The National Agricultural Statistical Service (NASS) released their annual Land Value report which showed the US farm real estate value decreased 0.3% over 2015. In the Delta States, cropland values increased from a year ago. Arkansas irrigated increased 3.2% to $3,200/ac and non-irrigated cropland values increased 2.6% to $1,950/acre. Louisiana irrigated cropland values increased 6.3% to $2,550/ac while non-irrigated cropland values increased 4.7% to $2,650/ac. Mississippi irrigated cropland values increased 4.0% to $3,150/ac while non-irrigated cropland values increased 1.7% to $2,460/ac. Missouri irrigated cropland values decreased 0.6% to $5,100/ac while non-irrigated cropland values decreased -1.1% to $3,660/ac. Tennessee cropland values increased 3.7% to $3,600/ac.
Overall prices in the Delta region are steady compared to other prominent cropland areas such as the Corn Belt and Northern Plains.
To view the full USDA report click here (pdf).