NASHVILLE, TN – The average U.S. farm real estate value climbed to $4,350 per acre in 2025, marking a 4.3% increase over last year, according to USDA’s latest Land Values report. The figure reflects the combined value of land and buildings on agricultural property.
Cropland averaged $5,830 per acre nationwide, up 4.7% from 2024. Pastureland increased 4.9% to an average of $1,920 per acre. Utah led all states in cropland value growth with a 9.7% increase, followed by Michigan at 8.2% and Minnesota at 7%.
The most expensive farmland in the nation remains in Rhode Island, averaging $22,500 per acre. New Jersey and Massachusetts followed at $16,600 and $14,900, respectively. On the opposite end, New Mexico held the lowest average at $725 per acre, with Wyoming and Nevada close behind at $1,000 and $1,200.
Pasture value growth was highest in North Dakota (8.6%), Kansas (8.1%), and Nebraska (7.9%), reflecting continued demand in the Plains.