GITNUX MARKETDATA REPORT 2024

Statistics About The Average Acre Cost

The average acre cost varies widely across regions, with rural land typically priced lower than urban land.

Last Updated: June 23, 2024

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In this post, we will explore the average acre costs for various types of land across different regions in 2020 and 2021. From timberland in Georgia to farmland in the UK, these statistics provide valuable insights into the real estate market for agricultural and natural resource properties. Understanding these average costs can offer important context for investors, farmers, and policymakers alike.

Statistic 1

"Average timberland cost per acre in Georgia was $3,000 in 2021."

Statistic 2

"Oregons irrigated cropland averaged $9,000 per acre in 2021."

Statistic 3

"The average cost of cropland in Kansas was $2,200 per acre in 2021."

Statistic 4

"Farmland in Nebraska had an average cost of $3,100 per acre in 2020."

Statistic 5

"In Queensland, Australia, the average price of agricultural land soared to AUD 5,400 per hectare in 2020."

Statistic 6

"Alfalfa cropland in Idaho had an average value of $6,000 per acre in 2021."

Statistic 7

"Average cropland value in Arkansas was $2,850 per acre in 2021."

Statistic 8

"Farmland in the UK had an average cost of £7,500 per acre in 2021."

Statistic 9

"The average value of farmland per acre in Indiana was $7,000 in 2021."

Statistic 10

"The average value of farmland per acre in Ohio reached $6,000 in 2021."

Statistic 11

"North Dakota’s average cropland value per acre was $2,030 in 2022."

Statistic 12

"In 2022, the average cost of farmland per acre in the United States was $3,800."

Statistic 13

"Pastureland in Texas averaged $2,100 per acre in 2020."

Statistic 14

"The average cost of cropland per acre in Iowa reached $9,000 in 2021."

Statistic 15

"On average, pastureland in Kentucky costs $2,600 per acre as of 2021."

Statistic 16

"In 2021, the average value of cropland in Illinois was $7,600 per acre."

Statistic 17

"Average pastureland value in Florida was $4,700 per acre in 2021."

Statistic 18

"Minnesota saw an average farmland cost of $4,850 per acre in 2022."

Statistic 19

"The average cost of irrigated cropland in California was $12,000 per acre in 2021."

Statistic 20

"The national average value of farmland per acre in Canada stands at CAD 3,245 in 2022."

In conclusion, the average acre cost varies significantly across different regions and types of land, as evidenced by the statistics provided. In 2021, Georgia, Kansas, and North Dakota had relatively lower average costs per acre for timberland, cropland, and pastureland, respectively. On the other hand, states like Oregon, Illinois, and California saw higher average costs for irrigated cropland. Internationally, the average acre cost in countries like the UK, Australia, and Canada also exhibited notable differences. These statistics highlight the importance of considering location and land type when evaluating the average acre cost for agricultural purposes.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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