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Survey Results On Farmland Values In New York State

Local News

The USDA National Agricultural Statistics Service has released its latest report on the value of farm real estate in New York.

The data is for all land and buildings on farms.

The average value was $2,980 per acre for 2016, down $20 per acre (0.7%) from 2015 values. Across the Northeastern Region, the overall value decreased by $10 per acre (0.2%) from last year.

dairy farmingThe average value of cropland in New York State decreased by $20 per acre (0.8%) to $2580 per acre from the previous year. In the Northeastern Region, the overall value increased by $60 per acre (1.1%) from last year.

Pasture value in New York dropped 2.1% to $1,430 per acre. In the Northeastern Region, the overall value decreased by $90 per acre (2.6%) from last year.

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