The National Agricultural Statistical Service (NASS) released their annual Land Value report which showed the US farm real estate value increased 2.4% over 2014. In the Delta States, cropland values also increased from a year ago. Arkansas irrigated and non-irrigated cropland values increased 3.3% to $3,100/ac and $1,900/acre, respectively. Louisiana irrigated cropland values increased 5.7% to $2,400/ac while non-irrigated cropland values increased 4.6% to $2,530/ac. Mississippi irrigated cropland values increased 3.4% to $3,100/ac while non-irrigated cropland values increased 1.3% to $2,420/ac. Missouri irrigated cropland values increased 8.0% to $5,130/ac while non-irrigated cropland values decreased -0.8% to $3,700/ac. Tennessee cropland values increased 3.1% to $3,500/ac. Overall prices in the Delta region are steady although the divergence between irrigated and non-irrigated continues to increase.
To view the full USDA report click here (pdf).