KANSAS CITY, MO (RFD NEWS) — Ranchland values climbed sharply in the Tenth Federal Reserve District as strong cattle prices continued to support parts of the farm economy.
The Kansas City Federal Reserve says ranchland values rose nearly 11 percent from a year ago, reaching new record highs in early 2026.
Cropland values also improved modestly after recent weakness. Non-irrigated cropland rose about 2.5 percent, while irrigated cropland increased about 4 percent and remained near historic highs.
The farm economy remains split.
The Kansas City Federal Reserve says cattle revenues, government payments, and strong land values are supporting balance sheets, while crop producers still face narrow margins, fertilizer uncertainty, and fuel cost concerns.
Credit conditions continue to show gradual stress. Loan demand increased steadily, repayment rates weakened modestly, and lenders reported that about 20 percent of borrowers had more carryover debt than last year.
Even so, loan denials remained low, and strong farmland values helped keep leverage steady.
Farm-Level Takeaway: Strong cattle markets are lifting ranchland values, but crop-sector margins and carryover debt still point to financial pressure.
Tony St. James, RFD News Markets Specialist
The U.S. Supreme Court ruled on Friday that imposing duties without Congressional authorization exceeds presidential powers. RealAg Radio host Shaun Haney joins us to discuss the potential trade and agriculture implications of the recent ruling.
February 20, 2026 10:09 AM
·
Fertilizer still consumes an unusually large share of crop value.
February 20, 2026 09:00 AM
·
Kerry Hartwig from Sukup Manufacturing previews the grain management solutions they plan to share with producers at the upcoming Commodity Classic in San Antonio.
February 19, 2026 02:36 PM
·
FBN co-founder Charles Baron previews the upcoming Farmer2Farmer event and how technology and AI are shaping the industry, offering growers practical insights and farmer-led strategies for modern agriculture.
February 19, 2026 02:08 PM
·
Farm Bureau Economist Faith Parum discusses the latest Farm Bill proposal and the path ahead for Congress and U.S. agriculture.
February 19, 2026 01:28 PM
·
Small Business Administration Deputy Administrator Bill Briggs joined us with an update on how the SBA is working to support rural communities and small businesses across the country.
February 19, 2026 11:41 AM
·
