USDA to Measure Agricultural Land Values
The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) is encouraging agricultural operations to respond to the New England Agricultural Land Values Survey.
Agricultural land values are one of the major indicators of the financial health of the agricultural sector. The value of land and buildings accounts for the vast majority of all farm assets. Accurate land values are necessary for Federal and State deliberations on farm programs, for lending agencies (e.g. determining collateral assets), and for individual producers to determine their net worth.
This survey collects agricultural farmland values, cropland and pasture values on a per-acre basis (excluding buildings), and year-to-year percentage changes in land values. This data will be summarized in conjunction with June Area survey results to maximize precision of aggregate data.
NASS will publish the results in the August 2, 2018 Land Values publication. The publication will be available on the USDA-NASS website.