Farmland Values Up, While Cash Rents Stable

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.

Click Here to check out the entire USDA report.

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