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Farmland Values for Missouri Counties

Ronald L. Plain
MU Extension Economist
Department of Agricultural and Applied Economics
Joyce White
Project Coordinator
Department of Agricultural and Applied Economics

The U.S. Department of Agriculture’s National Agricultural Statistics Service (USDA/NASS) collects information on the market value of agricultural land and buildings through two different procedures: the Census of Agriculture conducted every four to five years and an annual survey.

Land valuesThe table in this guide contains state and county values for Missouri land and buildings from every U.S. Census of Agriculture since 1959. The Census of Agriculture data is gathered through a complex sampling procedure that has varied through the years. In general, these values have been obtained by mail using a special version of the standard U.S. census form for farms that meet certain criteria.

USDA/NASS’s annual survey uses a different sampling method and does not provide county-level data. This annual survey is conducted through personal contact with every farm operator within select segments of each state. Surveyors also contact select Realtors and others who have direct knowledge of land sales in the state. The statisticians responsible for this survey compare their data with the census data to see that the figures maintain a uniform historical relationship. Annual land values for Missouri and surrounding states can be found in MU Extension publication G404, Farm Land Values.

County values for intervening years

For years in which the census was not conducted, county values may be estimated using the information in the following table. Two methods of calculation are possible. The first is simple interpolation, using two known values to estimate the unknown value. For example, land in Adair County was worth $168 per acre in 1969 and $299 per acre in 1974, for an increase of $131 during this five-year period, or an average increase of $26.20 per year. Therefore, one could estimate that Adair County farmland was worth $194.20 per acre in 1970 ($168 + $26.20), $220.40 in 1971 ($168 + $26.20 + $26.20), and so on.

The second, and more accurate, approach is to adjust county values using Missouri figures from the USDA’s annual survey (reported in MU Extension publication G404). For example, the state average value for farmland in Missouri was $217 per acre in 1969, $224 per acre in 1970, $236 per acre in 1971, and $384 per acre in 1974. Of the $167 increase between 1969 and 1974, $7, or 4.19 percent, occurred between 1969 and 1970.

One-year increase = $224 (in 1970) – $217 (in 1969) = $7

One-year increase ÷ Five-year increase × 100 = Percentage of five-year increase

$7 ÷ $167 × 100 = 4.19%

Multiplying the 4.19 percent one-year Missouri increase by the $131 per acre five-year increase of Adair County gives a one-year increase for Adair County of $5.49 per acre.

4.19% × $131 = $5.49 per acre

Therefore, the estimated value for Adair County in 1970 would be $173.49 per acre.

$168 + $5.49 = $173.49 per acre

Using the same procedure, the estimated value of Adair County farmland in 1971 would be $182.90 per acre ($19 increase in Missouri land value in the first two years of the five-year period ÷ $167 five-year increase × 100 × Adair County’s five-year increase of $131 = $14.90 per acre increase; Adair County’s value in 1969 of $168 + $14.90 = $182.90 per acre estimated 1971 value).

Two-year increase = $236 (in 1971) – $217 (in 1969) = $19

Two-year increase ÷ Five-year increase × 100 = Percentage of five-year increase

$19 ÷ 167 × 100 = 11.377%

Percentage of five-year increase × County’s five-year increase (in dollars) = Dollars per acre increase

11.377% × $131 = $14.90 per acre increase

Value in earlier year + Per acre increase = Estimated value per acre

$168 + $14.90 = $182.90 per acre

Using this data

Occasionally, the value of a specific piece of property at some time in the past may need to be determined. MU Extension publication G404, Farm Land Values, describes a method of calculating past property value, for which the county data in the following table is important.

Table 1
Market value of farm land and buildings for Missouri counties, average per acre.

