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.
Software developers at John Deere Digital are addressing challenges with their new Operations Center, which helps farmers make decisions on the fly.
October 06, 2025 11:51 AM
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Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
October 06, 2025 10:46 AM
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Farm debt is climbing to record levels at ag banks, reflecting pressure on crop producers’ finances even as livestock and land values lend stability to the sector.
October 03, 2025 03:53 PM
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Consumer demand for regional food systems is strong, but the challenge lies in scaling production and infrastructure to meet that growing need.
October 03, 2025 02:57 PM
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Dave Kestel, a farmer from Will County and member of the Illinois Farm Bureau, joins us to share a boots-on-the-ground update on the 2025 corn harvest.
October 03, 2025 02:30 PM
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University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
October 03, 2025 11:53 AM
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