Statistical Bulletin Number 1017 Agricultural Land Values and Cash Rents Final Estimates 2004-2008 February 2009 National Agricultural Statistics Service USDA Washington, D.C. 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 Farm Real Estate: Average Value per Acre, by Region and State, January 1, 2004-2008 -------------------------------------------------------------------------------- Region and State : 2004 : 2005 : 2006 : 2007 : 2008 -------------------------------------------------------------------------------- : Dollars : Northeast: : 3,550 4,100 4,550 4,920 4,980 CT : 10,400 11,200 12,100 12,700 12,700 DE : 6,100 8,500 10,400 10,700 10,300 ME : 1,870 1,990 2,110 2,230 2,200 MD : 5,600 7,500 8,400 8,500 8,000 MA : 9,920 10,500 11,700 11,900 12,300 NH : 3,400 3,780 4,240 4,800 4,900 NJ : 10,800 12,500 14,400 15,700 15,300 NY : 1,770 1,900 2,020 2,180 2,350 PA : 3,540 3,980 4,380 4,970 5,120 RI : 10,900 12,800 15,300 16,400 16,800 VT : 2,150 2,320 2,480 2,740 2,900 Lake States: : 2,200 2,470 2,760 3,180 3,410 MI : 2,900 3,070 3,370 3,760 3,900 MN : 1,790 2,060 2,340 2,700 2,970 WI : 2,470 2,790 3,100 3,640 3,850 Corn Belt: : 2,280 2,650 2,920 3,290 3,700 IL : 2,560 3,210 3,590 4,020 4,550 IN : 2,750 3,000 3,250 3,640 4,100 IA : 2,200 2,640 2,910 3,370 3,950 MO : 1,560 1,750 1,910 2,170 2,300 OH : 2,910 3,140 3,420 3,700 4,020 Northern Plains: : 623 714 799 896 1,020 KS : 700 810 870 980 1,020 NE : 810 910 1,030 1,140 1,330 ND : 460 510 580 650 770 SD : 490 590 680 770 920 Appalachian: : 2,520 3,000 3,280 3,520 3,650 KY : 1,980 2,450 2,670 2,740 2,850 NC : 3,250 3,820 4,060 4,330 4,450 TN : 2,470 2,790 2,970 3,250 3,450 VA : 3,100 3,800 4,430 4,900 5,000 WV : 1,500 1,900 2,000 2,300 2,500 Southeast: : 2,350 3,220 3,580 3,890 3,940 AL : 1,850 2,050 2,100 2,200 2,300 FL : 2,920 4,790 5,230 5,500 5,640 GA : 2,330 3,140 3,800 4,350 4,300 SC : 2,140 2,370 2,550 2,820 2,950 Delta States: : 1,560 1,740 1,870 2,080 2,220 AR : 1,640 1,850 2,000 2,240 2,420 LA : 1,550 1,700 1,780 1,950 2,050 MS : 1,460 1,640 1,770 1,970 2,080 Southern Plains: : 821 979 1,140 1,320 1,470 OK : 750 900 970 1,080 1,150 TX : 840 1,000 1,190 1,380 1,550 Mountain: : 540 659 852 964 1,030 AZ 1/ : 1,600 2,330 3,050 3,200 3,500 CO : 760 900 1,020 1,130 1,150 ID : 1,320 1,650 2,200 2,480 2,500 MT : 400 480 720 830 900 NV 1/ : 490 620 830 980 1,000 NM 1/ : 260 330 410 460 500 UT 1/ : 1,080 1,250 1,510 1,730 1,850 WY : 320 340 400 490 560 Pacific: : 2,480 3,100 3,280 3,660 3,970 CA : 3,800 5,050 5,360 5,960 6,440 OR : 1,260 1,380 1,470 1,720 1,900 WA : 1,520 1,630 1,720 1,850 2,020 : 48 States 2/ : 1,340 1,610 1,830 2,010 2,170 -------------------------------------------------------------------------------- 1/ Excludes American Indian Reservation Land. 2/ Excludes Alaska and Hawaii. Cropland: Average Value per Acre, by Region and State, January 1, 2004-2008 -------------------------------------------------------------------------------- Region and State : 2004 : 2005 : 2006 : 2007 : 2008 -------------------------------------------------------------------------------- : Dollars : Northeast: : 3,760 4,320 4,970 5,350 5,590 