Midwest farmland values were unchanged in the second quarter of 2026 according to AgLetter, No. 2013, August 2026 from the Federal Reserve Bank of Chicago. While overall District values were flat year over year, the report shows a mixed picture across Land Sales Bulletin’s core Midwest reporting states.
Key summary points
- Illinois farmland values posted year-over-year gains.
- Iowa also recorded increases, supported in part by investment activity tied to data centers and renewable energy projects.
- Indiana farmland values declined compared with last year.
- Wisconsin saw year-over-year decreases and lenders noted expectations that values may plateau as outside pressures ease
Credit conditions across the District weakened, with repayment challenges rising to their highest level since 2020. Lenders also reported lower repayment rates and higher renewals and extensions on non-real-estate farm loans.
Read the full report from the Federal Reserve Bank of Chicago: https://www.chicagofed.org/publications/agletter/2025-2029/august-2026
