The estimated market value of land and buildings per farm average has been increasing since 1997. Data for 2002 and prior years are based on a sample of farms. Data after 2002 is collected by the USDA Census of Agriculture. In 1997, the average estimated market value of land and buildings per farm was $349,841. In 2002, the average was $518,719. In 2007, the average was $656,080 per farm. In 2012, the average was $726,944. In 2017, the average per farm was $843,154. In 2022, the average estimated market value of land and buildings per farm was $1,040,748.