County 1969 1974 1978 1982 1987 1992 1997 2002 2007 2012
Adair $168 $299 $511 $635 $418 $454 $650 $1,012 $1,862 $2,453
Andrew $279 $498 $817 $958 $664 $775 $1,174 $1,838 $2,421 $3,558
Atchison $315 $548 $1,004 $941 $680 $775 $1,119 $1,642 $2,452 $4,862
Audrain $283 $500 $1,001 $1,066 $686 $802 $1,193 $1,601 $2,609 $3,822
Barry $178 $377 $620 $879 $752 $829 $1,309 $1,678 $2,582 $2,538
Barton $186 $360 $694 $824 $486 $625 $776 $1,000 $1,858 $2,105
Bates $227 $384 $651 $694 $485 $611 $942 $1,199 $1,955 $2,268
Benton $139 $264 $472 $680 $457 $568 $918 $1,115 $1,901 $2,090
Bollinger $136 $281 $532 $672 $596 $626 $1,008 $1,292 $1,873 $2,014
Boone $285 $509 $907 $958 $794 $1,036 $1,599 $2,544 $2,805 $3,644
Buchanan $295 $499 $980 $1,009 $792 $887 $1,217 $1,790 $2,702 $3,451
Butler $260 $498 $890 $991 $758 $929 $1,191 $1,499 $2,266 $3,184
Caldwell $219 $393 $674 $804 $540 $581 $886 $1,369 $1,999 $2,275
Callaway $194 $383 $762 $952 $624 $817 $1,217 $1,780 $2,548 $3,267
Camden $91 $208 $487 $563 $474 $524 $782 $1,254 $1,858 $2,176
Cape Girardeau $233 $410 $859 $1,100 $823 $1,046 $1,361 $1,891 $2,540 $3,133
Carroll $262 $437 $795 $911 $648 $792 $967 $1,295 $2,114 $3,134
Carter $87 $176 $419 $538 $463 $540 $790 $1,048 $1,630 $1,663
Cass $357 $552 $931 $1,091 $903 $1,178 $1,517 $1,844 $2,839 $3,318
Cedar $141 $289 $492 $685 $478 $568 $890 $1,146 $1,823 $1,822
Chariton $257 $397 $786 $938 $585 $721 $996 $1,333 $1,969 $2,973
Christian $220 $455 $686 $889 $882 $1,259 $1,760 $2,387 $2,785 $3,124
Clark $201 $366 $747 $774 $554 $603 $813 $1,165 $1,971 $2,654
Clay $487 $776 $1,287 $1,476 $1,050 $1,329 $1,825 $3,392 $2,850 $4,282
Clinton $296 $561 $866 $950 $725 $796 $1,254 $1,541 $2,330 $3,427
Cole $160 $346 $558 $822 $691 $862 $1,154 $1,974 $2,410 $2,913
Cooper $206 $340 $669 $729 $525 $707 $941 $1,332 $2,226 $2,841
Crawford $146 $298 $453 $538 $560 $674 $902 $1,247 $1,859 $2,080
Dade $174 $321 $568 $684 $486 $600 $903 $1,277 $1,819 $2,192
Dallas $151 $303 $522 $707 $625 $675 $1,152 $1,396 $2,223 $2,326
Daviess $208 $388 $691 $861 $522 $597 $717 $1,176 $1,937 $2,784
DeKalb $268 $449 $706 $879 $512 $573 $882 $1,139 $1,958 $2,817
Dent $96 $224 $336 $464 $450 $526 $746 $991 $1,683 $1,602
Douglas $100 $244 $445 $578 $537 $595 $781 $1,071 $1,845 $1,624
Dunklin $422 $590 $1,112 $1,273 $960 $1,100 $1,486 $1,936 $2,472 $3,770
Franklin $248 $482 $750 $1,070 $958 $1,182 $1,624 $2,431 $2,992 $3,722
Gasconade $139 $260 $477 $590 $637 $756 $1,045 $1,586 $2,205 $2,451
Gentry $196 $358 $657 $728 $522 $551 $776 $1,156 $1,869 $2,636
Greene $322 $586 $939 $1,203 $1,298 $1,366 $2,206 $3,299 $3,277 $3,683
