Farmland Value Calculator
Enter your acres and a price per acre to see what the land is worth, the cap rate on the rent it earns and a projected value after the years you plan to hold it. It starts at the 2026 U.S. average of $4,500 an acre; pick your state to load USDA's average for it and its growth rate since 2022, or type the price you were quoted.
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Pre-filled: USDA NASS Land Values 2026 Summary
Additional Details
Pre-filled: USDA NASS (derived)
Total Land Value
Estimated • Based on your inputs
Cap Rate (Net Rent Yield)
2.89%
Projected Value After Holding Period
$1,161,682.00
Detailed Breakdown
Disclaimer: This calculator provides estimates for informational purposes only. Results should not be considered financial, tax, or legal advice. Consult a qualified professional for your specific situation.
How this calculator works
Land value is acres times price per acre. Net income is the cash rent you collect minus the landowner's property tax and insurance, each per acre times your acres, and the cap rate is that net income divided by the land value. The projected value grows the land value at your appreciation rate for each year you hold it; the total return adds the rent you collect over those years (flat, not grown) to that gain, and the annualized figure is the yearly rate that turns the price into price plus total return. USDA's state averages describe all farmland in a state, buildings included; a parcel's own soil, water, location and improvements can put it far from that average, so the price you can actually buy or sell at is the input that matters most.
Source: USDA National Agricultural Statistics Service, "Land Values 2026 Summary" (July 2026) checked
Farmland value per acre by state, 2026
USDA NASS Land Values 2026 Summary (July 2026), read 2026-10-23. Farm real estate is what all land and buildings used for farming, homes on the farm included, would sell for; cropland and pasture value the land in those two uses. The yearly growth column is this site's compound rate from the report's 2022 and 2026 values, the rate the state picker loads; the last column is 160 acres at the state's farm real estate average.
| State | USDA region | Farm real estate | Change from 2025 | Growth a year, 2022-2026 | Cropland | Pasture | 160 acres |
|---|---|---|---|---|---|---|---|
| Alabama | Southeast | $4,250 | +2.4% | 4.8% | $4,650 | $3,500 | $680,000 |
| Arizona | Mountain | $4,300 | +2.9% | 2.7% | $8,300 | $980 | $688,000 |
| Arkansas | Delta States | $4,350 | +2.4% | 3.4% | $3,850 | $3,500 | $696,000 |
| California | Pacific | $14,100 | +2.9% | 2.9% | $18,430 | $4,250 | $2,256,000 |
| Colorado | Mountain | $2,360 | +3.1% | 5.4% | $2,960 | $1,200 | $377,600 |
| Connecticut | Northeast | $14,600 | +1.4% | 2.0% | $23,200 | $13,000 | $2,336,000 |
| Delaware | Northeast | $9,700 | +1.6% | 0.3% | $9,550 | $7,800 | $1,552,000 |
| Florida | Southeast | $9,150 | +5.2% | 7.2% | $11,100 | $7,650 | $1,464,000 |
| Georgia | Southeast | $4,950 | +4.9% | 6.1% | $4,670 | $5,100 | $792,000 |
| Idaho | Mountain | $4,750 | +3.7% | 4.5% | $6,170 | $2,500 | $760,000 |
| Illinois | Corn Belt | $9,250 | +3.6% | 3.0% | $10,200 | $4,300 | $1,480,000 |
| Indiana | Corn Belt | $9,150 | +3.4% | 5.5% | $8,600 | $2,850 | $1,464,000 |
| Iowa | Corn Belt | $10,100 | +3.2% | 3.3% | $10,700 | $3,800 | $1,616,000 |
| Kansas | Northern Plains | $3,200 | +3.2% | 7.2% | $3,540 | $2,400 | $512,000 |
| Kentucky | Appalachian | $5,600 | +2.2% | 5.5% | $6,630 | $4,050 | $896,000 |
| Louisiana | Delta States | $3,950 | +2.6% | 3.1% | $3,660 | $3,600 | $632,000 |
| Maine | Northeast | $3,400 | +1.5% | 2.4% | $4,700 | $2,700 | $544,000 |
| Maryland | Northeast | $9,950 | +2.1% | 1.6% | $9,250 | $8,300 | $1,592,000 |
| Massachusetts | Northeast | $15,200 | +2.0% | 2.1% | $26,600 | $15,400 | $2,432,000 |
| Michigan | Lake States | $7,000 | +2.9% | 6.4% | $6,600 | $3,200 | $1,120,000 |
| Minnesota | Lake States | $6,950 | +2.4% | 4.7% | $7,300 | $2,400 | $1,112,000 |
| Mississippi | Delta States | $3,650 | +2.0% | 3.0% | $4,060 | $3,310 | $584,000 |
| Missouri | Corn Belt | $5,200 | +4.0% | 5.3% | $5,310 | $2,850 | $832,000 |
| Montana | Mountain | $1,260 | +2.4% | 3.2% | $1,350 | $940 | $201,600 |
| Nebraska | Northern Plains | $4,400 | +3.5% | 6.3% | $6,960 | $1,590 | $704,000 |
| Nevada | Mountain | $1,230 | +2.5% | 2.6% | $3,090 | $870 | $196,800 |
| New Hampshire | Northeast | $6,670 | +2.6% | 3.7% | $10,100 | $8,120 | $1,067,200 |
| New Jersey | Northeast | $17,000 | +2.4% | 4.6% | $17,100 | $15,600 | $2,720,000 |
| New Mexico | Mountain | $735 | +1.4% | 2.8% | $2,090 | $650 | $117,600 |
| New York | Northeast | $4,500 | +4.7% | 4.9% | $4,150 | $2,040 | $720,000 |
| North Carolina | Appalachian | $5,750 | +5.1% | 4.3% | $5,580 | $6,380 | $920,000 |
