Illinois Farmland Auctions Top $4.1M as Midwest Land Values Hold Firm

Jim Rothermich with the American Society of Farm Managers and Rural Appraisers joined us to share the latest on farmland real estate markets across the Midwest.

Jennifer_Campbell_08_31_16_USA_IL_CAMPBELL_FARM_045.jpg

Campbell Farm in Franklin, Ill. (FarmHER Season 1, Ep. 25)

FarmHER, Inc.

DES MOINES, IOWA (RFD NEWS) — Several recent farmland auctions in Illinois posted some notable results. Four tracts were up for sale, and combined, they brought in roughly $4.1 million. Here’s a breakdown:

  • In Bureau County, 120 taxable acres sold for $9,400 per acre, totaling about $1.1 million.
  • In Marshall County, nearly 40 acres sold for approximately $550,000 — or about $14,000 per acre.
  • In McLean County, 118 acres brought $12,000 per acre.
  • In Stark County, 104 acres changed hands for more than $10,000 per acre.

Taken together, the sales offer another snapshot of how farmland real estate values are holding up in parts of the Midwest.

There have been several notable ag land sales across farm country in recent months, as producers weigh opportunities to buy or sell amid shifting market conditions. With multiple factors poised to influence the land market in the months ahead, interest remains high.

Jim Rothermich with the American Society of Farm Managers and Rural Appraisers (ASFMRA), who tracks land auctions across Iowa, joined us on Wednesday’s Market Day Report with an update on farmland auctions in the Midwest.

In his interview with RFD NEWS, Rothermich discussed how market conditions played out in 2025 based on auction data. He also addressed the total number of acres auctioned in 2025, how activity is shaping up so far in 2026, and what opportunities may exist for land buyers heading into the year, as producers assess their next move in a changing market.

Related Stories
Cristen Clark is a FarmHer to be admired. If you follow her blog, you know she is smart, funny, and full of love for her family, agriculture (specifically swine), and food!
Thousands of pork producers from around the globe gathered in Des Moines, Iowa, this week for the World Pork Expo to showcase the latest production innovations and learn about market trends in the industry.
The 45,000 square foot facility inside the Market Center of the Ozarks offers 24/7 scheduling options, making it accessible to all.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
The USDA’s latest Hogs and Pigs Report caught some analysts off guard. Inventories came in lower than expected, signaling tighter supplies ahead, even as producers return to profitability this year.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
Lyndsey Smith with Real Ag Radio joined RFD-TV to share a Canadian perspective on the discussions.
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.