WASHINGTON, DC – U.S. pasture values rose faster than cropland in 2026 as strong cattle prices and competition for grazing acres supported land demand. USDA’s National Agricultural Statistics Service says pasture averaged $2,000 per acre, up 4.2 percent from 2025.
Cropland increased 3.3 percent to $6,020 per acre, while total farm real estate rose 3.4 percent to $4,500. Pasture values have climbed from $1,110 per acre in 2012, an increase of about 80 percent.
Several major cattle states exceeded the national pasture increase. Kansas rose 6.1 percent, Texas gained 5.2 percent, Oklahoma increased 4.8 percent, and South Dakota advanced 4.1 percent.
Higher pasture values strengthen ranch balance sheets and collateral positions. However, they also increase expansion costs, cash-rent pressure, and the capital required for younger producers to enter or grow cattle operations.
USDA measures estimated market values but does not identify the reasons for individual changes. Cattle returns, limited grazing availability, development pressure, and local buyer competition will shape whether pasture appreciation continues.
Farm-Level Takeaway: Stronger pasture values improve ranch equity but raise the cost of adding grazing capacity.