2016 farm real estate value and land rent

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Farm Forum

South Dakota

Sioux Falls – South Dakota’s farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2015, according to USDA’s National Agricultural Statistics Service. Farm real estate value for 2016 averaged $2,250 per acre. This is down $70 per acre or 3 percent lower than 2015.

Cropland value decreased 6 percent from 2015 to $3,520 per acre. Dryland cropland value averaged $3,500 per acre, down $200 from 2015. Pastureland, at $1,020 per acre, increased $40 from 2015.

Cash rents paid to landlords in 2016 for cropland were mixed from last year. Irrigated cropland rent averaged $192 per acre, an increase of $6 from last year. Dryland cropland rent averaged $120 per acre, down $5 from a year earlier. Pasture rented for cash, which averaged $24 per acre, is down $3 from the previous year.

County level averages of 2016 cash rents paid to landlords will be released on September 9, 2016 and will be available through NASS Quick Stats located at http://quickstats.nass.usda.gov/.

North Dakota

Fargo, N.D. – North Dakota’s farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2015, according to USDA’s National Agricultural Statistics Service. Farm real estate value for 2016 averaged $1,830 per acre. This is down $90 per acre or 5 percent lower than last year.

Cropland value averaged $2,000 per acre, down $140 from last year. Pastureland, at $830 per acre, decreased $20 from a year ago.

Cash rents paid to landlords in 2016 were mixed from last year. Irrigated cropland rent averaged $166 per acre, an increase of $5 from last year. Non-irrigated cropland rent averaged $67 per acre, down $1 from a year earlier. Pasture rented for cash, which averaged $17 per acre, is down $1 from the previous year.

County level averages of 2016 cash rents paid to landlords will be released on September 9, 2016 and will be available through NASS Quick Stats located at http://quickstats.nass.usda.gov/.

Minnesota

Minnesota’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,700 per acre, according to the USDA, National Agricultural Statistics Service – Land Values 2016 Summary. This is unchanged from last year’s level.

Cropland value decreased 1 percent from last year to $4,750 per acre. Pasture, at $1,650 per acre, decreased 3 percent from a year ago.

Cropland cash rent paid to Minnesota landlords in 2016 averaged $170.00 per acre. Non-irrigated cropland rent averaged $170.00 per acre, down $11.00 from a year earlier. Irrigated cropland rent averaged $185.00 per acre, down $25.00 from last year. Pasture rented for cash averaged $30.00 per acre, up $2.00 from the previous year.

County level cash rent averages will be released on September 9, 2016.

Iowa

Iowa’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $7,850 per acre in 2016, according to the USDA, National Agricultural Statistics Service – Land Values 2016 Summary. This is down $150 per acre or 2 percent below last year’s level.

Cropland value decreased 2 percent from last year to $8,000 per acre. Pasture, at $3,400 per acre, is unchanged from a year ago.

Cropland cash rent paid to Iowa landlords in 2016 averaged $235.00 per acre. Non-irrigated cropland rent averaged $235.00 per acre, down $15.00 from a year earlier. Irrigated cropland rent averaged $240.00 per acre. Pasture rented for cash averaged $52.00 per acre, up $2.00 from the previous year.

County level cash rent averages will be released on September 9, 2016

Nebraska

Lincoln, Neb. – Nebraska’s farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2015, according to USDA’s National Agricultural Statistics Service. Farm real estate value for 2016 averaged $2,950 per acre. This is down $100 per acre or 3 percent lower than last year.

Cropland value decreased 4 percent from last year to $4,850 per acre. Dryland cropland value averaged $3,800 per acre, down $170 from last year. Irrigated cropland value averaged $6,560 per acre, down $310 from a year ago. Pastureland, at $910 per acre, increased $40 from a year ago.

Cash rents paid to landlords in 2016 for cropland decreased from last year. Irrigated cropland rent averaged $243 per acre, a decrease of $11 from last year. Dryland cropland rent averaged $150 per acre, down $10 from a year earlier. Pasture rented for cash, averaged $24 per acre, down $4.50 from the previous year.

County level averages of 2016 cash rents paid to landlords will be released on September 9, 2016 and will be available through NASS Quick Stats located at http://quickstats.nass.usda.gov/.