Farm land values are down from their highs in the early 2020s

After a few years of upward pricing, farmland values are starting to cool.

One economist says prices started to peak across farm country in the early 2020s.

“Yes, and that corresponds with that double-digit run-up in land values during that time for a lot of states, specifically the ‘I’ states, with very strong commodity prices, some good yields in a lot of places, and uncertainty in the market post-COVID, and some other things that drove the land prices higher. And the people, this would be families that inherited land, estates that needed to sell the land, or even some investors that wanted to capitalize on those higher prices. They decide to sell, and those prices run up. We saw the same thing leading up to 2012-'13,” said Randy Dickhut.

On average, land listings are down 25 percent from early 2020. Researchers at Farmers National say active farmers continue to be the primary land buyers this year.

Related Stories
Expect a steady corn grind and selective basis strength where exports and local blending stay active.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Expect business-as-usual for most container exports.
Farm CPA Paul Neiffer shares his perspective on the uncertain outlook of federal farm relief and the Farm Bill, which may not materialize until the government shutdown ends.
AFBF Associate Economist Samantha Ayoub joins us to dive into H-2A visa program changes and what can be done to ease the pressure on producers.
Considering raising your own replacements instead of buying bred heifers? Three key factors to consider before investing capital.

LATEST STORIES BY THIS AUTHOR:

National FFA Secretary Luke Jennings joins us to share how he’s feeling heading into the big week and reflect on his year of service.
FFA education inspires Chelsey Keiser to become the first female horse jockey.
Ryan Dunsbergen, soybean product manager for Golden Harvest, shares an overview of their new soybean seed lineup and what growers can expect in 2026.
Bioethanol is becoming a global standard. For growers, that boom comes as drops in Mississippi River levels and in soybean demand occur in tandem, leaving barge space for corn and wheat.
The government shutdown has touched nearly every sector of the ag industry since it began, and now impacts are spilling over into dairy.
With China halting U.S. soybean purchases and talks tied to broader strategic issues, growers face renewed export uncertainty.