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Farmland Values for Midwestern States

Revised
Land values

Ryan Milhollin
Assistant Extension Professor, Agricultural Business and Policy

The U.S. Department of Agriculture’s National Agricultural Statistics Service (USDA/NASS) conducts a survey of farm real estate values each year and calculates the average value per acre for each state. The following tables show these values for Missouri, neighboring states and the 48 contiguous states.

Table 1. 1912–1991 | Table 2. 1992 to present

Year 48 contiguous states Missouri Iowa Illinois
1912 42 53 104 115
1913 43 54 108 119
1914 44 56 113 123
1915 43 55 121 121
1916 46 58 137 124
1917 49 61 143 131
1918 53 66 155 140
1919 58 72 171 153
1920 69 88 227 188
1921 65 83 210 181
1922 57 71 174 149
1923 56 69 168 146
1924 54 63 155 137
1925 54 61 149 137
1926 52 57 142 130
1927 50 55 132 118
1928 49 54 129 114
1929 49 54 128 113
1930 49 53 124 109
1931 44 46 109 96
1932 37 39 89 79
1933 30 32 65 65
1934 31 33 70 70
1935 32 33 73 72
1936 32 34 79 75
1937 33 34 79 79
1938 33 33 80 81
1939 32 31 78 80
1940 32 32 79 82
1941 32 32 79 83
1942 34 35 84 94
1943 38 39 91 98
1944 43 43 105 113
1945 47 48 111 121
1946 53 53 124 134
1947 60 59 138 153
1948 64 60 154 162
1949 66 64 158 170
1950 65 64 161 174
1951 74 75 188 204
1952 82 85 199 221
1953 83 82 194 226
1954 82 79 192 230
1955 85 82 203 234
1956 90 87 209 248
1957 97 94 221 275
1958 103 102 230 283
1959 111 110 248 311
1960 117 115 257 316
1961 119 120 242 306
1962 125 127 251 315
1963 130 132 256 332
1964 138 145 265 349
1965 147 155 279 372
1966 158 168 310 420
1967 168 186 346 449
1968 179 200 365 470
1969 189 217 382 493
1970 196 224 392 490
1971 203 236 392 494
1972 219 261 414 522
1973 246 294 466 567
1974 302 384 597 720
1975 340 396 719 846
1976 397 456 920 1,062
1977 474 548 1,259 1,458
1978 531 641 1,331 1,625
1979 628 726 1,550 1,858
1980 737 902 1,840 2,041
1981 819 990 1999 2,188
1982 823 945 1,889 2,023
1983 788 856 1,684 1,837
1984 801 875 1,518 1,845
1985 713 689 1,091 1,381
1986 640 648 873 1,232
1987 599 604 786 1,149
1988 632 640 947 1,262
1989 668 684 1,095 1,391
1990 683 701 1,090 1,405
1991 703 723 1,139 1,459
Year 48 states Missouri Iowa Illinois Kentucky Tennessee Arkansas Oklahoma Kansas Nebraska
1992 713 734 1,153 1,536 988 1,130 815 482 460 517
1993 736 774 1,212 1,548 1,077 1,245 880 496 463 514
1994 798 825 1,280 1,670 1,140 1,250 927 517 503 550
1995 844 880 1,350 1,820 1,250 1,340 983 547 535 580
1996 887 950 1,450 1,900 1,300 1,530 1,010 547 553 610
1997 926 1,010 1,600 1,980 1,350 1,650 1,070 570 565 620
1998 974 1,070 1,700 2,130 1,450 1,810 1,150 610 577 645
1999 1,030 1,150 1,760 2,220 1,550 1,950 1,220 625 600 675
2000 1,090 1,230 1,800 2,260 1,650 2,100 1,290 640 625 710
2001 1,150 1,300 1,850 2,290 1,750 2,200 1,350 655 645 735
2002 1,210 1,380 1,920 2,350 1,830 2,300 1,410 680 665 760
2003 1,270 1,470 2,010 2,430 1,900 2,400 1,480 705 685 775
2004 1,340 1,560 2,200 2,560 1,980 2,470 1,640 750 700 810
2005 1,610 1,750 2,640 3,210 2,450 2,790 1,850 900 810 910
2006 1,830 1,910 2,910 3,590 2,670 2,970 2,000 970 870 1,030
2007 2,010 2,170 3,370 4,020 2,740 3,250 2,240 1,080 980 1,140
2008 2,170 2,300 3,950 4,550 2,850 3,450 2,420 1,150 1,020 1,330
2009 2,090 2,160 3,780 4,450 2,800 3,260 2,340 1,150 1,010 1,320
2010 2,150 2,270 4,350 4,720 2,780 3,460 2,400 1,200 1,060 1,470
2011 2,300 2,420 5,410 5,390 2,750 3,510 2,440 1,260 1,240 1,840
2012 2,520 2,710 6,530 6,210 2,840 3,520 2,620 1,370 1,510 2,420
2013 2,730 2,850 7,700 7,100 3,020 3,570 2,700 1,450 1,750 2,800
2014 2,940 3,050 8,320 7,480 3,210 3,620 2,830 1,550 2,060 3,100
2015 3,000 3,230 7,670 7,430 3,370 3,690 3,020 1,630 2,050 3,010
2016 2,990 3,220 7,370 7,300 3,540 3,770 3,000 1,690 1,910 2,890
2017 3,030 3,120 7,350 7,160 3,680 3,840 3,110 1,750 1,890 2,820
2018 3,100 3,380 7,270 7,280 3,770 3,920 3,160 1,800 1,850 2,750
2019 3,140 3,420 7,090 7,140 3,860 4,000 3,380 1,830 1,920 2,790
2020 3,130 3,430 6,870 7,110 4,000 4,120 3,470 1,810 1,820 2,670
2021 3,330 3,760 7,420 7,440 4,120 4,290 3,570 1,900 1,970 2,910
2022 3,720 4,230 8,880 8,220 4,520 4,740 3,800 2,070 2,420 3,450
2023 3,970 4,610 9,250 8,420 4,930 5,160 3,920 2,210 2,750 3,820
2024 4,170 4,800 9,420 8,700 5,300 5,710 4,110 2,400 2,970 4,080
2025 4,350 5,000 9,790 8,930 5,480 6,150 4,250 2,540 3,100 4,250
2026 4,500 5,200 10,100 9,250 5,600 6,500 4,350 2,620 3,200 4,400

Missouri county values

MU Extension publication G403, Missouri Farmland Values, reports average market value per acre of farmland and buildings for individual Missouri counties. This data is reported in the U.S. Census of Agriculture, which is conducted every five years. Methods for estimating land value in intervening years are documented in this publication.

Original author: Robert J. Bevins

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