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Source: USDA news release

To view the complete report, click here.

ERS research examines trends in farmland values, and assesses the affect both macroeconomic (interest rates, prices of alternative investments) and a wide variety of parcel-specific factors (e.g., soil quality, government payments, proximity to urban areas) have on farmland values.

On May 29, text in the ERS page on Farmland Value (in the Land Use, Land Value & Tenure topic) was revised. The following sentence incorrectly identified 2019 rental rates in the Northeast and has been corrected to state: “Between 2018 and 2019, cropland rental rates increased the most in the Pacific (up 10.2 percent to $305 per acre), Northeast (up 6.2 percent to $87 per acre), and Southeast (up 2.9 percent to $88.50 per acre).” Values in the associated table were unchanged.

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