U.S. agricultural land values and cropland cash rents have reached new highs, seeing an increase for the fourth year in a row, according to the U.S. Department of Agriculture’s (USDA) Land Values 2024 Summary report.Farm real estateThe farm real estate value is a measurement that includes the value of all and buildings on farms.In Texas, the average farm real estate value increased by 7.3% to $2,800 an acre.The average value for U.S. farmland is up 5% at the record high of $4,170 an acre.Although agricultural land values continue to rise, the pace of growth has slowed compared to previous years.This ...