2018 USDA NASS FARMLAND VALUES MOUNTAIN REGION

The USDA National Agricultural Statistics Service recently released their 2018 Land Values Summary. Nationally, farm real estate value, a measurement of the value of all land and buildings on farms, averaging $3,140 per acre for 2018, an increase of 1.9 percent from 2017 values. The United States cropland and pasture values each increased $40 per acre from the previously year with cropland averaging $4,130 per acre, a 1.0 percent increase, and pastureland averaging $1,390, a 3.0 percent increase.

The Mountain Region, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming, experienced a 0.9 percent increase in value from 2017. The details of farmland values and the broken down figures of irrigated, non-irrigated cropland, and pastureland are visually represented in the charts below.

FARM REAL ESTATE AVG VALUE ($) PER ACRE BY STATE FROM 2014 - 2018

Source: USDA NASS

IRRIGATED CROPLAND AVG VALUE ($) BY ACRE BY STATE FROM 2014 - 2018

Source: USDA NASS

Nevada did not have data for all five years.

NON-IRRIGATED CROPLAND AVG VALUE ($) PER ACRE BY STATE FROM 2014 - 2018

Source: USDA NASS

There is not non-irrigated data for Arizona or Nevada.

PASTURE AVG VALUE ($) PER ACRE PER STATE FROM 2014 - 2018

Source: USDA NASS

There is not pasture data for Arizona or Nevada.