Cropland Value Increasing – Impacting Food Costs

The average value of U.S. cropland (irrigated and non-irrigated) was $5,050 per acre in 2022, increasing 14.3% from 2021.From 2008 to 2022, cropland value increased 83%. For U.S. pasture land, the average value in 2022 was $1,650 per acre, a $170 increase over 2021 and a 51% increase since 2008.

Source: NASS / USDA