(CHICAGO) Following a modest decrease in 2024, agricultural land values in the Seventh Federal Reserve District increased 7% in 2025. A total of 102 respondents from ag banks completed the January 1st survey, showing Illinois, Indiana, Iowa, and Wisconsin had single digit annual increases in farmland values. However, only 7% of respondents expect ag land values to go up in the first quarter of 2026, with 20% expecting a drop. Survey respondents predicted capital expenditures by farmers would once again be lower in the year ahead for land purchases or improvements, as well as for buildings and facilities, machinery, and equipment.
