Farmland Values Drop Most Since 2026

A Successful Farming article

ProFarmer’s Mike Walsten reported: “Farmland values for the Central Corn Belt were flat in the second quarter of 2026 from a year earlier, reports the Federal Reserve Bank of Chicago. This is the slowest year-over-year growth since the fourth quarter of 2024, the bank notes.”

“Values for ‘good’ agricultural land also showed no change in the second quarter of 2026 relative to the first quarter, according to survey responses from agricultural lenders in Illinois, Indiana and Iowa,” Walsten reported. “Illinois and Iowa farmland values saw year-over-year increases, while Indiana and Wisconsin farmland values note year-over-year decreases.”

But “in real terms (after being adjusted for inflation with the Personal Consumption Expenditures Price Index, or PCEPI), there was a year-over-year decrease of 3.7% in district ag land values,” Walsten reported. “‘This is the largest year-over-year decline in real farmland values for the district since the third quarter of 2016,’ the bank states.”

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