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USDA: farmland values climb higher

The value of U.S. farmland and buildings rose from 2021 to 2022, reflecting the recent gains in land prices in many prime agricultural areas.

The USDA says that value averaged $3,800 per acre, an increase of $420 on the year, based on a June survey of ag operations.

That average has now been steady to higher for six consecutive years and is $1,280 above the 2012 average.

Cropland in 2022 averaged $5,050 per acre, $630 higher, with pasture land at an average of $1,650 an acre, a gain of $170.

USDA: farmland values climb higher

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