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Farmland values unchanged from 2019

TAGS: Business
USDA photo by Bob Nichols farmland with encroaching urban development
A new housing development encroaches on valuable farmland in the Chesapeake Bay Watershed in Easton, Maryland.
"Low interest rates continue to make agricultural land an attractive investment," and ad hoc assistance is supporting cash rents.  

The U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2020, marking no change from 2019. The U.S. cropland value averaged $4,100 per acre, also not changing from the previous year. The U.S. pasture value averaged $1,400 per acre, the same as 2019, according to the U.S. Department of Agriculture’s latest

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