USDA NASS Regional Release

USDA NASS Colorado Land Values and Cash Rents Report

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 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.

For a full copy of the Land Values and Cash Rents reports please visit http://www.nass.usda.gov. For state specific questions please contact:

  • Arizona – Dave DeWalt 1-800-645-7286
  • New Mexico – Longino Bustillos 1-800-530-8810
  • Colorado – William R. Meyer 1-800-392-3202
  • Utah – John Hilton 1-800-747-8522
  • Montana – Eric Sommer 1-800-835-2612
  • Wyoming – Rhonda Brandt 1-800-892-1660

SOURCE

By Brian Allmer - The BARN

Brian Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.