Introduction
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. Farm real estate (land and buildings) average value per acre, 1912–1991.
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 | $75 | $75 | $188 | $204 |
1952 | $82 | $85 | $199 | $221 |
1953 | $83 | $82 | $194 | $226 |
1954 | $82 | $79 | $192 | $230 |
1955 | $85 | $82 | $203 | $234 |
1956 | $91 | $87 | $209 | $248 |
1957 | $97 | $94 | $221 | $275 |
1958 | $103 | $102 | $230 | $283 |
1959 | $111 | $110 | $248 | $311 |
1960 | $117 | $115 | $257 | $316 |
1961 | $118 | $120 | $242 | $306 |
1962 | $124 | $127 | $251 | $315 |
1963 | $130 | $132 | $256 | $332 |
1964 | $138 | $145 | $265 | $349 |
1965 | $146 | $155 | $279 | $372 |
1966 | $158 | $168 | $310 | $420 |
1967 | $168 | $186 | $346 | $449 |
1968 | $179 | $200 | $365 | $470 |
1969 | $188 | $217 | $382 | $493 |
1970 | $196 | $224 | $392 | $490 |
1971 | $204 | $236 | $392 | $494 |
1972 | $219 | $261 | $414 | $522 |
1973 | $246 | $294 | $466 | $567 |
1974 | $302 | $384 | $597 | $720 |
1975 | $340 | $396 | $719 | $846 |
1976 | $385 | $446 | $903 | $1,052 |
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 | Year | 48 states | Missouri | Iowa | Illinois | |
---|---|---|---|---|---|---|---|---|---|---|
1912 | $42 | $53 | $104 | $115 | 1952 | $82 | $85 | $199 | $221 | |
1913 | $43 | $54 | $108 | $119 | 1953 | $83 | $82 | $194 | $226 | |
1914 | $44 | $56 | $113 | $123 | 1954 | $82 | $79 | $192 | $230 | |
1915 | $43 | $55 | $121 | $121 | 1955 | $85 | $82 | $203 | $234 | |
1916 | $46 | $58 | $137 | $124 | 1956 | $91 | $87 | $209 | $248 | |
1917 | $49 | $61 | $143 | $131 | 1957 | $97 | $94 | $221 | $275 | |
1918 | $53 | $66 | $155 | $140 | 1958 | $103 | $102 | $230 | $283 | |
1919 | $58 | $72 | $171 | $153 | 1959 | $111 | $110 | $248 | $311 | |
1920 | $69 | $88 | $227 | $188 | 1960 | $117 | $115 | $257 | $316 | |
1921 | $65 | $83 | $210 | $181 | 1961 | $118 | $120 | $242 | $306 | |
1922 | $57 | $71 | $174 | $149 | 1962 | $124 | $127 | $251 | $315 | |
1923 | $56 | $69 | $168 | $146 | 1963 | $130 | $132 | $256 | $332 | |
1924 | $54 | $63 | $155 | $137 | 1964 | $138 | $145 | $265 | $349 | |
1925 | $54 | $61 | $149 | $137 | 1965 | $146 | $155 | $279 | $372 | |
1926 | $52 | $57 | $142 | $130 | 1966 | $158 | $168 | $310 | $420 | |
1927 | $50 | $55 | $132 | $118 | 1967 | $168 | $186 | $346 | $449 | |
1928 | $49 | $54 | $129 | $114 | 1968 | $179 | $200 | $365 | $470 | |
1929 | $49 | $54 | $128 | $113 | 1969 | $188 | $217 | $382 | $493 | |
1930 | $49 | $53 | $124 | $109 | 1970 | $196 | $224 | $392 | $490 | |
1931 | $44 | $46 | $109 | $96 | 1971 | $204 | $236 | $392 | $494 | |
1932 | $37 | $39 | $89 | $79 | 1972 | $219 | $261 | $414 | $522 | |
1933 | $30 | $32 | $65 | $65 | 1973 | $246 | $294 | $466 | $567 | |
1934 | $31 | $33 | $70 | $70 | 1974 | $302 | $384 | $597 | $720 | |
1935 | $32 | $33 | $73 | $72 | 1975 | $340 | $396 | $719 | $846 | |
1936 | $32 | $34 | $79 | $75 | 1976 | $385 | $446 | $903 | $1,052 | |
1937 | $33 | $34 | $79 | $79 | 1977 | $474 | $548 | $1,259 | $1,458 | |
1938 | $33 | $33 | $80 | $81 | 1978 | $531 | $641 | $1,331 | $1,625 | |
1939 | $32 | $31 | $78 | $80 | 1979 | $628 | $726 | $1,550 | $1,858 | |
1940 | $32 | $32 | $79 | $82 | 1980 | $737 | $902 | $1,840 | $2,041 | |
1941 | $32 | $32 | $79 | $83 | 1981 | $819 | $990 | $1999 | $2,188 | |
1942 | $34 | $35 | $84 | $94 | 1982 | $823 | $945 | $1,889 | $2,023 | |
1943 | $38 | $39 | $91 | $98 | 1983 | $788 | $856 | $1,684 | $1,837 | |
1944 | $43 | $43 | $105 | $113 | 1984 | $801 | $875 | $1,518 | $1,845 | |
1945 | $47 | $48 | $111 | $121 | 1985 | $713 | $689 | $1,091 | $1,381 | |
1946 | $53 | $53 | $124 | $134 | 1986 | $640 | $648 | $873 | $1,232 | |
1947 | $60 | $59 | $138 | $153 | 1987 | $599 | $604 | $786 | $1,149 | |
1948 | $64 | $60 | $154 | $162 | 1988 | $632 | $640 | $947 | $1,262 | |
1949 | $66 | $64 | $158 | $170 | 1989 | $668 | $684 | $1,095 | $1,391 | |
1950 | $65 | $64 | $161 | $174 | 1990 | 683 | 701 | 1,090 | 1,405 | |
1951 | $75 | $75 | $188 | $204 | 1991 | 703 | 723 | 1,139 | 1,459 |
Table 2. Farm real estate (land and buildings) average value per acre, 1992 to present.
Year | 48 states | Missouri | Iowa | Illinois | Kentucky | Tennessee | Arkansas | Oklahoma | Kansas | Nebraska |
---|---|---|---|---|---|---|---|---|---|---|
1992 | $713 | $734 | $1,153 | $1,536 | $998 | $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 |
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