Trends in farm real estate values

A chart showing the average farm real estate values, years 1980 to 2010.

Because farm real estate represents much of the value of U.S. farm sector assets, large swings in farmland values can affect the financial well-being of agricultural producers. Since the farm crisis of the mid-1980s, farm real estate values (including land and buildings) have been rising in both nominal and real (i.e., inflation adjusted) terms. Between 1994 and 2004, real values increased between 2 and 4 percent annually. In 2005 and 2006, values jumped 16 percent and 11 percent, before slowing to 6-7 percent in 2007 and 2008. This chart comes from the ERS report, Trends in U.S. Farmland Values and Ownership, EIB-92, February 2012.

Download larger size chart (500 pixels by 279, 96 dpi)