Grundy $223 $404 $750 $1,042 $528 $657 $727 $1,024 $1,861 $2,303
Harrison $162 $323 $575 $707 $435 $496 $635 $951 $1,837 $2,494
Henry $224 $389 $707 $746 $553 $652 $831 $1,209 $1,803 $2,124
Hickory $135 $264 $416 $543 $504 $514 $696 $1,082 $1,562 $1,941
Holt $290 $543 $981 $1,109 $716 $919 $1,040 $1,491 $2,452 $3,799
Howard $212 $365 $709 $754 $558 $723 $1,046 $1,334 $2,109 $2,537
Howell $124 $272 $481 $664 $528 $623 $975 $1,372 $1,734 $1,883
Iron $126 $275 $489 $582 $453 $585 $936 $1,332 $1,708 $1,610
Jackson $551 $838 $1,251 $1,568 $1,396 $1,763 $2,122 $3,675 $3,266 $4,037
Jasper $247 $441 $718 $861 $684 $821 $1,196 $1,494 $2,210 $2,337
Jefferson $293 $570 $859 $1,176 $1,022 $1,441 $2,021 $2,635 $3,080 $3,407
Johnson $235 $445 $768 $954 $736 $802 $1,112 $1,693 $2,227 $2,645
Knox $193 $368 $744 $783 $483 $552 $796 $1,391 $1,897 $2,981
Laclede $142 $301 $474 $637 $558 $710 $920 $1,377 $1,928 $2,200
Lafayette $319 $620 $985 $1,081 $835 $992 $1,421 $1,831 $2,705 $4,225
Lawrence $212 $440 $725 $906 $763 $873 $1,277 $1,777 $2,467 $2,562
Lewis $204 $391 $775 $807 $496 $604 $879 $1,106 $2,131 $2,894
Lincoln $294 $495 $916 $1,135 $962 $1,145 $1,654 $2,172 $3,135 $3,900
Linn $189 $428 $699 $793 $455 $546 $684 $1,005 $1,826 $2,416
Livingston $217 $404 $729 $892 $516 $793 $876 $1,285 $2,025 $2,916
McDonald $193 $342 $696 $775 $757 $885 $1,256 $2,029 $2,370 $2,477
Macon $158 $293 $602 $682 $466 $523 $676 $1,072 $1,792 $1,840
Madison $115 $229 $437 $535 $455 $619 $707 $973 $1,710 $1,951
Maries $87 $216 $368 $498 $418 $474 $735 $1,032 $1,704 $3,561
Marion $249 $408 $753 $971 $606 $781 $1,025 $1,226 $2,231 $2,314
Mercer $150 $292 $592 $614 $430 $550 $882 $5,358 $1,811 $2,219
Miller $112 $241 $465 $561 $523 $623 $874 $1,479 $1,966 $2,221
Mississippi $400 $526 $1,132 $1,380 $1,020 $1,267 $1,591 $1,855 $2,365 $4,153
Moniteau $174 $321 $564 $727 $546 $689 $931 $1,380 $2,375 $2,698
Monroe $220 $400 $844 $881 $567 $667 $901 $1,183 $2,264 $3,125
Montgomery $260 $469 $749 $1,001 $699 $900 $1,174 $1,639 $2,850 $3,453
Morgan $148 $304 $582 $644 $535 $570 $1,001 $1,553 $2,216 $2,646
New Madrid $479 $566 $1,156 $1,384 $942 $1,148 $1,462 $1,837 $2,425 $4,435
Newton $209 $438 $736 $989 $730 $969 $1,352 $1,760 $2,623 $2,577
Nodaway $256 $442 $921 $868 $562 $689 $845 $1,195 $2,102 $3,251
Oregon $102 $238 $385 $547 $413 $569 $816 $1,004 $1,706 $1,556
Osage $104 $250 $402 $500 $480 $553 $919 $1,400 $1,938 $2,047
Ozark $88 $211 $397 $508 $567 $529 $724 $1,366 $1,705 $1,624
Pemiscot $481 $567 $1,064 $1,409 $937 $1,059 $1,383 $1,772 $2,161 $3,618
Perry $208 $341 $773 $866 $705 $801 $1,083 $1,487 $2,175 $2,673
