USDA NASS 2018 Land Values for MT, WY & CO
Posted on: Sep 13, 2018
The USDA released their National Agricultural Statistics Service Land Values 2018 Summary in August. The report details farm real estate values, which include cropland and pasture values.
For the Mountain Region, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming, the farm real estate average value per acre is $1,140 / acre, up 0.9 percent from 2017. The blended figure represents a range of $4,200 / acre in Arizona to $530 / acre in New Mexico. Arizona values are largely driven by the value of irrigated cropland, which is at $8,450 / acre, up 0.6 percent from 2017. The New Mexico figure consists of cropland and also pasture rangeland, which is valued at $370 / acre, up 2.8 percent from 2017.
Broken out, cropland values were above pasture values on average in Montana, Wyoming, and Colorado. For the most part the values represented an increase or no change from 2017.
In Montana cropland is valued at $1,030 / acre, a 1.0 percent change from 2017. This break down between irrigated and non-irrigated is $3,000 / acre for irrigated land an $840 / acre for no-irrigated cropland.
In Wyoming cropland is higher than Montana at $1,350 / acre, though this figure represented no change from 2017. Between irrigated and non-irrigated cropland, values ranged from $2,170 / acre to $760 / acre, respectively.
In Colorado cropland is valued at $1,910 / acre, a decrease of half a percent from 2017. In Colorado, irrigated cropland is valued at $4,600 / acre whereas non-irrigated cropland is valued at $1,250 / acre.
Pastureland across the Mountain Region averages $634 / acre. In Montana pastureland is valued $670 / acre, a 1.5% percent change from 2017. Both Wyoming and Colorado experienced no change from 2017, coming in at $510 / acre and $760 / acre, respectively.
For more, read the full report.
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