08-04-17 USDA NASS Mountain Regional Land Values and Cash Rents…

USDA NASS Regional Release

USDA NASS Mountaim Regional Land Values and Cash Rents

The 2017 Arizona average farmland real estate value, a measurement of the value of all land and buildings on farms, was $4,100 per acre. This is an increase of 7.9 percent from 2016 and 8.5 percent from 2015. The average value of cropland and irrigated cropland was $8,400, up 1.2 percent from 2016. Pasture values were not published for Arizona to avoid disclosing data for individual operations.

Average cash rent for irrigated cropland in Arizona was $250.00 per acre in 2017, $28.00 more than the previous year. Cash rent for pasture in 2017 averaged $2.30 per acre, up from $2.00 in 2016.

COLORADO

The 2017 Colorado average farmland real estate value, a measurement of the value of all land and buildings on farms, was $1,430 per acre. This is an increase of 0.7 percent from 2016, but a decrease of 0.7 percent from 2015. The average value of cropland was $1,920, up 0.5 percent from 2016. The average value of irrigated cropland was $4,600, unchanged from the previous year, and the average value of non-irrigated cropland was $1,260, up 0.8 percent from the previous year. Pasture values were unchanged from 2016 at $760 per acre.

Average cash rent for irrigated cropland in Colorado was $143.00 per acre in 2017, $1.00 more than the previous year. Average cash rent for non-irrigated cropland in Colorado was $30.00 per acre in 2017, up $1.00 from the previous year. Cash rent for pasture in 2017 averaged $5.60 per acre, down from $5.80 in 2016.

MONTANA

The 2017 Montana average farmland real estate value, a measurement of the value of all land and buildings on farms, was $920 per acre. This is an increase of 2.2 percent from 2016 and 3.4 percent from 2015. The average value of cropland was $1,020, up 1.0 percent from 2016. The average value of irrigated cropland was $2,980, unchanged from the previous year, and the average value of non-irrigated cropland was $830, up 1.2 percent from the previous year. Pasture values were up 1.5 percent from 2016 at $660 per acre.

Average cash rent for irrigated cropland in Montana was $75.00 per acre in 2017, $3.00 less than the previous year. Average cash rent for non-irrigated cropland in Montana was $26.00 per acre in 2017, down $0.50 from the previous year. Cash rent for pasture in 2017 averaged $6.30 per acre, down from $6.60 in 2016.

NEW MEXICO

The 2017 New Mexico average farmland real estate value, a measurement of the value of all land and buildings on farms, was $530 per acre. This is an increase of 1.9 percent from 2016 and 3.9 percent from 2015. The average value of cropland was $1,480, up 2.1 percent from 2016. The average value of irrigated cropland was $3,930, unchanged from the previous year, and the average value of non-irrigated cropland was $440, up 12.8 percent from the previous year. Pasture values were up 2.9 percent from 2016 at $360 per acre.

Average cash rent for irrigated cropland in New Mexico was $140.00 per acre in 2017, $15.00 less than the previous year. Average cash rent for non-irrigated cropland in New Mexico was $18.00 per acre in 2017, up $1.00 from the previous year. Cash rent for pasture in 2017 averaged $3.20 per acre, up from $3.00 in 2016.

UTAH

The 2017 Utah average farmland real estate value, a measurement of the value of all land and buildings on farms, was $2,070 per acre. This is an increase of 1.5 percent from 2016 and 1.0 percent from 2015. The average value of cropland was $3,420, up 2.4 percent from 2016. The average value of irrigated cropland was $5,500, up 2.8 percent from the previous year, and the average value of non-irrigated cropland was $1,180, up 0.9 percent from the previous year. Pasture values were up 1.0 percent from 2016 at $1,050 per acre.

Average cash rent for irrigated cropland in Utah was $90.50 per acre in 2017, $2.50 more than the previous year. Average cash rent for non-irrigated cropland in Utah was $26.50 per acre in 2017, up $1.00 from the previous year. Cash rent for pasture in 2017 averaged $4.80 per acre, down from $5.00 in 2016.

WYOMING

The 2017 Wyoming average farmland real estate value, a measurement of the value of all land and buildings on farms, was $660 per acre. This is unchanged from 2016 and 2015. The average value of cropland was $1,350, down 1.5 percent from 2016. The average value of irrigated cropland was $2,170, down 1.4 percent from the previous year. The average value of non-irrigated cropland was estimated at $760, down 1.3 percent from the previous year. Pasture values were unchanged from 2016 at $510 per acre. Average cash rent for irrigated cropland in Wyoming was $82.00 per acre in 2017, $11.00 less than the previous year.

Average cash rent for non-irrigated cropland in Wyoming was $15.00 per acre in 2017, up $0.50 from the previous year. Cash rent for pasture in 2017 averaged $4.80 per acre, down from $5.30 in 2016.

UNITED STATES

The The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,080 per acre for 2017, up $70 per acre (2.3 percent) from 2016 values. Regional changes in the average value of farm real estate ranged from a 8.7 percent increase in the Pacific region to 1.8 percent decrease in the Northern Plains region. The highest farm real estate values were in the Corn Belt region at $6,260 per acre. The Mountain region had the lowest farm real estate value at $1,130 per acre.

The United States cropland value remained unchanged at $4,090 per acre from the previous year. In the Southern Plains region, the average cropland value increased 6.0 percent from the previous year. However, in the Northern Plains region, cropland values decreased by 4.4 percent.

The United States pasture value increased by $20 per acre (1.5 percent) from 2016 values. The Delta region had the highest increase of 2.9 percent from 2016. The largest decrease, at 1.7 percent, was in the Corn Belt region.

Average cash rent for irrigated cropland in the United States was $212.00 per acre in 2017, $6.00 more than the previous year. Average cash rent for non-irrigated cropland in the United States was $123.00 per acre in 2017, down $2.00 from the previous year. Cash rent for pasture in 2017 averaged $12.50, down $0.50 from the previous year.

For a full copy of the Land Values and Cash Rents reports please visit http://www.nass.usda.gov. For state specific questions
please contact:

For state specific questions please contact:

  • Arizona – Dave DeWalt 1-800-645-7286
  • New Mexico – Longino Bustillos 1-800-530-8810
  • Colorado – William R. Meyer 1-800-392-3202
  • Utah – John Hilton 1-800-747-8522
  • Montana – Eric Sommer 1-800-835-2612
  • Wyoming – Rhonda Brandt 1-800-892-1660

SOURCE