2025 NASS Agricultural Land Values Released: Montana Land Stabilizing
August 1, 2025
The USDA’s National Agricultural Statistics Service (NASS) has just released its 2025 Agricultural Land Values Summary, offering new insights into land value trends across the United States.
For Montana landowners, buyers, and professionals, the report confirms what many already suspected — Montana agricultural land values have stabilized since 2023.
Interpretation of NASS Montana Land Market Data
- The data is based on USDA surveys of land owners and managers, and not actual land transaction data. Also, the survey focuses on agricultural production lands, and does not generally include recreational and high-amenity lands which are a significant portion of the Montana land market.
- Therefore, the per acre values are lower than the true average values of land sales in Montana. However, the trends do tend to accurately reflect the relative rate of land value change, and the perceptions of value in the market.
- The data generally lags the actual land market. For example, the survey data shows very little increase from 2020 until 2023, when in reality, land values in Montana started increasing substantially in 2020.
What’s Fueling Montana’s Land Market?
Several key factors continue to influence Montana’s land values:
- Strong cattle prices
- Limited inventory of quality acreage
- Continued interest from both local producers and out-of-state buyers
- Recreational and lifestyle land demand
- Inflationary pressures and land as a hedge
From traditional ag operators to investors and amenity buyers, demand remains high across much of the state, but inventory is low.
Track Land Trends with Montana Land Source
At Montana Land Source, we make it easy to stay on top of the land market.
Our platform provides:
- A comprehensive statewide map of current listings and past sales
- Historical land value data and trends
- a weekly Montana Land Report email showing new market activity
- A soon to be release new 2025 version of our Map App, with improved performance and features
Whether you’re buying, selling, appraising, or advising — you’ll find the tools and insights you need.
Get the Full Report
You can access the full 2025 USDA NASS Agricultural Land Values Summary here:
Download the full report
Want More Montana Land Market Insights?
- Stay tuned to Montana Land Source for more updates, analysis, and insights on Montana’s land market.
- Sign up here for a free subscription and receive the weekly Montana Land Report email.
- Or explore the latest listings and sales at mtlandsource.com.