USDA's National Agricultural Statistics Service says pasture values have continued to creep up from 2014 through this year.
In 2014 the average pasture value was $1,300 per acre. In 2015 and 2016 it crept to $1,330. Last year it sat at $1,350. This year the average price was $1,390.
The largest year-to-year gains from 2017 to 2018 were in the Southern Plains, with an average increase of 5.6%. In Oklahoma the increase was 4.1%, moving up from $1,470 to $1,530. In Texas the average increase was 6.1%, moving up from $1,650 to $1,750.
Nebraska had the highest single-year jump at 8.6%, moving from $930 to an average of $1,010. Several of the Appalachian states registered single-year losses from last year to 2018.
The data for this report is compiled from an NASS survey the first two weeks of June.
The agency defines pasture, grazing, and grassland value as "the value of land that is normally grazed by livestock. Pasture does not need to have livestock grazing on it at the time of interview or during the current year in order to be valued as pasture or grazing land."
It is based on a sample of about 11,000 segments of land, each approximately one square mile in size.
To read the report and find data for your region or state click on this link.