Nationwide, farm real estate values average $3,080 per acre in 2017, up $70 an acre or 2.3 % from 2016. The Mountain region has the lowest farm real estate value at $1,130 per acre. The value of cropland in the same region increased 1.1% year-over-year to $1,780 and pasture land values rose 1.3% to $625 per acre in 2017.
Earlier this year, we collaborated with The Trust for Public Land on their Community Futures Community Futures Finance Toolbox project. We conducted research to learn how small and rural communities are becoming more livable, resilient, and vibrant. Our research revealed that communities of all sizes are utilizing innovative tools to leverage their natural resources into a prosperous and sustainable future.