The USDA National Agricultural Statistics Service recently released their 2018 Land Values Summary. Nationally, farm real estate value, a measurement of the value of all land and buildings on farms, averaging $3,140 per acre for 2018, an increase of 1.9 percent from 2017 values. The United States cropland and pasture values each increased $40 per acre from the previously year with cropland averaging $4,130 per acre, a 1.0 percent increase, and pastureland averaging $1,390, a 3.0 percent increase.
The Mountain Region, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming, experienced a 0.9 percent increase in value from 2017. The details of farmland values and the broken down figures of irrigated, non-irrigated cropland, and pastureland are visually represented in the charts below.
FARM REAL ESTATE AVG VALUE ($) PER ACRE BY STATE FROM 2014 - 2018
IRRIGATED CROPLAND AVG VALUE ($) BY ACRE BY STATE FROM 2014 - 2018
Nevada did not have data for all five years.
NON-IRRIGATED CROPLAND AVG VALUE ($) PER ACRE BY STATE FROM 2014 - 2018
There is not non-irrigated data for Arizona or Nevada.
PASTURE AVG VALUE ($) PER ACRE PER STATE FROM 2014 - 2018
There is not pasture data for Arizona or Nevada.