The U.S. agricultural land market is shifting after years of steady growth. Although land values are still historically high, current signs indicate a more complex situation driven by local and regional factors rather than nationwide trends. “After years of steady growth, we’re seeing the farmland market stabilize,” said Colton Lacina, senior vice president of real estate options at Farmers National Company. “This isn’t a sign of collapse but a recalibration that reflects current commodity prices, input costs, and regional production conditions.”
Farmland demand now varies widely by location. Areas with high crop yields, diversified farms, and dependable groundwater continue to attract buyers and maintain steady values. “Farmland values are increasingly determined locally, sometimes down to the township,” Lacina added. “Buyers are carefully assessing soil quality, the percentage of tillable acres, water access, and how a parcel fits into their operations.” Despite mixed signals, market conditions still remain favorable for most sellers.
-NAFB