New York farm real-estate average value per acre rises almost 4 percent in 2021

ALBANY, N.Y. — The average value per acre of New York farmland rose 3.8 percent to $3,270 this year from $3,150 in 2020.

That’s according to an Aug. 6 report from the USDA National Agricultural Statistics Service (NASS).

Cropland value per acre in the Empire State increased 3.9 percent to $2,910 in 2021 from $2,800 last year. The average value per acre for pastureland rose 2.6 percent to $1,580 from $1,540, per the USDA NASS.

Nationally, in the lower 48 states, farm real-estate average value per acre jumped nearly 7 percent this year to $3,380 from $3,160 in 2020. In the Northeast, the average value per acre for farmland rose almost 5.1 percent to $6,000 from $5,710.