Benchmark farmland values across Iowa, Nebraska, South Dakota, and Wyoming remain flat to slightly higher in mid‑2026, according to Farm Credit Services of America’s July Benchmark Farmland Report. Values are supported by strong buyer financials and an already tight real estate market that saw even fewer sales in the first half of the year.

Iowa cropland dipped modestly, leaving overall benchmark values flat. Nebraska, South Dakota, and Wyoming posted incremental gains across both cropland and pasture since January.

The report also highlights broader trends across grain and protein‑producing states served by collaborating Farm Credit associations, reinforcing long‑term appreciation and durable demand across the Midwest.

Iowa*

• 6‑month change: 0.0% | 1‑year change: ‑1.4%
• 5‑year change: 31.6% | 10‑year change: 51.1%

Nebraska*

• 6‑month change: +1.2% | 1‑year change: +3.2%
• 5‑year change: 42.9% | 10‑year change: 39.2%

South Dakota*

• 6‑month change: +4.2% | 1‑year change: +6.4%
• 5‑year change: 71.6% | 10‑year change: 61.8%

Wyoming

• 6‑month change: +2.7% | 1‑year change: +6.0%
• 5‑year change: 55.4% | 10‑year change: 99.6%

Market Context

• Tight real estate supply and financially strong buyers continue to support values region‑wide
• Benchmark values across all four states show significant long‑term appreciation, with ten‑year gains averaging nearly 100%

*Land Sales Bulletin’s Midwest Reporting States

Full Report: Farmland Values 2026: Trends in Iowa, Nebraska, South Dakota and Wyoming | FCSAmerica