Farmland values seem to be holding despite ongoing challenges in the ag economy.
Compeer Financial senior appraiser Dan Legner covers northwest Illinois and tells Brownfield the market has been stable in 2025.
“Perhaps maybe a slight decline. I thought we’d probably see more of a decrease in values just given where commodity prices are, but there still seems to be strong demand for farmland.”
A new report by Farmers National Company shows high-quality farmland values across much of the Midwest and south-central U.S. remain steady, while sales volume in eastern states like Indiana, Ohio, and Michigan are off 20 to 30 percent compared to the previous three years.
Legner says interest rates are a deterrent, with elevated levels relative to the past decade.
“If you compare it to the 80’s I guess you could say they’re cheap. But yes, interest rates obviously play a strong factor in land prices.”
Paul Schadegg with Farmers National says the year is off to a strong start as the company continues to adapt to the global elements that impact ag land values.
Legner made his comments during an upcoming client partnership appraisal podcast between Brownfield and Compeer Financial.
