Land Sales Bulletin

Minnesota Farmland Market Shows Wide Variability

accountMktgLSB | calendar-monthMarch 10, 2026

Our Midwest state of Minnesota’s farmland market remains a study in contrasts. Some sales are exceeding expectations, while others show signs of softening — and shifting buyer dynamics are playing a major role. Farmers accounted for 70% of Hertz Farm Management’s purchases in 2024, dropping to 58% in 2025 as investor activity increased.

Recent Federal Reserve data shows nonirrigated land values up 0.7% and pastureland up 12% in the 9th District, reflecting strong cattle markets. Strong A‑quality sales continue across Minnesota, with recent prices ranging from $9,779 to $12,916 per acre depending on county and CPI. Read more from Farm Progress: Strength of farmland market continues to vary across Minnesota

As always, Land Sales Bulletin’s timely, finalized land sale data across Minnesota and the broader Midwest provides essential transparency for understanding these trends and benchmarking local market performance: Midwest Land Sales Data

Minnesota land sales - Farm Progress

Iowa Farmland Market – Stable Amidst the Storm

accountMktgLSB | calendar-monthMarch 6, 2026

Despite a winter of volatile weather and a multi-year stretch of low commodity prices, our Midwest reporting state of Iowa’s farmland market remains remarkably resilient. The current landscape is defined by “stability over change,” with land values effectively treading water.

Key Drivers of Stability:

  • Low Inventory: A limited supply of land hitting the market is preventing price drops.
  • Local Demand: Strong interest from local farmers looking to expand operations and investors seeking long-term fundamentals.
  • Steady Rates: Mortgage interest rates have remained in a narrow range, offering no major shocks to the system.

While we see occasional “spike” sales—like a recent $22,000/acre sale in Lyon County—the broader market is expected to “chop sideways” until a fundamental shift occurs in supply or demand. Read more from Hertz Farm Management: https://www.hertz.ag/blog/detail/march-2026-wallaces-farmer-marketplace-extra

Midwest Farmland Surveys Report Minor Price Changes – Hertz Farm Management

accountMktgLSB | calendar-monthJanuary 28, 2026

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.
https://www.hertz.ag/blog/detail/midwest-farmland-surveys-report-minor-price-changes

Midwest Farmland Values Hold Steady in an “Uncomfortable but Not Painful” Farm Economy

accountMktgLSB | calendar-monthJanuary 22, 2026

Our Midwest reporting states’ farmland values remain surprisingly steady—even as the farm economy feels “uncomfortable.” Tight margins, reduced input spending, and rising retirements haven’t translated into weaker land prices.

Hertz Real Estate Services reports that strong livestock profits, limited land supply, and continued farmer buying are keeping the market firm. The result? A land market that’s steady, resilient, and far from “painful.” Read more from Hertz Farm Management:  Midwest Farmland Values Hold Steady Despite “Uncomfortable” Farm Economy, Input Cuts, and Tight Margins

Hertz October 2025 Farmland Market Update

accountMktgLSB | calendar-monthOctober 14, 2025

Hertz Farm Management latest farmland market update with Doug Hensley, President of Hertz Real Estate Services, shares timely updates on our Midwest farmland. Learn about the driving factors influencing the market and farmland values. Key sales from our Midwest reporting states of Illinois, Iowa, and Minnesota are highlighted. Tune in here for all the details – https://bit.ly/3KRMLS4

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