Benchmark farmland values are flat to slightly higher in our four-state territory, supported by the financial strength of buyers and an already tight real estate market that saw even fewer sales in the first half of 2026.
While Iowa cropland slid modestly, benchmark values overall are flat. Nebraska, South Dakota, and Wyoming values have inched up since January, with gains in both cropland and pasture.
Our full July 2026 Benchmark Farmland Report is available. It includes:
An economic overview and the factors shaping the real estate market.
Benchmark values by state. We also include insights into the grain- and protein-producing states served by our collaborating Associations of AgCountry Farm Credit Services (AgCountry) and Frontier Farm Credit.
A sales report on state-level activity and sale price trends.
The chart below shows the change in benchmark values by state, going back to 2015. The number of benchmark farms for each state is in parentheses.
Yearly farmland value trends by state
| State | Six-month change | One-year change | Two-year change | Five-year change | Ten-year change |
|---|---|---|---|---|---|
| Iowa (21) | 0.0% | -1.4% | -4.3% | 31.6% | 51.1% |
| Nebraska (18) | 1.2% | 3.2% | 1.7% | 42.9% | 39.2% |
| South Dakota (22) | 4.2% | 6.4% | 19.2% | 71.6% | 61.8% |
| Wyoming (2) | 2.7% | 6.0% | 11.5% | 55.4% | 99.6% |
| Average % Change | 1.9% | 2.8% | 6.1% | 49.5% | 99.6% |
Comprehensive land values report
Our newest semi-annual Land Values Report is now available as a comprehensive analysis of land values in states served by our collaborating associations of AgCountry Farm Credit Services, Farm Credit Services of America (FCSAmerica), and Frontier Farm Credit. This report covers key trends and data across our eight‑state territory.
