The average cost for starting a small scale farm would run the typical American upwards of $10,000. Farm real estate in the year 2024 averages about $4,170 per acre, a 5% increase from 2023. Crop land in the year 2023 would cost about $5,460 per acre, a 8.1% increase from 2022. Not only do we have to consider the crops, but the animals need somewhere to roam and eat as well. Pastureland in the year 2023 on average would cost $1,170 per acre, to which it has increased a whopping 110% from the 2022 year. States also require various taxes and fees which can range anywhere from $1,170 per acre (Montana) to $18,100 per acre (New Jersey). Other factors we have to consider when determining cost are interest rates, prices of other investments, soil quality, government payments, rural amenity value, and urban proximity.
To put it into perspective expect to spend where from $1,500-$2,500 for one dairy cow. A lactating cow can cost around $2,000 a year to feed, and can eat up to 120 pounds of wet food or 55 pounds of dry feed per day.
An average barn can range anywhere from $10,000 to $200,000 depending on size and amenities.
Farming culture has completely changed within the last 100 years. In the early 20th century farming was done on many small farms, but today it’s done on fewer, larger farms. Between 1982 and 2007, land used in agriculture dropped from 54 to 51 percent of total U.S. land area, while farming used 30 percent less hired labor and 40 percent less operator labor.
Farming is engrained in our countries rich history and culture, let’s give the power back to our people! Bring back small family owned farms for a stronger economy and fresher food!