Average U.S. farm real estate value, nominal and real (inflation adjusted), 1967-2017

Dollars per acre

Line Bar combo chart with 51 groups, 2 lines, and 0 bars per group.

Group 1, 1967.
Line 1, Inflation adjusted (2009=100) 849.13.
Line 2, Nominal 168.
Group 2, 1968.
Line 1, Inflation adjusted (2009=100) 867.88.
Line 2, Nominal 179.
Group 3, 1969.
Line 1, Inflation adjusted (2009=100) 873.3.
Line 2, Nominal 189.
Group 4, 1970.
Line 1, Inflation adjusted (2009=100) 860.22.
Line 2, Nominal 196.
Group 5, 1971.
Line 1, Inflation adjusted (2009=100) 847.95.
Line 2, Nominal 203.
Group 6, 1972.
Line 1, Inflation adjusted (2009=100) 876.95.
Line 2, Nominal 219.
Group 7, 1973.
Line 1, Inflation adjusted (2009=100) 934.12.
Line 2, Nominal 246.
Group 8, 1974.
Line 1, Inflation adjusted (2009=100) 1051.97.
Line 2, Nominal 302.
Group 9, 1975.
Line 1, Inflation adjusted (2009=100) 1084.43.
Line 2, Nominal 340.
Group 10, 1976.
Line 1, Inflation adjusted (2009=100) 1200.16.
Line 2, Nominal 397.
Group 11, 1977.
Line 1, Inflation adjusted (2009=100) 1349.39.
Line 2, Nominal 474.
Group 12, 1978.
Line 1, Inflation adjusted (2009=100) 1412.8.
Line 2, Nominal 531.
Group 13, 1979.
Line 1, Inflation adjusted (2009=100) 1542.92.
Line 2, Nominal 628.
Group 14, 1980.
Line 1, Inflation adjusted (2009=100) 1660.73.
Line 2, Nominal 737.
Group 15, 1981.
Line 1, Inflation adjusted (2009=100) 1687.89.
Line 2, Nominal 819.
Group 16, 1982.
Line 1, Inflation adjusted (2009=100) 1597.13.
Line 2, Nominal 823.
Group 17, 1983.
Line 1, Inflation adjusted (2009=100) 1471.41.
Line 2, Nominal 788.
Group 18, 1984.
Line 1, Inflation adjusted (2009=100) 1444.31.
Line 2, Nominal 801.
Group 19, 1985.
Line 1, Inflation adjusted (2009=100) 1245.72.
Line 2, Nominal 713.
Group 20, 1986.
Line 1, Inflation adjusted (2009=100) 1096.02.
Line 2, Nominal 640.
Group 21, 1987.
Line 1, Inflation adjusted (2009=100) 1000.35.
Line 2, Nominal 599.
Group 22, 1988.
Line 1, Inflation adjusted (2009=100) 1019.78.
Line 2, Nominal 632.
Group 23, 1989.
Line 1, Inflation adjusted (2009=100) 1037.46.
Line 2, Nominal 668.
Group 24, 1990.
Line 1, Inflation adjusted (2009=100) 1022.85.
Line 2, Nominal 683.
Group 25, 1991.
Line 1, Inflation adjusted (2009=100) 1018.94.
Line 2, Nominal 703.
Group 26, 1992.
Line 1, Inflation adjusted (2009=100) 1010.43.
Line 2, Nominal 713.
Group 27, 1993.
Line 1, Inflation adjusted (2009=100) 1018.77.
Line 2, Nominal 736.
Group 28, 1994.
Line 1, Inflation adjusted (2009=100) 1081.58.
Line 2, Nominal 798.
Group 29, 1995.
Line 1, Inflation adjusted (2009=100) 1120.54.
Line 2, Nominal 844.
Group 30, 1996.
Line 1, Inflation adjusted (2009=100) 1156.53.
Line 2, Nominal 887.
Group 31, 1997.
Line 1, Inflation adjusted (2009=100) 1187.04.
Line 2, Nominal 926.
Group 32, 1998.
Line 1, Inflation adjusted (2009=100) 1235.18.
Line 2, Nominal 974.
Group 33, 1999.
Line 1, Inflation adjusted (2009=100) 1286.52.
Line 2, Nominal 1030.
Group 34, 2000.
Line 1, Inflation adjusted (2009=100) 1331.17.
Line 2, Nominal 1090.
Group 35, 2001.
Line 1, Inflation adjusted (2009=100) 1373.09.
Line 2, Nominal 1150.
Group 36, 2002.
Line 1, Inflation adjusted (2009=100) 1422.89.
Line 2, Nominal 1210.
Group 37, 2003.
Line 1, Inflation adjusted (2009=100) 1464.33.
Line 2, Nominal 1270.
Group 38, 2004.
Line 1, Inflation adjusted (2009=100) 1503.69.
Line 2, Nominal 1340.
Group 39, 2005.
Line 1, Inflation adjusted (2009=100) 1750.36.
Line 2, Nominal 1610.
Group 40, 2006.
Line 1, Inflation adjusted (2009=100) 1930.14.
Line 2, Nominal 1830.
Group 41, 2007.
Line 1, Inflation adjusted (2009=100) 2065.05.
Line 2, Nominal 2010.
Group 42, 2008.
Line 1, Inflation adjusted (2009=100) 2186.4.
Line 2, Nominal 2170.
Group 43, 2009.
Line 1, Inflation adjusted (2009=100) 2090.
Line 2, Nominal 2090.
Group 44, 2010.
Line 1, Inflation adjusted (2009=100) 2124.15.
Line 2, Nominal 2150.
Group 45, 2011.
Line 1, Inflation adjusted (2009=100) 2226.37.
Line 2, Nominal 2300.
Group 46, 2012.
Line 1, Inflation adjusted (2009=100) 2395.14.
Line 2, Nominal 2520.
Group 47, 2013.
Line 1, Inflation adjusted (2009=100) 2553.55.
Line 2, Nominal 2730.
Group 48, 2014.
Line 1, Inflation adjusted (2009=100) 2710.72.
Line 2, Nominal 2950.
Group 49, 2015.
Line 1, Inflation adjusted (2009=100) 2745.2.
Line 2, Nominal 3020.
Group 50, 2016  .
Line 1, Inflation adjusted (2009=100) 2701.68.
Line 2, Nominal 3010.
Group 51, 2017.
Line 1, Inflation adjusted (2009=100) 2728.4.
Line 2, Nominal 3080.

Note: Farm real estate includes land and buildings. Data reflect values as of June 1 of each year. The annual GDP implicit price deflator is used to convert nominal values to 2009 U.S. dollars (Department of Commerce, Bureau of Economic Analysis). For 2017, the average of the first and second quarter price deflators is used. Data exclude Alaska and Hawaii. Source: USDA, Economic Research Service using data from USDA, National Agricultural Statistics Service.