Land prices in US increased slightly

A land price survey by the United States Department of Agriculture shows that the average price of land in the United States (US) has increased. The average price is €4.130 per acre (converted that is €8.755 per hectare). Rents have also risen.

In the Corn Belt (Iowa, Illinois, Indiana, Ohio and Missouri) the price of land is quite high. The average price there is €14.000 per hectare. The price in this agricultural area has increased slightly, after previous declines. The rent for the land in this region is also relatively high (about €460 per hectare per year).

Southern Plains show rise
In the Southern Plains (Oklahoma and Texas) the price rose the most, by about 5%. In this region, an average of €4.200 is paid per hectare. However, it is striking that the lowest rents can be found here, although these are also on the rise. On average, about €85 per hectare is paid.

In the state of Idaho, where most potatoes are grown, 1 acre is almost $7.500 per hectare. It is striking that the price of land in this area has risen sharply (3,5%). After a sharp drop last year, the rent has remained stable at €340 per hectare.

Arizona and California
Land prices are the highest in the states of Arizona and California, with prices of almost €20.000 per hectare. A shortage of water does not seem to affect prices.An overview of land prices by state. Source: USDA

Anne-Jan Doorn

Anne Jan Doorn is an arable expert at Boerenbusiness. He writes about the various arable farming markets and also focuses on the land and energy market.

aj.doorn@boerenbusiness. Nl

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