DE : 5,800 8,100 10,000 10,200 9,800 MD : 5,500 7,200 8,200 8,400 7,800 NJ : 11,300 13,000 14,900 16,000 15,600 NY : 1,460 1,520 1,800 1,900 2,150 PA : 3,600 4,030 4,680 5,330 6,000 Oth Sts 1/ : 6,270 6,770 7,370 7,690 7,930 Lake States: : 2,010 2,230 2,480 2,830 3,080 MI : 2,520 2,680 2,900 3,280 3,480 MN : 1,680 1,920 2,130 2,420 2,700 WI : 2,320 2,540 2,900 3,370 3,600 Corn Belt: : 2,400 2,790 3,090 3,530 4,030 IL : 2,650 3,250 3,640 4,150 4,850 IN : 2,730 2,980 3,250 3,640 4,140 IA : 2,310 2,760 3,100 3,600 4,260 MO : 1,660 1,830 2,010 2,330 2,500 OH : 2,920 3,190 3,470 3,820 4,140 Northern Plains: : 774 890 985 1,090 1,280 KS : 688 806 854 914 1,020 NE : 1,260 1,420 1,560 1,760 2,050 ND : 490 550 610 670 810 SD : 736 876 1,040 1,180 1,400 Appalachian: : 2,610 2,940 3,290 3,570 3,730 KY : 2,210 2,450 2,810 2,930 3,100 NC : 3,100 3,350 3,450 3,720 3,850 TN : 2,390 2,590 2,820 3,200 3,400 VA : 3,200 3,850 4,800 5,250 5,350 WV : 2,200 3,200 3,300 3,600 3,800 Southeast: : 2,350 3,330 3,790 4,180 4,380 AL : 1,750 2,050 2,300 2,450 2,650 FL : 3,400 6,260 6,540 6,860 6,980 GA : 2,240 2,700 3,620 4,290 4,540 SC : 1,840 2,020 2,110 2,430 2,610 Delta States: : 1,260 1,420 1,540 1,690 1,800 AR : 1,280 1,440 1,550 1,680 1,770 LA : 1,280 1,450 1,530 1,690 1,830 MS : 1,200 1,370 1,530 1,710 1,810 Southern Plains: : 887 979 1,110 1,250 1,390 OK : 695 845 889 979 1,110 TX : 960 1,030 1,190 1,360 1,500 Mountain: : 1,030 1,230 1,520 1,640 1,670 AZ 2/ : 6,400 9,000 10,500 10,800 11,500 CO : 891 1,000 1,170 1,270 1,310 ID : 1,500 1,810 2,450 2,770 2,800 MT : 503 588 756 784 811 NV 2/ : 1,900 2,180 2,670 2,720 2,740 NM 2/ : 1,010 1,140 1,370 1,570 1,630 UT 2/ : 2,040 2,170 2,620 2,940 2,700 WY : 690 812 970 1,154 1,180 Pacific: : 3,310 4,380 4,690 5,420 5,570 CA : 5,500 7,730 8,290 9,700 9,880 OR : 1,590 1,760 1,950 2,280 2,380 WA : 1,470 1,560 1,620 1,700 1,830 : 48 States 3/ : 1,750 2,060 2,300 2,530 2,760 -------------------------------------------------------------------------------- 1/ Includes: CT, ME, MA, NH, RI, and VT. 2/ Excludes American Indian Reservation Land. 3/ Excludes Alaska and Hawaii. 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 : Corn Belt: : MO All Cropland : 1,660 1,830 2,010 2,330 2,500 Irrigated : 2,220 2,410 2,650 2,800 2,980 Non-Irrigated : 1,630 1,800 1,970 2,300 2,470 : Northern Plains: : KS All Cropland : 688 806 854 914 1,020 Irrigated : 1,080 1,180 1,200 1,260 1,450 Non-Irrigated : 650 770 820 880 980 : NE All Cropland : 1,260 1,420 1,560 1,760 2,050 Irrigated : 1,720 1,870 2,030 2,230 2,650 Non-Irrigated : 1,030 1,190 1,330 1,520 1,750 : SD All Cropland : 736 876 1,040 1,180 1,400 Irrigated : 1,060 1,200 1,400 1,600 1,830 Non-Irrigated : 730 870 1,030 1,170 1,390 : Southeast: : FL All Cropland : 3,400 6,260 6,540 6,860 6,980 Irrigated : 4,140 7,140 7,330 7,580 7,790 Non-Irrigated : 2,690 5,410 5,780 6,160 6,300 : GA All Cropland : 2,240 2,700 3,620 4,290 4,540 Irrigated : 2,080 2,700 3,500 3,550 3,600 Non-Irrigated : 2,280 2,700 3,650 4,450 4,750 : Delta States: : AR All Cropland : 1,280 1,440 1,550 1,680 1,770 Irrigated : 1,450 1,620 1,700 1,850 1,920 Non-Irrigated : 1,150 1,300 1,430 1,540 1,650 : LA All Cropland : 1,280 1,450 1,530 1,690 1,830 Irrigated : 1,130 1,300 1,320 1,470 1,560 Non-Irrigated : 1,310 1,490 1,580 1,740 1,890 : MS All Cropland : 1,200 1,370 1,530 1,710 1,810 Irrigated : 1,260 1,420 1,480 1,740 1,980 Non-Irrigated : 1,180 1,360 1,540 1,700 1,770 : Southern Plains: : OK All Cropland : 695 845 889 979 1,110 Irrigated : 850 990 1,160 1,250 1,400 Non-Irrigated : 690 840 880 970 1,100 : TX All Cropland : 960 1,030 1,190 1,360 1,500 Irrigated : 1,030 1,110 1,290 1,520 1,680 Non-Irrigated : 950 1,020 1,180 1,340 1,480 : Mountain: : AZ All Cropland : 6,400 9,000 10,500 10,800 11,500 Irrigated : 6,400 9,000 10,500 10,800 11,500 : CO All Cropland : 891 1,000 1,170 1,270 1,310 Irrigated : 2,050 2,380 2,700 2,900 3,100 Non-Irrigated : 570 620 740 820 890 -------------------------------------------------------------------------------- --continued 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 : ID All Cropland : 1,500 1,810 2,450 2,770 2,800 Irrigated : 2,250 2,800 3,900 4,350 4,500 Non-Irrigated : 780 850 1,050 1,230 1,360 : MT All Cropland : 503 588 756 784 811 Irrigated : 1,620 1,860 2,500 3,000 3,300 Non-Irrigated : 390 460 580 560 580 : NV All Cropland : 1,900 2,180 2,670 2,720 2,740 Irrigated : 1,900 2,180 2,670 2,720 2,740 : NM All Cropland : 1,010 1,140 1,370 1,570 1,630 Irrigated : 2,900 3,240 4,000 4,630 5,360 Non-Irrigated : 260 320 340 360 410 : UT All Cropland : 2,040 2,170 2,620 2,940 2,700 Irrigated : 3,600 3,760 4,570 5,220 5,260 Non-Irrigated : 790 900 1,060 1,120 1,150 : WY All Cropland : 690 812 970 1,154 1,180 Irrigated : 1,250 1,500 1,700 1,860 2,090 Non-Irrigated : 330 370 500 700 750 : Pacific: : CA All Cropland : 5,500 7,730 8,290 9,700 9,880 Irrigated : 6,590 9,350 10,000 11,700 12,300 Non-Irrigated : 2,130 2,690 2,980 3,480 3,570 : OR All Cropland : 1,590 1,760 1,950 2,280 2,380 Irrigated : 2,380 2,640 3,000 3,500 3,740 Non-Irrigated : 1,260 1,390 1,520 1,770 1,900 : WA All Cropland : 1,470 1,560 1,620 1,700 1,830 Irrigated : 3,280 3,500 3,660 3,900 4,200 Non-Irrigated : 980 1,040 1,070 1,110 1,210 -------------------------------------------------------------------------------- 1/ Only States with significant irrigated acreage appear in this table. 2/ See page 11 for definition of Regions. Pasture: Average Value per Acre, by Region and State, January 1, 2004-2008 -------------------------------------------------------------------------------- Region and State : 2004 : 2005 : 2006 : 2007 : 2008 -------------------------------------------------------------------------------- : Dollars : Northeast: : 2,470 2,770 3,060 3,420 3,480 MD : 5,400 7,000 7,700 NJ : 12,200 13,500 15,500 16,800 16,500 NY : 770 820 880 980 1,100 PA : 1,940 2,070 2,270 2,900 3,100 Oth Sts 1/ 2/ : 4,350 4,740 5,290 6,360 6,370 Lake States: : 1,020 1,240 1,470 1,720 1,840 MI : 1,800 1,900 2,070 2,450 2,630 MN : 700 920 1,120 1,330 1,480 WI : 1,200 1,450 1,740 2,000 2,130 Corn Belt: : 1,190 1,410 1,630 1,910 2,090 IL : 1,090 1,660 1,940 2,350 2,550 IN : 1,780 1,890 2,000 2,230 2,510 IA : 880 1,070 1,400 1,780 2,070 MO : 1,120 1,310 1,500 1,730 