Chart 1. In 2008 Dollars, Present Farmland Prices Exceed the Two Price Booms of the 20th Century

Year Farmland Price Per Acre (2008 Dollars)
1900$513
1901558
1902603
1903635
1904677
1905733
1906767
1907779
1908839
1909902
1910908
1911931
1912929
1913935
1914947
1915917
1916909
1917824
1918756
1919722
1920743
1921782
1922731
1923705
1924680
1925664
1926633
1927619
1928617
1929617
1930632
1931623
1932582
1933497
1934498
1935503
1936496
1937493
1938504
1939496
1940492
1941469
1942449
1943473
1944526
1945562
1946585
1947579
1948572
1949597
1950581
1951613
1952666
1953669
1954656
1955683
1956713
1957743
1958767
1959821
1960851
1961857
1962891
1963915
1964959
19651,005
19661,050
19671,083
19681,108
19691,109
19701,088
19711,079
19721,128
19731,193
19741,319
19751,361
19761,502
19771,684
19781,754
19791,863
19801,926
19811,940
19821,837
19831,704
19841,660
19851,427
19861,257
19871,135
19881,150
19891,161
19901,125
19911,111
19921,094
19931,103
19941,160
19951,193
19961,217
19971,242
19981,287
19991,331
20001,363
20011,398
20021,448
20031,486
20041,550
20051,819
20062,030
20072,243
20082,350


Source: USDA National Agricultural Statistics Service.