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%.”
“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
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