Farmland Values Annual Look

BY: Skye Root
POSTED: August 29, 2025
IN: General
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The USDA is out with its annual look at farmland values and cash rents.  USDA Chief Economist Seth Meyer said the latest numbers indicate a cooling in year over year growth.

“Cash rents showing flat value changes year over year or we’re seeing the farmers assessed value of their agricultural real estate increasing by 4.3%.”

Land Values: Crop Lands v. Pastures.

“If we separate it out into crop land, still producers assess that crop land increased 4.7%, in 2025, to $5830 an acre,” Meyer said.  “So assessing the crop land is increasing at a greater rate than overall Ag land and pastureland is showing an even larger increase at 4.9% hitting $1,920.”

Meyer noted farm real estate value by state reflected year over year increases in each of the lower 48 states, led by an 8.4% farmland value increase in North Carolina.  Here is the Northwest, each of the three states showed an increase from 2024, with Idaho posting a 4.3% year-over-year increase in farmland value, while Washington reported a 2.5% increase, and Oregon posted 1.6% increase.

By Glenn Vaagen

Read the full article here.

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