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Northeast Farm Real Estate, Cropland Prices Up
Pennsylvania Ag Connection - 08/08/2018

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,140 per acre for 2018, up $60 per acre (1.9 percent) from 2017 values. In the Northeastern Region, the overall value increased by $50 per acre (1.0 percent) from last year. Changes from 2017 among publishable states ranged from a 2.3 percent decrease in Maine to a 2.4 percent increase in Delaware.

The United States cropland value averaged $4,130 per acre, an increase of $40 per acre from the previous year. In the Northeastern Region, the overall value increased by $130 per acre (2.4 percent) from last year. Changes from 2017 among publishable states ranged from a 0.8 percent decrease in New Jersey to a 4.3 percent increase in Pennsylvania.

The United States pasture value increased by $40 per acre (3.0 percent) from 2017 values. In the Northeastern Region, the overall value increased by $60 per acre (1.8 percent) from last year. Changes from 2017 among publishable states ranged from a 1.8 percent increase in Pennsylvania to a 3.6 percent increase in New York.

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