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The products of Montana’s varied farming operations make it the largest industry in the state. Nearly 65% of this production comes from Cattle and Wheat, for which Montana ranks number three in exports in the entire country. Aside from these major commodities, Barley, Sugar Beets, Cherries, Lambs and Hay have been produced widely throughout history and still today. As of 2017, there were a total of 27,048 farms covering 58.1 million acres of land in Montana, 62% of the state’s total land area. The average size of each farm was roughly 2,149 acres, which puts it in the top 5 states in terms of average farm size.

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Farmland Prices

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montana Farmland Prices

Over the last 20 years, the price of farmland per acre in the montana has risen by an average of 4.4% per year to $1,040 per acre as of 2019. This represents an increase of $559 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$1,040

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 250$ 500$ 750$ 1000$ 1250Highcharts.com

4.4%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-8 %0 %8 %16 %24 %32 %Highcharts.com

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Additional Documents

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