Today the land in the Louisiana Purchase is worth significantly more. The deal encompassed some 800,000 square miles, which equates to approximately 512,000,000 acres. With land costs today averaging between $1,000 and $4,000 per acre in the continental U.S., the total value of the Louisiana Purchase is therefore likely to be near $1.2 trillion. read more
Likewise, sitting smack-dab in the middle of the Louisiana Purchase, farmland in eastern Nebraska today sells for around $7,000 an acre. The United States government bought roughly 53 million acres in 1803 for the same price as 100,000 acres of Nebraska farmland would cost today. read more