1,800 OH : 2,100 2,210 2,360 2,720 3,200 Northern Plains: : 280 333 390 440 516 KS : 420 500 590 660 750 NE : 270 310 350 400 480 ND : 190 220 260 300 350 SD : 240 300 360 400 470 Appalachian: : 2,160 2,810 3,210 3,500 3,620 KY : 1,500 1,940 2,230 2,500 2,570 NC : 3,150 3,880 4,400 4,800 4,870 TN : 2,400 3,150 3,400 3,680 3,880 VA : 2,700 3,600 4,440 4,800 4,830 WV : 1,250 1,600 1,800 1,900 1,950 Southeast: : 2,070 3,870 4,300 4,770 5,040 AL : 1,350 1,650 1,650 1,750 1,800 FL : 2,120 4,570 4,810 5,360 5,930 GA : 2,920 5,500 7,100 7,850 7,450 SC : 2,000 2,270 2,500 2,920 3,000 Delta States: : 1,290 1,580 1,740 2,060 2,160 AR : 1,300 1,570 1,740 2,080 2,200 LA : 1,320 1,600 1,690 1,980 2,060 MS : 1,250 1,570 1,780 2,110 2,200 Southern Plains: : 614 807 986 1,170 1,340 OK : 480 640 760 900 1,000 TX : 640 840 1,030 1,220 1,400 Mountain: : 291 372 522 590 617 AZ 3/ : 500 650 750 900 950 CO : 460 590 740 730 710 ID : 700 900 1,450 1,620 1,610 MT : 280 340 630 740 760 NV 3/ : 250 330 570 640 650 NM 3/ : 160 230 250 280 310 UT 3/ : 520 820 900 900 940 WY : 230 260 320 410 480 Pacific: : 1,040 1,210 1,350 1,720 1,900 CA : 1,600 1,900 2,150 2,800 3,020 OR : 470 520 560 660 740 WA : 540 580 600 680 770 : 48 States 4/ : 630 740 960 1,030 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. 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 : Northeast: : CT : 3,952 4,368 4,840 5,207 5,080 DE : 3,233 4,420 5,304 5,457 5,150 ME : 2,562 2,706 2,849 3,011 2,970 MD : 11,536 15,450 17,304 17,510 16,400 MA : 5,158 5,460 6,084 6,188 6,273 NH : 1,530 1,739 1,950 2,256 2,303 NJ : 8,532 9,500 10,656 11,461 11,169 NY : 13,257 13,965 14,685 15,696 16,685 PA : 27,258 31,044 34,164 38,766 39,680 RI : 763 896 1,071 1,148 1,176 VT : 2,688 2,900 3,100 3,370 3,538 Lake States: : MI : 29,290 31,007 34,037 37,600 39,000 MN : 49,046 56,032 63,180 72,630 79,893 WI : 38,285 42,966 47,430 55,328 58,520 Corn Belt: : IL : 69,632 86,670 96,571 107,736 121,485 IN : 40,975 44,700 48,425 53,872 60,680 IA : 69,080 82,368 89,919 103,796 121,660 MO : 46,332 51,625 55,963 62,930 66,930 OH : 42,195 44,588 48,222 51,800 55,878 Northern Plains: : KS : 32,760 38,200 41,282 45,374 47,124 NE : 37,098 41,587 47,071 51,984 60,648 ND : 18,124 20,094 22,852 25,740 30,492 SD : 21,462 25,783 29,716 33,649 40,204 Appalachian: : KY : 27,522 34,300 37,380 38,360 39,900 NC : 29,250 33,616 35,728 37,238 38,270 TN : 28,405 31,248 32,967 35,750 37,605 VA : 26,040 31,540 36,326 39,690 40,000 WV : 5,400 6,840 7,200 8,510 9,250 Southeast: : AL : 16,465 18,040 18,690 19,800 20,585 FL : 28,704 45,840 49,476 51,150 52,170 GA : 25,164 33,598 41,800 44,805 44,720 SC : 10,422 11,542 12,470 13,818 14,455 Delta States: : AR : 23,288 26,270 28,000 31,136 33,154 LA : 12,400 13,600 14,240 15,795 16,503 MS : 16,133 18,122 19,470 21,670 22,880 Southern Plains: : OK : 25,725 31,050 33,756 37,908 40,365 TX : 109,200 129,800 154,343 179,952 202,120 Mountain: : AZ 2/ : 10,846 13,709 16,311 16,926 18,156 CO : 23,636 27,990 31,926 35,482 35,995 ID : 15,444 19,305 25,520 28,520 28,500 MT : 24,160 29,088 43,776 50,547 54,720 NV 2/ : 2,556 3,198 4,150 4,777 4,871 NM 2/ : 11,592 13,942 16,684 18,505 19,829 UT 2/ : 8,514 9,607 11,293 12,479 13,291 WY : 10,560 10,982 12,640 14,798 16,856 Pacific: : CA : 100,320 130,795 137,752 151,384 163,576 OR : 21,420 23,046 24,402 28,208 31,160 WA : 22,952 24,450 25,800 27,565 29,896 : 48 States 3/ : 1,210,866 1,429,586 1,598,775 1,777,282 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. 