National Ranchland Property Index National Ranchland Property Index

National Ranchland Property Index

The National Ranchland Property Index is a market-weighted benchmark of the US Ranchland Property Market. The NRPI seeks to track performance of the US Ranchland property market on a total return basis by using publicly available data provided by the United States Department of Agriculture (USDA).

It uses public USDA survey and census data for annual pastureland prices, areas, and cash rents to provide a comprehensive measure of total returns within this asset class.

Annual Returns

The table below represents total returns for the National and Regional Ranchland Property Indices.

National Market Value Region Market Value

$763,946,068,330

$64,560,621,080

$150,817,732,400

$104,335,885,820

$9,592,400,380

$41,398,226,450

$10,020,753,100

$51,425,739,120

$54,017,082,320

$24,088,375,860

$253,689,251,800

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0.40%

2020

4.87%

2021

11.85%

2022

7.00%

2023

6.10%

2024

1.10%

2020

5.60%

2021

12.61%

2022

7.71%

2023

6.79%

2024

0.66%

2020

4.90%

2021

16.20%

2022

3.49%

2023

1.81%

2024

1.01%

2020

5.22%

2021

16.53%

2022

3.77%

2023

2.12%

2024

2.30%

2020

6.48%

2021

11.05%

2022

5.04%

2023

4.19%

2024

2.70%

2020

6.90%

2021

11.50%

2022

5.48%

2023

4.66%

2024

-3.32%

2020

2.45%

2021

14.08%

2022

11.59%

2023

6.85%

2024

-1.36%

2020

4.54%

2021

16.29%

2022

13.61%

2023

8.77%

2024

-2.53%

2020

7.38%

2021

10.00%

2022

6.87%

2023

8.39%

2024

-1.20%

2020

8.85%

2021

11.38%

2022

8.23%

2023

9.78%

2024

0.83%

2020

7.90%

2021

9.79%

2022

4.69%

2023

5.10%

2024

2.44%

2020

9.53%

2021

11.34%

2022

6.16%

2023

6.56%

2024

3.30%

2020

3.20%

2021

11.55%

2022

3.28%

2023

1.71%

2024

3.86%

2020

4.29%

2021

12.62%

2022

4.27%

2023

2.72%

2024

-0.23%

2020

2.05%

2021

7.98%

2022

9.05%

2023

9.70%

2024

0.29%

2020

2.57%

2021

8.49%

2022

9.54%

2023

10.18%

2024

1.61%

2020

2.86%

2021

6.11%

2022

6.80%

2023

9.31%

2024

2.12%

2020

3.37%

2021

6.60%

2022

7.25%

2023

9.78%

2024

2.69%

2020

3.12%

2021

8.42%

2022

3.97%

2023

2.37%

2024

3.34%

2020

3.79%

2021

9.11%

2022

4.61%

2023

2.99%

2024

0.76%

2020

5.25%

2021

12.46%

2022

6.65%

2023

6.83%

2024

1.13%

2020

5.63%

2021

12.86%

2022

7.04%

2023

7.20%

2024

FAQs

What is the Ranchland Index Methodology?

What is the Universe of Properties in the Ranchland Index?

What is the Composition of the Ranchland Index?

Where Do the Property Valuations Come From for Properties in the Ranchland Index?

What Are the Key Limitations of the Ranchland Index?