AltStreet
Farmland

Farmland

Cropland values, cash rents and the derived rent yield from USDA, against listing rent yields on the fractional platforms.

Open offerings

15

of 73 published in this category

Live series

3

latest print 2026-10-31

US Cropland Value per Acre

$6,020/acre

Annual · 2026-08-31

OpportunitiesFlowPriceOutcomeCited← Dashboard

Opportunities · Pro

Open offerings and new filings

feed with filters and watches →

Flow · Pro

How much capital is forming, and how fast

Farmland raises are mostly Reg D SPVs (AcreTrader, FarmTogether); flow comes from the tracked-universe Reg D views until a market-wide Form D lane exists.

Not collected yet. The source is identified above and this section fills in when the collector ships.

Price

What the category's market is doing

USDA NASS cropland value and cash rent per acre (annual, August) with the derived rent yield; corn, soy and wheat prices received are next.
US Cropland Cash Rent per Acre
Annual · USD per acre · Public API

$160/acre

2026-08-31 · -0.6% vs prior print

Source: USDA NASS Cash Rents survey via Quick Stats · link · attribution required · CSV

USDA NASS data is public domain. Attribute USDA National Agricultural Statistics Service.

METHODOLOGY

Average cash rent paid for US cropland in dollars per acre, national, from the USDA NASS cash rents survey published each August, with the top ten states in raw. Source: USDA National Agricultural Statistics Service.

US Cropland Rent Yield
Annual · percent · Public API

2.66%

2026-08-31 · -0.1 pts vs prior print

Source: Derived from USDA NASS cropland value and cash rent · link · attribution required · CSV

USDA NASS data is public domain. Attribute USDA National Agricultural Statistics Service.

METHODOLOGY

Cash rent divided by cropland value, national, in percent: the gross cap rate on US cropland before property tax, insurance and management. The floor a fractional farmland listing's advertised rent yield should be read against; a listing below it is paying for the platform, not the land. Both legs are USDA NASS national averages. Source: USDA National Agricultural Statistics Service (derived).

US Cropland Value per Acre
Annual · USD per acre · Public API

$6,020/acre

2026-08-31 · +3.3% vs prior print

Source: USDA NASS Land Values summary via Quick Stats · link · attribution required · CSV

USDA NASS data is public domain. Attribute USDA National Agricultural Statistics Service.

METHODOLOGY

Average value of US cropland in dollars per acre, national, from the USDA NASS Land Values summary published each August, with the year-over-year change as the secondary value and the top ten states in raw. Printed on August 31 of the survey year. Source: USDA National Agricultural Statistics Service.

Outcome

What investors got versus what was promised

Realized IRR on farmland dispositions (AcreTrader, FarmTogether) against advertised targets, and the itemized fee stack from the offering documents.

Promised vs realized

Two populations: targets on published offerings, realized figures on exits with a disclosed outcome. Read side by side, never as one number.

Promised (median target)

9.0%

4 offerings with a stated target

Realized (median IRR)

7.1%

83 exits with a realized IRR

Middle half 5.2% to 10.3% · 10% negative · targets: middle half 3.0% to 10.5%

Realized outcomes
MeasureValuen
Median multiple on cost1.36x76
Median hold4.1 yrsn/a
Exits recorded as a loss10%84
Latest exit2026-07-07n/a
By platform (exits with an outcome)
PlatformExitsMedian IRRMedian multipleLoss rate
AcreTrader837.1%1.36x10%

Source: AltStreet platform_exits (filing-sourced dispositions, 1-K asset sales and platform-reported exits) and published offering terms. Realized figures cover exits with a disclosed outcome, which over-represents platforms that disclose; a loss rate counts exits recorded as a loss over exits with any recorded type.

Fee stack

7 offerings with itemized fee layers from their filings. Median rate per fee type; the n is offerings carrying that type.

Fee layers by type
FeeOfferingsMedian rateCharged
management60.75%annual
disposition45%on exit
upfront24%one time
performance215%annual
acquisition fee max22.5%one time
land due diligence25.31%one time

Rates are as stated in the offering document and are not on a common base: an acquisition fee is a one-time percent of purchase price, a management fee an annual percent of assets or equity, a performance fee a percent of profits. Source: AltStreet deal_fee_layers.

NAV per share

Latest reported net asset value per share by platform (median across its vehicles) and the 12-month change. From 1-K, 1-SA, 253G2 supplements and 10-Q filings.

Platforms reporting NAV
PlatformVehiclesLatest NAVAs of12-month change
Amber Farmland Investments (formerly Iroquois Valley Farmland REIT)1$107.572026-06-30-5.2%

NAV is the sponsor's own valuation, not a trade; a stable NAV says nothing about whether redemptions are being met. Redemption request and fulfillment fields are collected but not yet populated, so gating is not observable here yet.

Cited headlines

Licensed and headline-only sources

Cited with a source line; never ingested or charted.
  • NCREIF Farmland IndexQuarterly total return (licensed; headline only)
  • Chicago Fed AgLetterLand value change and credit conditions, quarterly · source
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