The U.S. Department of Agriculture (USDA) has released its annual Land Values Report, indicating a notable rise in the value of agricultural lands across the United States.
The report reveals a 5% increase in agricultural real estate values, setting a new record at $4,170 per acre. Specifically, cropland values have increased by 4.7% to $5,570 per acre, while pastureland has seen a 5.2% rise to $1,830 per acre.