Pettis $238 $408 $772 $832 $610 $754 $996 $1,388 $2,365 $2,736
Phelps $136 $256 $396 $641 $546 $637 $867 $1,519 $2,065 $2,301
Pike $221 $424 $911 $925 $626 $796 $1,184 $1,618 $2,368 $3,461
Platte $441 $669 $1,191 $1,147 $902 $1,178 $1,874 $2,306 $2,843 $3,888
Polk $182 $363 $588 $761 $640 $724 $1,221 $1,409 $2,165 $2,066
Pulaski $101 $222 $338 $503 $462 $494 $731 $1,310 $1,862 $1,948
Putnam $135 $248 $492 $544 $367 $404 $599 $866 $1,725 $2,063
Ralls $255 $391 $813 $912 $634 $789 $1,061 $1,437 $2,373 $3,210
Randolph $209 $355 $733 $897 $554 $604 $887 $1,174 $2,033 $2,630
Ray $280 $465 $843 $1,006 $713 $886 $1,275 $1,490 $2,200 $2,730
Reynolds $101 $204 $411 $502 $369 $714 $599 $1,048 $1,424 $1,463
Ripley $129 $262 $495 $618 $568 $579 $795 $1,016 $1,729 $1,794
St. Charles $462 $724 $1,193 $1,700 $1,542 $2,097 $2,664 $3,991 $3,271 $4,240
St. Clair $161 $320 $587 $660 $442 $509 $724 $1,018 $1,787 $1,656
St. Francois $175 $365 $730 $785 $805 $1,026 $1,254 $2,033 $2,636 $2,513
St. Louis $917 $1,094 $1,785 $3,213 $2,259 $2,152 $2,789 $3,627 $3,686 $4,128
Ste. Genevieve $162 $325 $633 $757 $717 $827 $1,102 $1,466 $2,168 $2,305
Saline $294 $509 $915 $1,094 $815 $861 $1,214 $1,368 $2,209 $4,023
Schuyler $162 $282 $581 $618 $367 $401 $624 $811 $1,700 $2,226
Scotland $180 $356 $730 $742 $470 $615 $769 $1,122 $1,965 $2,936
Scott $345 $479 $1,029 $1,308 $834 $1,088 $1,337 $1,745 $2,585 $4,077
Shannon $120 $207 $440 $489 $411 $483 $588 $1,052 $1,756 $1,670
Shelby $215 $369 $782 $812 $543 $611 $912 $1,187 $2,073 $3,552
Stoddard $339 $482 $1,058 $1,322 $940 $1,209 $1,566 $2,048 $2,369 $4,392
Stone $191 $339 $602 $696 $578 $815 $1,273 $1,927 $2,465 $2,369
Sullivan $133 $290 $529 $635 $354 $440 $664 $814 $1,566 $1,858
Taney $114 $252 $417 $487 $471 $613 $1,148 $1,728 $1,902 $1,961
Texas $107 $231 $429 $538 $443 $585 $758 $1,027 $1,737 $1,641
Vernon $182 $317 $663 $689 $474 $652 $883 $1,105 $1,842 $2,156
Warren $259 $515 $1,033 $1,267 $973 $1,584 $1,766 $2,312 $3,324 $3,880
Washington $129 $266 $401 $491 $525 $665 $804 $1,477 $1,864 $1,919
Wayne $103 $214 $421 $591 $453 $537 $780 $1,034 $1,706 $1,527
Webster $173 $364 $602 $701 $656 $805 $1,192 $1,722 $2,613 $2,612
Worth $201 $292 $709 $611 $448 $542 $552 $916 $1,635 $2,254
Wright $108 $290 $477 $592 $510 $654 $881 $1,259 $1,811 $1,797
Missouri
average
$224 $396 $723 $856 $640 $774 $1,069 $1,508 $2,179 $2,791
Source: U.S. Census of Agriculture.
* St Louis City and County are included in 1959 and 1964; all other years are county only.

G403, revised May 2014


G403 Farm Land Values for Missouri Counties | University of Missouri Extension