Average U.S. farm real estate value, nominal and real (inflation adjusted), 1970-2020

Dollars per acre

Line graph with 2 lines and 51 points per line.

Line 1, Nominal value of farm real estate.
Point 1, 1970 is 196.
Point 2, 1971 is 203.
Point 3, 1972 is 219.
Point 4, 1973 is 246.
Point 5, 1974 is 302.
Point 6, 1975 is 340.
Point 7, 1976 is 397.
Point 8, 1977 is 474.
Point 9, 1978 is 531.
Point 10, 1979 is 628.
Point 11, 1980 is 737.
Point 12, 1981 is 819.
Point 13, 1982 is 823.
Point 14, 1983 is 788.
Point 15, 1984 is 801.
Point 16, 1985 is 713.
Point 17, 1986 is 640.
Point 18, 1987 is 599.
Point 19, 1988 is 632.
Point 20, 1989 is 668.
Point 21, 1990 is 683.
Point 22, 1991 is 703.
Point 23, 1992 is 713.
Point 24, 1993 is 736.
Point 25, 1994 is 798.
Point 26, 1995 is 844.
Point 27, 1996 is 887.
Point 28, 1997 is 926.
Point 29, 1998 is 974.
Point 30, 1999 is 1030.
Point 31, 2000 is 1090.
Point 32, 2001 is 1150.
Point 33, 2002 is 1210.
Point 34, 2003 is 1270.
Point 35, 2004 is 1340.
Point 36, 2005 is 1610.
Point 37, 2006 is 1830.
Point 38, 2007 is 2010.
Point 39, 2008 is 2170.
Point 40, 2009 is 2090.
Point 41, 2010 is 2150.
Point 42, 2011 is 2300.
Point 43, 2012 is 2520.
Point 44, 2013 is 2730.
Point 45, 2014 is 2940.
Point 46, 2015 is 3000.
Point 47, 2016 is 2990.
Point 48, 2017 is 3030.
Point 49, 2018 is 3100.
Point 50, 2019 is 3160.
Point 51, 2020 is 3160.
Line 2, Inflation-adjusted value of farm real estate (2020 dollars).
Point 1, 1970 is 1024.
Point 2, 1971 is 1009.
Point 3, 1972 is 1043.
Point 4, 1973 is 1111.
Point 5, 1974 is 1252.
Point 6, 1975 is 1289.
Point 7, 1976 is 1427.
Point 8, 1977 is 1604.
Point 9, 1978 is 1679.
Point 10, 1979 is 1834.
Point 11, 1980 is 1973.
Point 12, 1981 is 2004.
Point 13, 1982 is 1896.
Point 14, 1983 is 1747.
Point 15, 1984 is 1714.
Point 16, 1985 is 1479.
Point 17, 1986 is 1301.
Point 18, 1987 is 1189.
Point 19, 1988 is 1211.
Point 20, 1989 is 1232.
Point 21, 1990 is 1214.
Point 22, 1991 is 1209.
Point 23, 1992 is 1199.
Point 24, 1993 is 1209.
Point 25, 1994 is 1283.
Point 26, 1995 is 1329.
Point 27, 1996 is 1372.
Point 28, 1997 is 1408.
Point 29, 1998 is 1465.
Point 30, 1999 is 1527.
Point 31, 2000 is 1580.
Point 32, 2001 is 1631.
Point 33, 2002 is 1690.
Point 34, 2003 is 1741.
Point 35, 2004 is 1789.
Point 36, 2005 is 2085.
Point 37, 2006 is 2300.
Point 38, 2007 is 2460.
Point 39, 2008 is 2606.
Point 40, 2009 is 2490.
Point 41, 2010 is 2532.
Point 42, 2011 is 2654.
Point 43, 2012 is 2853.
Point 44, 2013 is 3036.
Point 45, 2014 is 3211.
Point 46, 2015 is 3245.
Point 47, 2016 is 3201.
Point 48, 2017 is 3183.
Point 49, 2018 is 3181.
Point 50, 2019 is 3185.
Point 51, 2020 is 3160.

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 2020 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.