The estimated market value of land and buildings per acre 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 acre was $2,127. In 2002, the average was $3,088. In 2007, the average was $4,096 per acre. In 2012, the average was $4,338. In 2017, the average per acre was $4,642. In 2022, the average estimated market value of land and buildings per acre was $5,482.