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For pastureland, the average rental per acre at $15 is up $1 from 2022. Source: USDA NASS. For irrigated cropland, rates ranged from $86.50 in Wyoming to $486 in California; for non-irrigated cropland, they ranged from $20 in Wyoming to $269 in Iowa; and for pastureland, $2.60 in Arizona to $60.50 in Iowa.
Leasing Land Connect with the local farming community and get the word out about your search. The Cooperative Extension program from the National Institute of Food and Agriculture (NIFA). The USDA-RD/FSA Resale tool provides property listings owned by the government for public sale.
Property must consist of at least 5 contiguous acres of land under the same ownership and be "actively devoted" to agricultural or horticultural use in order to qualify for and retain classification as agricultural or horticultural land under Chapter 61A.
At $155 per acre, the average rate to rent cropland in the United States in 2023 was $7 higher than in 2022. The average rate per acre for irrigated cropland was $237 (up from $227 in 2022) and non-irrigated cropland was $142 (up from $135 in 2022).
The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,170 per acre for 2024, up $200 per acre (5.0 percent) from 2023. The United States cropland value averaged $5,570 per acre, an increase of $250 per acre (4.7 percent) from the previous year.
Approximately 39% of the 911 million acres of U.S. farmland is not owned by the farmer. Instead, it's rented. Further, more than half of cropland is rented, compared with just over 25% of pastureland. But before you start contacting potential leasers, there are some important steps to take.
For pastureland, the average rental per acre at $15 is up $1 from 2022. Source: USDA NASS. For irrigated cropland, rates ranged from $86.50 in Wyoming to $486 in California; for non-irrigated cropland, they ranged from $20 in Wyoming to $269 in Iowa; and for pastureland, $2.60 in Arizona to $60.50 in Iowa.
Primary Requirements: Farm must be at least five (5) acres in size. Land has to have been actively devoted to agriculture for the two (2) immediately preceding tax years.
There is no minimum acreage required in order for your property to be considered a farm.
One such definition is found in IRC Section 2032A(e)(4) relative to estate tax valuation; it reads as follows: The term “farm” includes stock, dairy, poultry, fruit, furbearing animal, and truck farms, plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of ...