Recent Hertz blog post titled “Midwest Farmland Surveys Report Minor Price Changes” reports that our Midwest reporting states’ farmland values are currently experiencing a “sideways trend” as of early 2026. Find key findings covering the 7th, 9th, and 10th Federal Reporting Districts. Key highlights for our reporting states include:
- Chicago Federal Reserve District: Reported a 3% average gain in land values compared to 2024, with values remaining unchanged between the second and third quarters of 2025.
- Illinois and Iowa: Northern Illinois saw a 4% year-over-year gain for “good” farmland, while Iowa’s average for similar land fell by 1%.
- Iowa State University Survey: Affirmed the trend with a reported slight 0.7% average increase in farmland values across the state.
- Nebraska: Values declined by 2% in 2025, though this follows three consecutive years of increases and a record-setting price peak in 2024.
