselers property for sale and real estate in Cyprus Akinia.

 

Cropland

Pasture

 

 

 

 

 

Change

 

 

 

 

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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