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 : Northeast: : 44.50 46.00 47.00 50.00 51.50 DE : 61.00 64.00 65.00 72.00 72.00 MD : 59.00 62.00 62.00 66.00 66.50 NJ : 47.50 47.50 47.50 50.50 52.50 NY : 40.00 41.00 39.00 39.50 41.50 PA : 43.00 45.00 46.50 55.00 55.00 : Lake States: : 76.20 78.00 80.00 84.00 97.00 MI : 62.00 62.00 65.00 73.00 78.00 MN : 83.50 86.50 88.00 94.00 109.00 WI : 70.00 70.00 71.00 72.00 85.00 : Corn Belt: : 114.00 117.00 119.00 124.00 139.00 IL : 126.00 129.00 132.00 141.00 163.00 IN : 107.00 109.00 111.00 120.00 135.00 IA : 126.00 131.00 133.00 150.00 170.00 MO : Non-Irrigated : 76.00 79.00 79.00 79.00 80.00 OH : 80.00 82.00 86.00 91.00 100.00 : Northern Plains: : 50.00 53.00 53.50 59.50 66.00 KS : 41.00 42.00 44.00 45.00 47.50 Irrigated : 72.00 73.00 74.00 82.00 92.00 Non-irrigated : 37.50 38.50 39.00 41.00 42.50 NE : 95.00 97.00 101.00 103.00 121.00 Irrigated : 125.00 127.00 131.00 139.00 158.00 Non-Irrigated : 70.00 72.00 76.00 79.00 97.00 ND : 37.50 39.00 39.00 41.00 42.50 SD : Non-Irrigated : 47.50 50.40 53.00 56.50 64.00 : Appalachian: : 55.00 58.00 56.00 64.50 63.50 KY : 72.00 73.00 78.00 82.00 78.50 NC : 53.00 53.00 52.00 54.50 57.50 TN : 67.00 67.00 67.00 67.00 68.50 VA : 39.00 40.00 40.00 45.00 40.50 WV : 30.00 28.00 30.00 30.00 28.00 : Southeast: : 44.50 48.00 48.00 64.00 66.00 AL : 33.00 40.00 39.00 43.00 43.00 FL : Non-Irrigated : 34.00 37.00 39.00 40.00 40.00 GA : 58.00 58.00 60.00 60.00 65.00 Irrigated : 110.00 115.00 116.00 116.00 125.00 Non-Irrigated : 42.00 41.00 43.00 44.00 48.00 SC : 28.50 29.00 29.00 29.50 32.50 : Delta States: : 68.50 70.50 69.50 72.00 78.00 AR : 75.00 76.00 76.00 74.00 79.50 Irrigated : 86.00 86.00 86.00 90.00 97.00 Non-Irrigated : 59.00 58.00 56.00 56.00 60.00 LA : 66.00 66.00 72.00 69.00 73.00 Irrigated : 76.00 70.00 81.00 82.00 97.00 Non-Irrigated : 62.00 62.00 66.00 66.00 67.00 MS : 66.00 69.00 68.00 71.50 80.50 Irrigated : 85.00 93.00 90.00 92.00 103.00 Non-Irrigated : 58.00 60.00 62.00 65.00 73.00 -------------------------------------------------------------------------------- --continued 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 : Southern Plains: : 30.50 30.50 29.00 28.50 31.00 OK : Non-Irrigated : 30.00 29.00 28.00 27.00 28.00 TX : 29.80 29.70 28.00 29.00 31.50 Irrigated : 56.00 57.50 62.00 65.00 80.00 Non-Irrigated : 23.70 23.00 23.00 23.00 24.00 : Mountain: : 62.50 62.00 65.00 43.00 45.50 AZ : Irrigated : 150.00 165.00 180.00 170.00 180.00 CO : 58.00 61.00 61.00 37.50 41.00 Irrigated : 91.00 100.00 100.00 100.00 110.00 Non-Irrigated : 22.00 23.00 23.00 22.00 24.00 ID : 99.00 104.00 108.00 93.00 98.50 Irrigated : 118.00 124.00 128.00 130.00 145.00 Non-Irrigated : 53.00 55.00 58.00 58.00 55.00 MT : 24.50 25.00 28.00 23.00 24.50 Irrigated : 49.00 