Overall Increase in Value

Farm real estate value per acre in the United States has seen a significant increase, from $196 in 1970 to $4,080 in 2023, marking a growth of over 20 times in a span of 53 years.

Recent Growth Trends

The most recent years have witnessed a rapid acceleration in value, with a jump of $280 per acre from 2022 to 2023 alone, compared to a $220 increase from 2021 to 2022.

Decade Comparison

Comparing decades, the increase from 2010 to 2020 ($1,010 per acre) outpaces the growth observed from 2000 to 2010, illustrating a notable acceleration in value appreciation over the last decade.

Largest Year-over-Year Increase

The period from 2022 to 2023 showcased the largest year-over-year increase in value per acre at $280, highlighting a recent surge in farm real estate values.

Stability in the Late 2010s

Farm real estate values experienced a period of relative stability between 2019 and 2020, with no change in the value per acre, remaining constant at $3,160.

Recovery and Growth Post-2008

After a slight decline in 2009 to $2,090 from $2,170 in 2008, values consistently increased each year, demonstrating resilience and steady growth post the 2008 financial crisis.

Early 2000s Acceleration

The early 2000s marked a period of significant growth, with values more than doubling from $1,610 in 2005 to $3,160 in 2020, reflecting the increasing value of agricultural land in the U.S. economy.

Historical Growth Since 1970

Since 1970, the farm real estate value per acre has grown consistently, with an especially notable increase post-2000, indicating a long-term upward trend in the valuation of farm real estate.