For 2017, all types of land in Missouri increased in value. The price of good cropland is $4,877 per acre, which is up $200 or 4.3% above last year, according to the 2017 Missouri Farmland Values Opinion Survey. Good pastureland in the state averages $2,916 per acre, an increase of $232 or 8.6%. Timber land values increased $105 per acre to average $2,012 per acre, while hunting and recreation land increased $241 per acre to average $2,048 per acre.