University of Maryland Extension

Maryland Farmland Values

Author: 
Paul Goeringer

         A while back I posted about cash rent values in Maryland and Delaware in 2014.  Today I want to continue that theme, looking at land values in Maryland and Delaware in 2013. 

            Each year USDA’s National Ag Statistics Service (NASS) surveys farms to get land value information on cropland and pastureland.  The survey also takes into account an estimated value of all land and buildings.  NASS compares the survey results to the previous year’s results to determine the estimated percent change.

   Nationally, the value of all U.S. farmland increased from 2013-14 (table 1).  For cropland, the value increased by 7.6 percent ($290) per acre in 2013 from 2012.  Nationally, average cropland values have only decreased in 1 year (2009) in the past 15 years.  Pastureland also increased in value by 11.1 percent, or $130/acre in 2014.  Nationally, pastureland has decreased in the past 15 years.  Farm real estate value, a measurement of all land and buildings on farms, rose 8.1 percent per acre, or by $2,950 in 2014.  As with cropland, the U.S. average farm real estate value has only decreased during one period over the past 15 years.

To see the tables and how Maryland compared to the national averages, click here.

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