Mountain
Montana farmland value and cash rent on the Land Market Index
Dryland wheat and rangeland dominate Montana's acres. Irrigated valleys are a small share, so an irrigated rent describes a different asset than the pasture average.
Montana farm real estate averaged $1,260 per acre in 2026, below the U.S. figure of $4,500.
2026 averages
- Farm real estate
- $1,260 / acre
- +2.4% from 2025
- Cropland
- $1,350 / acre
- +2.3% from 2025
- Pasture
- $940 / acre
- +2.2% from 2025
- Cropland cash rent
- $40.5 / acre
- +2.5% from 2025
- Pasture cash rent
- $9.1 / acre
- +9.6% from 2025
Dollars per acre. A state average is not the price of a specific farm.
Annual estimates
| Series | 2022 | 2023 | 2024 | 2025 | 2026 | 2025–2026 |
|---|---|---|---|---|---|---|
| Farm real estate | $1,110 | $1,180 | $1,200 | $1,230 | $1,260 | +2.4% |
| Cropland | $1,250 | $1,290 | $1,280 | $1,320 | $1,350 | +2.3% |
| Pasture | $835 | $882 | $890 | $920 | $940 | +2.2% |
| Cropland cash rent | $37.5 | $36.5 | $36.5 | $39.5 | $40.5 | +2.5% |
| Irrigated cropland cash rent | $104 | $98 | $105 | $104 | $112 | +7.7% |
| Non-irrigated cropland cash rent | $31 | $30 | $30.5 | $32.5 | $33 | +1.5% |
| Pasture cash rent | $7.8 | $7.9 | $8.2 | $8.3 | $9.1 | +9.6% |
What the rows mean
- Farm real estate
- Average value of all land and buildings used for agricultural production, including dwellings, if sold under current market conditions with a reasonable time on the market.
- Cropland
- Average value of land used for field crops, vegetables, or hay, including idle cropland and cropland in conservation programs. Land that alternates between crops and pasture is valued as cropland.
- Pasture
- Average value of land normally grazed by livestock. Animals do not have to be on the land during the survey year.
- Cropland cash rent
- Average cash rent for cropland. NASS measures this as rent expense in dollars per acre. Share rents are not included.
- Irrigated cropland cash rent
- Average cash rent for irrigated cropland, in dollars per acre.
- Non-irrigated cropland cash rent
- Average cash rent for non-irrigated cropland, in dollars per acre.
- Pasture cash rent
- Average cash rent for pastureland, in dollars per acre.
Counties
- Big Horn County $649 2022 census
- Chouteau County $1,356 2022 census
- Custer County $1,017 2022 census
- Fergus County $1,279 2022 census
- Gallatin County $4,069 2022 census
- Madison County $2,757 2022 census
- Phillips County $1,124 2022 census
- Rosebud County $716 2022 census
Nearby states
Have a photo of land in Montana? Read its location.
Sources
- Land Values 2026 Summary, USDA National Agricultural Statistics Service, released 2026-07-31. Text tables. ESMIS archive.
- Quick Stats cash rent expense, dollars per acre, USDA National Agricultural Statistics Service. Retrieved 2026-10-25.
State and U.S. survey estimates. Blank cells were not published. Year-over-year rent changes in this file are calculated from those estimates. Land-value changes are the percents printed in the summary. Rent changes are calculated from the published yearly estimates. U.S. government figures are public domain and were not adjusted. A blank or “withheld” cell was not published.