article_snippet.sent: The research used land prices combined with Census data to tabulate values for all of the federal, agricultural and developed land in America, excluding Alaska, Hawaii and bodies of water.
article_snippet.sent: California was the most valuable state overall at $3.9trillion while Vermont was worth only $44billion.
article_snippet.sent: Despite only being 5.8 per cent of America's 1.89billion acres, developed land had a slim majority of America's value.
article_snippet.sent: Besides Washington DC, New Jersey and Rhode Island had the highest percentages of developed land, both more than 30 per cent.
article_snippet.sent: The federal government, the largest landowner in the US and the fourth largest in the world, owns 24 per cent of the country and majorities of six states including California, Nevada and Oregon.
article_snippet.sent: However, developed land is almost entirely undeveloped and is only worth $1.8trillion, which is about 10 percent of the federal debt.
article_snippet.sent: the federal government owns almost none of Connecticut, just 0.1 per cent.
article_snippet.sent: True to the federal government reputation for having golden waves of grain, forty-seven per cent of the land in the US is farmland, with the highest state percentage for agriculture being Nebraska's 92.7 per cent.
article_snippet.sent: Mr Larson said Mr Larson did the study because 'Despite the study fundamental role in nearly all economic activity, there is no current and complete estimate of the value of the land area of the United States'.
highlights_snippet.sent: Forty-seven per cent of the US is farmland, only 5.8 per cent developed .