Ag stats: Mountain states 2018 land value and cash rent report

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Published Wednesday, August 7, 2019

ARIZONA 

The 2019 Arizona average farmland real estate value, a measurement of the value of all land and buildings on farms, was $3,800 per acre. This is an increase of 0.5 percent from 2018 and 0.8 percent from 2017. The average value of cropland and irrigated cropland was $7,600, down 0.1 percent from 2018. Pasture values were not published for Arizona to avoid disclosing data for individual operations. 

Average cash rent for irrigated cropland in Arizona was $249.00 per acre in 2019. Average cash rent for pasture was $2.00 per acre in 2019. 

COLORADO 

The 2019 Colorado average farmland real estate value, a measurement of the value of all land and buildings on farms, was $1,570 per acre. This is an increase of 0.6 percent from 2018 and 1.9 percent from 2017. The average value of cropland was $2,160, up 2.9 percent from 2018. The average value of irrigated cropland was $5,100, up 1.0 percent from the previous year, and the average value of non-irrigated cropland was $1,370, unchanged from the previous year. Pasture values were up 1.2 percent from 2018 at $845 per acre. 

Average cash rent for irrigated cropland in Colorado was $151.00 per acre in 2019. Average cash rent for non-irrigated cropland was $29.00 per acre in 2019. Average cash rent for pasture was $6.10 per acre in 2019. 

MONTANA 

The 2019 Montana average farmland real estate value, a measurement of the value of all land and buildings on farms, was $915 per acre. This is a decrease of 0.1 percent from 2018 and 0.2 percent from 2017. The average value of cropland was $1,040, up 2.0 percent from 2018. The average value of irrigated cropland was $3,010, up 0.7 percent from the previous year, and the average value of non-irrigated cropland was $835, down 0.1 percent from the previous year. Pasture values were up 1.9 percent from 2018 at $680 per acre. 

Average cash rent for irrigated cropland in Montana was $82.00 per acre in 2019. Average cash rent for non-irrigated cropland was $27.00 per acre in 2019. Average cash rent for pasture was $6.60 per acre in 2019.

NEW MEXICO 

The 2019 New Mexico average farmland real estate value, a measurement of the value of all land and buildings on farms, was $570 per acre. This is an increase of 0.9 percent from 2018 and 2.2 percent from 2017. The average value of cropland was $1,550, down 1.9 percent from 2018. The average value of irrigated cropland was $4,190, unchanged from the previous year, and the average value of non-irrigated cropland was $475, up 1.3 percent from the previous year. Pasture values were up 5.8 percent from 2018 at $417 per acre. 

Average cash rent for irrigated cropland in New Mexico was $136.00 per acre in 2019. Average cash rent for non-irrigated cropland was $17.50 per acre in 2019. Average cash rent for pasture was $2.80 per acre in 2019. 

UTAH 

The 2019 Utah average farmland real estate value, a measurement of the value of all land and buildings on farms, was $2,420 per acre. This is an increase of 4.8 percent from 2018 and 8.5 percent from 2017. The average value of cropland was $3,970, up 3.7 percent from 2018. The average value of irrigated cropland was $6,360, up 3.2 percent from the previous year, and the average value of non-irrigated cropland was $1,400, up 6.1 percent from the previous year. Pasture values were up 6.9 percent from 2018 at $1,240 per acre. 

Average cash rent for irrigated cropland in Utah was $108.00 per acre in 2019. Average cash rent for non-irrigated cropland was $24.00 per acre in 2019. Average cash rent for pasture was $4.30 per acre in 2019. 

WYOMING 

The 2019 Wyoming average farmland real estate value, a measurement of the value of all land and buildings on farms, was $740 per acre. This is an increase of 1.9 percent from 2018 and 3.9 percent from 2017. The average value of cropland was $1,520, up 2.0 percent from 2018. The average value of irrigated cropland was $2,430, up 1.7 percent from the previous year, and the average value of non-irrigated cropland was $840, up 0.5 percent from the previous year. Pasture values were up 2.5 percent from 2018 at $575 per acre. 

Average cash rent for irrigated cropland in Wyoming was $81.00 per acre in 2019. Average cash rent for non-irrigated cropland was $16.00 per acre in 2019. Average cash rent for pasture was $4.40 per acre in 2019. 

UNITED STATES 

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018. 

Average cash rent for irrigated cropland in the United States was $220.00 per acre in 2019, $5.00 more than the previous year. Average cash rent for non-irrigated cropland in the United States was $127.00 per acre in 2019, up $2.00 from the previous year. Cash rent for pasture in 2019 averaged $13.00 per acre, up $0.50 from the previous year.

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