Average U.S. farm real estate value, nominal and real (inflation adjusted), 1950–2023

Dollars per acre

Line graph with 2 lines and 74 points per line.

Line 1, Nominal.
Point 1, 1950 is 65.
Point 2, 1951 is 74.
Point 3, 1952 is 82.
Point 4, 1953 is 83.
Point 5, 1954 is 82.
Point 6, 1955 is 85.
Point 7, 1956 is 90.
Point 8, 1957 is 97.
Point 9, 1958 is 103.
Point 10, 1959 is 111.
Point 11, 1960 is 117.
Point 12, 1961 is 119.
Point 13, 1962 is 125.
Point 14, 1963 is 130.
Point 15, 1964 is 138.
Point 16, 1965 is 147.
Point 17, 1966 is 158.
Point 18, 1967 is 168.
Point 19, 1968 is 179.
Point 20, 1969 is 189.
Point 21, 1970 is 196.
Point 22, 1971 is 203.
Point 23, 1972 is 219.
Point 24, 1973 is 246.
Point 25, 1974 is 302.
Point 26, 1975 is 340.
Point 27, 1976 is 397.
Point 28, 1977 is 474.
Point 29, 1978 is 531.
Point 30, 1979 is 628.
Point 31, 1980 is 737.
Point 32, 1981 is 819.
Point 33, 1982 is 823.
Point 34, 1983 is 788.
Point 35, 1984 is 801.
Point 36, 1985 is 713.
Point 37, 1986 is 640.
Point 38, 1987 is 599.
Point 39, 1988 is 632.
Point 40, 1989 is 668.
Point 41, 1990 is 683.
Point 42, 1991 is 703.
Point 43, 1992 is 713.
Point 44, 1993 is 736.
Point 45, 1994 is 798.
Point 46, 1995 is 844.
Point 47, 1996 is 887.
Point 48, 1997 is 926.
Point 49, 1998 is 974.
Point 50, 1999 is 1030.
Point 51, 2000 is 1090.
Point 52, 2001 is 1150.
Point 53, 2002 is 1210.
Point 54, 2003 is 1270.
Point 55, 2004 is 1340.
Point 56, 2005 is 1610.
Point 57, 2006 is 1830.
Point 58, 2007 is 2010.
Point 59, 2008 is 2170.
Point 60, 2009 is 2090.
Point 61, 2010 is 2150.
Point 62, 2011 is 2300.
Point 63, 2012 is 2520.
Point 64, 2013 is 2730.
Point 65, 2014 is 2940.
Point 66, 2015 is 3000.
Point 67, 2016 is 2990.
Point 68, 2017 is 3030.
Point 69, 2018 is 3100.
Point 70, 2019 is 3160.
Point 71, 2020 is 3160.
Point 72, 2021 is 3380.
Point 73, 2022 is 3800.
Point 74, 2023 is 4080.
Line 2, Inflation adjusted (2023=100).
Point 1, 1950 is 651.
Point 2, 1951 is 695.
Point 3, 1952 is 753.
Point 4, 1953 is 753.
Point 5, 1954 is 736.
Point 6, 1955 is 753.
Point 7, 1956 is 770.
Point 8, 1957 is 802.
Point 9, 1958 is 833.
Point 10, 1959 is 886.
Point 11, 1960 is 921.
Point 12, 1961 is 927.
Point 13, 1962 is 962.
Point 14, 1963 is 989.
Point 15, 1964 is 1034.
Point 16, 1965 is 1082.
Point 17, 1966 is 1131.
Point 18, 1967 is 1169.
Point 19, 1968 is 1194.
Point 20, 1969 is 1202.
Point 21, 1970 is 1184.
Point 22, 1971 is 1167.
Point 23, 1972 is 1207.
Point 24, 1973 is 1285.
Point 25, 1974 is 1448.
Point 26, 1975 is 1492.
Point 27, 1976 is 1651.
Point 28, 1977 is 1856.
Point 29, 1978 is 1942.
Point 30, 1979 is 2121.
Point 31, 1980 is 2282.
Point 32, 1981 is 2317.
Point 33, 1982 is 2193.
Point 34, 1983 is 2021.
Point 35, 1984 is 1983.
Point 36, 1985 is 1711.
Point 37, 1986 is 1505.
Point 38, 1987 is 1375.
Point 39, 1988 is 1401.
Point 40, 1989 is 1425.
Point 41, 1990 is 1404.
Point 42, 1991 is 1398.
Point 43, 1992 is 1387.
Point 44, 1993 is 1398.
Point 45, 1994 is 1484.
Point 46, 1995 is 1538.
Point 47, 1996 is 1587.
Point 48, 1997 is 1628.
Point 49, 1998 is 1694.
Point 50, 1999 is 1767.
Point 51, 2000 is 1828.
Point 52, 2001 is 1885.
Point 53, 2002 is 1954.
Point 54, 2003 is 2011.
Point 55, 2004 is 2066.
Point 56, 2005 is 2408.
Point 57, 2006 is 2654.
Point 58, 2007 is 2838.
Point 59, 2008 is 3008.
Point 60, 2009 is 2878.
Point 61, 2010 is 2925.
Point 62, 2011 is 3066.
Point 63, 2012 is 3298.
Point 64, 2013 is 3512.
Point 65, 2014 is 3717.
Point 66, 2015 is 3761.
Point 67, 2016 is 3712.
Point 68, 2017 is 3695.
Point 69, 2018 is 3695.
Point 70, 2019 is 3705.
Point 71, 2020 is 3656.
Point 72, 2021 is 3739.
Point 73, 2022 is 3927.
Point 74, 2023 is 4080.

Note: Farm real estate includes land and buildings. Data reflect values as of June 1 of each year. The annual Gross Domestic Product implicit price deflator is used to convert nominal values to 2023 U.S. dollars (Department of Commerce, Bureau of Economic Analysis). U.S. estimates exclude Alaska and Hawaii.

Source: USDA, Economic Research Service using annual national agricultural land value estimates from USDA, National Agricultural Statistics Service, QuickStats.