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US farm property values, which measure the value of all land and farm buildings, averaged $ 3,380 per acre in 2021, up $ 220 per acre (7.0 percent) from 2020.
The average cost of arable land in the United States was $ 4,420 per acre, up $ 320 per acre (7.8 percent) from the previous year. The average cost of pasture in the United States was $ 1,480 per acre, up $ 80 per acre (5.7 percent) from 2020.
The average cost of farm property per acre was still the highest in California at $ 10,900. The mountainous region, among them Montana, Nevada and Wyoming, was one of the lowest.
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