U.S. cropland values decline 1%

U.S. cropland values decline 1%

First nationwide decline in cropland values since 2009.

Average cropland value in the United States dropped 1% in 2016, the first drop since 2009, USDA NASS reported.

Average cropland value per acre dropped from a high of $4,130 in 2015 to $4,090 in 2016, just below the $4,100 in 2014. The average cropland price in 2009 was $2,640 per acre.  In 2006, when corn, soybean and wheat prices began moving higher, the average cropland price was $2,300.

U.S. cropland values decline 1%

States showing the highest increase in cropland value: Georgia, 7.9%, Oregon, 5%, Washington, 4.9%, Louisiana, 4.8% and Wisconsin, 4.3%.

States showing the greatest decrease in cropland value: Kansas, 7.2%, North Dakota, 6.5%, Nebraska, 4.3%, South Dakota, 5.6% and North Carolina, 3.2%.

U.S. cropland values decline 1%

Average cropland value per acre dropped from a high of $4,130 in 2015 to $4,090 in 2016, just below the $4,100 in 2014. (Photo: AlinaMD/Thinkstock)

The average farm real estate value also fell slightly, to $3,010 per acre in 2016 from $3,020 in 2015.

U.S. cropland values decline 1%

Average pasture value, though, remained steady at $1,330 per acre.

U.S. cropland values decline 1%

See more from the report.

TAGS: USDA
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