The U.S. Department of Agriculture’s National Agricultural Statistics Service recently released its 2025 Land Values Summary. The U.S. farm real estate value, which measures the value of all land and buildings on farms, averaged $4,350 per acre for 2025. That’s up $180 per acre, or 4.3 percent, compared to 2024. California remains the most expensive state in the country, with farmland real estate valued at $13,700 per acre, which is up 2.2 percent from last year.
The U.S. cropland value averaged $5,830 per acre, an increase of $260 per acre, or 4.7 percent, from the prior year. This marks a significant rise from 2011, when the average cropland value stood at $2,980 per acre. California’s cropland value now sits at $17,940, up 3.6 percent from 2024, while Iowa’s cropland averaged $10,300 an acre, a 5.1 percent increase from last year.
The value of pasture land also increased, with the U.S. average reaching $1,920 per acre. That’s an increase of $90 per acre, or 4.9 percent, from 2024.
