> Value of land per acre: $6,142
> Total value: $122 billion (8th lowest)
> Total acres: 19.9 million (11th smallest)
As one of the more heavily wooded states in the country, Maine does not support a lot of agricultural activities. In fact, just 6.8% of the state’s land was designated as agricultural, the lowest percentage in the country.
> Value of land per acre: $5,565
> Total value: $166 billion (13th lowest)
> Total acres: 29.8 million (19th smallest)
An average acre of land in Mississippi was worth an estimated $5,600. This was less than half an average acre across the contiguous U.S. Less than 9% of land in Mississippi was federally-owned, far less compared to the nearly 24% of the country held by the U.S. government.
> Value of land per acre: $4,664
> Total value: $247 billion (20th lowest)
> Total acres: 53.0 million (11th largest)
The federal government owned 68.8% of the land in Utah, which no doubt helped account for the state’s low land valuation. The high share of federally owned land may decline in the near future, however. In 2012, Utah Governor Gary Herbert signed the Transfer of Public Lands Act, demanding that the federal government give up its land holdings — roughly 31 million acres — in by December 31, 2014. The federal government did not meet Utah’s demand, which will likely incite legal battles in the coming years.
> Value of land per acre: $4,328
> Total value: $315 billion (21st lowest)
> Total acres: 72.8 million (5th largest)
With more than 72 million acres, Arizona was one of the largest states in the country. However, much of the land was undeveloped and unusable for agricultural purposes, leading to a valuation of just $315 billion, or $4,300 per acre, nearly one-third the value of an average acre in the lower 48 states.
> Value of land per acre: $4,220
> Total value: $220 billion (17th lowest)
> Total acres: 52.1 million (12th largest)
Nearly 89% of land in Kansas was classified as agricultural, the fourth largest percentage in the nation. Agricultural land accounted for more than 20% of the state’s overall estimated value of $220 million, a lower value than most states.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.