USDA publishes land values report for Northeastern U.S.
Aug. 9, 2021 - The U.S. Department of Agriculture recently published an updated Land Values Report for the Northeastern United States. The report shows a wide disparity of farmland real estate values from state-to-state. For example, the average value (per acre) of farmland in New Jersey in 2021 is $14,400 while in neighboring New York State the average value is only $3,270.
Farmland real estate values (2021) in other Northeastern states include:
New Hampshire $5,050
Rhode Island $16,400
The value of farmland in Massachusetts went up 21% over the past year according to the USDA report, while in Maine it only went up 4%.
The complete report, which includes values for cropland and pastureland, can be found here (PDF file):