Oregon Farmland Has Dropped in Value for the First Time in 12 Years, Says the USDA

For the first time in 12 years, the U.S. Department of Agriculture (USDA) has reported a real decline in the value of Oregon farming real estate.

Using the Bureau of Economic Analysis’ Gross Domestic Product Implicit Price Deflator , the USDA says farmland values show a decrease of $15 (0,4%).

However, while the growth in value of all classes of land in Oregon appears to have weakened in 2024-25, farmland has generally kept pace with inflation, according to the USDAs June Area Survey on state-level data on farmland values .

The nominal per-acre value of farm real estate is $3,780. This is based on non-adjusted inflation values and represents a $60 (1.6%) increase in nominal terms of Oregon farmlands over the past year.

When compared to its most recent five-year average over 2020–2