53.00 68.00 Non-Irrigated : 18.90 19.50 20.00 19.50 20.50 UT : Irrigated : 61.00 65.00 60.00 62.00 65.00 : Pacific: : 180.00 185.00 192.00 175.00 187.00 CA : Irrigated : 300.00 330.00 320.00 340.00 360.00 OR : 100.00 100.00 100.00 97.00 107.00 Irrigated : 125.00 130.00 135.00 165.00 195.00 Non-Irrigated : 65.00 70.00 70.00 72.00 75.00 WA : Irrigated : 185.00 190.00 200.00 210.00 250.00 : 48 States : 76.50 78.00 79.50 77.50 85.50 -------------------------------------------------------------------------------- 1/ Unless otherwise specified as irrigated or non-irrigated, data are for all cropland. 2/ See page 11 for definition of Regions. 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 : Northeast: : 24.00 24.00 26.00 26.50 27.00 PA : 25.00 27.00 25.00 30.00 32.00 : Lake States: : 24.50 26.90 28.00 28.00 29.00 MN : 19.50 20.50 19.00 19.00 21.00 WI : 37.00 38.00 38.00 38.00 36.00 : Corn Belt: : 29.00 30.50 31.00 31.00 32.00 IL : 34.00 34.50 34.00 35.00 37.00 IA : 32.50 36.00 38.00 39.00 42.00 MO : 26.00 27.00 26.00 26.00 26.00 : Northern Plains: : 11.80 12.00 12.50 14.00 15.50 KS : 13.20 13.40 13.70 14.50 15.50 NE : 12.00 12.00 12.50 14.00 15.50 ND : 10.20 10.60 11.30 12.50 13.50 SD : 11.60 12.30 12.90 13.80 15.90 : Appalachian: : 19.10 21.00 22.00 23.50 23.00 NC : 23.00 25.00 25.00 27.00 29.00 TN : 19.00 18.00 19.00 20.00 22.00 VA : 17.50 20.00 20.00 21.00 21.00 : Southeast: : 19.10 19.00 20.00 23.00 23.50 AL : 18.00 17.50 18.50 19.50 19.50 FL : 17.50 18.50 22.00 24.00 25.00 GA : 24.00 22.00 25.00 25.00 27.00 : Delta States: : 16.60 17.00 17.50 20.00 21.50 LA : 15.50 16.50 19.00 23.00 27.00 MS : 16.50 16.50 16.00 18.00 18.50 : Southern Plains: : 8.10 8.40 8.20 6.80 7.20 OK : 9.00 9.00 8.50 9.50 10.50 TX : 7.20 6.20 6.10 6.20 6.50 : Mountain: : 3.60 3.80 4.00 4.50 4.50 CO : 3.70 4.30 4.00 5.50 5.50 MT : 5.00 5.90 5.00 6.50 6.50 NM : 1.70 1.80 2.00 2.30 2.70 UT : 10.00 9.00 11.00 5.30 4.80 WY : 4.00 4.00 4.50 4.00 4.00 : Pacific: : 13.50 13.50 14.50 19.00 18.50 CA : 11.50 12.00 13.00 14.00 15.00 : 48 States : 9.60 10.30 10.80 10.00 10.50 -------------------------------------------------------------------------------- 1/ See page 11 for definition of Regions. 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. 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. 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 2003-2007 12/31/08 SB1011 Noncitrus Fruits and Nuts - Final Estimates 2003-2007 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. 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 ACCESS TO REPORTS!! For your convenience, there are several ways to obtain NASS reports, data products, and services: INTERNET ACCESS All NASS reports are available free of charge on the worldwide Internet. For access, connect to the Internet and go to the NASS Home Page at: www.nass.usda.gov. E-MAIL SUBSCRIPTION All NASS reports are available by subscription free of charge direct to your e-mail address. Starting with the NASS Home Page at www.nass.usda.gov, under the right navigation, Receive reports by Email, click on National or State. 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