Total Value of U.S. Agricultural Real Estate
$3.59T
Q4 2025
Source: Federal Reserve Z.1 Financial Accounts · Farm business real estate (USDA), level, annual snapshots, 1945–2025
Number of Farms in the United States
1.88M
2024
Source: USDA NASS, Farms and Land in Farms & Census of Agriculture · Number of farm operations, 1900–2024
Average Value per Farm (Real Estate)
$1.86M
2024
Source: Computed from Federal Reserve Z.1 total farm RE ÷ USDA NASS farm count, 1950–2024
Average Farm Real Estate Value per Acre
$4,350
2025
Source: USDA NASS, Land Values Summary · Average farm real estate value (land and buildings) per acre, 1950–2025
Total Land Area in U.S. Farms
876M acres
2024
Source: USDA NASS, Farms and Land in Farms & Census of Agriculture · Total land in farms, 1900–2024
Key Data
Summary metrics on U.S. farm real estate, farm count, land area, and average values.
| Metric | Value | Period | Source |
|---|---|---|---|
| Total farm real estate value | $3.59 trillion | Q4 2025 | Federal Reserve Z.1 |
| Number of farms | 1.88 million | 2024 | USDA NASS |
| Average farm real estate value | $1.86 million | 2024 | Fed Z.1 / USDA NASS |
| Average value per acre | $4,350 | 2025 | USDA NASS |
| Total land in farms | 876 million acres | 2024 | USDA NASS |
| Average farm size | 466 acres | 2024 | USDA NASS |
| Peak number of farms | 6.81 million | 1935 | Census of Agriculture |
| Peak land in farms | 1,206 million acres | 1954 | Census of Agriculture |
| Farm RE as % of farm assets | 83.6% | 2025 | USDA ERS |
| Farms with $1M+ sales | ~184,000 (9.8%) | 2024 | USDA NASS |