Montana and US Farm Real Estate Values Up
The average value of farm real estate in
US farm real estate values, a measurement of the value of all land and buildings on farms, average $1,900 per acre on
The increase in farm real estate values continues to be driven by a combination of mostly non-agricultural factors, including relatively low interest rates and strong demand for non-agricultural land uses. Demand for farm real estate as an investment continues to be a strong market influence.
Regional increases in the average value of farm real estate ranged from 8.9 percent in the Delta region to 35 percent in the Mountain region. The highest farm real estate values are in the Northeast region, where urban influences have pushed the average value to $4,500 per acre. In the
The Southeast region had the highest average increase in cropland value, at $4,550, up $890 per acre. In the
The Southeast region had the highest average increase in pasture value, up $1,510 per acre. In the Northern Plains, Southern Plains, Mountain and Pacific regions (17 western states) pasture values per acre increased 15 percent, 24 percent, 54 percent, and 13 percent respectively. Together the 17 western states account for about 69 percent of the total pasture acres on farms in the 48 states.