| North Dakota | Northern Plains | $2,450 | +3.8% | 6.3% | $2,800 | $1,200 | $392,000 |
| Ohio | Corn Belt | $9,650 | +3.2% | 6.9% | $10,100 | $4,250 | $1,544,000 |
| Oklahoma | Southern Plains | $2,620 | +3.1% | 6.1% | $2,560 | $2,200 | $419,200 |
| Oregon | Pacific | $3,880 | +2.6% | 4.3% | $4,540 | $1,120 | $620,800 |
| Pennsylvania | Northeast | $8,700 | +2.5% | 3.2% | $9,800 | $4,350 | $1,392,000 |
| Rhode Island | Northeast | $23,600 | +4.9% | 5.7% | $34,300 | $17,500 | $3,776,000 |
| South Carolina | Southeast | $4,900 | +3.4% | 4.7% | $4,100 | $4,500 | $784,000 |
| South Dakota | Northern Plains | $3,100 | +4.4% | 6.7% | $4,770 | $1,400 | $496,000 |
| Tennessee | Appalachian | $6,500 | +5.7% | 8.2% | $6,400 | $5,910 | $1,040,000 |
| Texas | Southern Plains | $3,100 | +4.4% | 6.2% | $2,790 | $2,420 | $496,000 |
| Utah | Mountain | $3,650 | +4.3% | 6.0% | $6,040 | $2,000 | $584,000 |
| Vermont | Northeast | $4,490 | +2.0% | 3.9% | $4,450 | $2,920 | $718,400 |
| Virginia | Appalachian | $6,300 | +3.3% | 6.2% | $6,400 | $5,430 | $1,008,000 |
| Washington | Pacific | $3,800 | +2.4% | 3.2% | $3,540 | $980 | $608,000 |
| West Virginia | Appalachian | $3,640 | +3.4% | 4.3% | $4,400 | $2,400 | $582,400 |
| Wisconsin | Lake States | $6,700 | +4.4% | 4.4% | $7,600 | $3,500 | $1,072,000 |
| Wyoming | Mountain | $1,030 | +3.0% | 2.9% | $2,080 | $770 | $164,800 |
Dollars per acre. USDA does not survey Alaska or Hawaii for this report, so they have no row, and its U.S. averages ($4,500 farm real estate, $6,020 cropland, $2,000 pasture) leave them out. Arizona, Nevada, New Mexico and Utah exclude American Indian Reservation land. A state average is not an appraisal: county, soil, irrigation and buildings move a parcel's price.
Frequently Asked Questions
How much is an acre of farmland worth in the U.S.?
USDA's Land Values 2026 Summary puts the U.S. average farm real estate value, land and buildings together, at $4,500 an acre for 2026, up 3.4% from $4,350 in 2025. Cropland averaged $6,020 an acre and pasture $2,000. At the U.S. average, 160 acres comes to $720,000.
Which states have the most and least expensive farmland?
In 2026 the highest state averages were Rhode Island ($23,600), New Jersey ($17,000) and Massachusetts ($15,200), and the lowest New Mexico ($735), Wyoming ($1,030) and Nevada ($1,230). Tennessee rose the most from 2025 (+5.7%) and Connecticut and New Mexico the least (+1.4%). The table below lists all 48 states USDA surveys.
Is cropland worth more than pasture?
Almost everywhere: cropland's 2026 average is above pasture's in 45 of the 48 states, and the U.S. averages are $6,020 against $2,000. If your land is mostly one or the other, the cropland or pasture column of the table is a closer starting price than the farm real estate figure, which blends both with the buildings.
What cap rate should I expect on rented farmland?
With the starting figures (160 acres at $4,500, $150 rent and $20 of tax and insurance per acre) the cap rate is 2.9%. Land often trades at a low rent yield because buyers also count on the land rising in value; compare the cap rate with the appreciation rate you are willing to assume, not on its own. Rents come from your lease or a local survey: this USDA report does not publish them.
Does the calculator count a loan on the land?
No. It treats the purchase as paid in cash, so the cap rate and the total return describe the land itself, not the return on the cash you put down. If you borrow part of the price (from a Farm Credit System lender or through a USDA Farm Service Agency farm ownership loan, for example), the return on your own cash comes out higher when the land's cap rate is above the loan's interest rate and lower when it is below.
All Calculators
Iowa Farmland Value & Investment Calculator
Iowa farmland is worth $10,100/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
Kansas Farmland Value & Investment Calculator
Kansas farmland is worth $3,200/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
Michigan Farmland Value & Investment Calculator
Michigan farmland is worth $7,000/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
Missouri Farmland Value & Investment Calculator
Missouri farmland is worth $5,200/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
New York Farmland Value & Investment Calculator
New York farmland is worth $4,500/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
Ohio Farmland Value & Investment Calculator
Ohio farmland is worth $9,650/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
Pennsylvania Farmland Value & Investment Calculator
Pennsylvania farmland is worth $8,700/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
Vermont Farmland Value & Investment Calculator
Vermont farmland is worth $4,490/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.