Unlocking the Value of Midwest Farmland: A Comprehensive Guide to Current Land Prices and Expert Insights - February 2025 Report
Welcome to Our Monthly Midwest Farmland Value Report
In this monthly report, Jason Smith, Land Broker and Auctioneer dives into Midwest farmland values, helping you understand the factors that determine what your farm is potentially worth. Our goal as auctioneers and farmland real estate agents is to provide you with up-to-date information, recent sales data, expert insights, and tips for maximizing the potential value of your farmland sale. Let us answer the questions you have about selling farmland in Minnesota. Contact us today for a free consultation.
Understanding Midwest Farmland Values:
Creighton University Rural Mainstreet Index (RMI) – February 2025 Update
According to the February 2025 Creighton Rural Mainstreet Index (RMI), farmland prices in the Midwest remain strong despite ongoing economic uncertainty. The overall RMI for the 10-state region, which includes Iowa, Minnesota, Nebraska, South Dakota, Missouri, and Illinois, fell slightly to 38.2 in February, down from 42.5 in January.
RMI Outlook on Farmland Prices
-
Positive Factors: Stable interest rates, continued demand for high-quality farmland, and limited inventory have helped maintain farmland prices at historically high levels.
-
Challenges: Bank CEOs surveyed expressed concerns about rising input costs and potential softness in the agricultural economy later in 2025. However, farmland prices have shown resilience, and most bankers anticipate stable to slightly higher prices through mid-2025.
Jason Smith, Broker | Auctioneer
Founder, Farmland Auctioneer & Land Broker
Jason is a veteran farm real estate auctioneer with many awards and accolades. He is among the top Farmland Auctioneers in the Midwest. Licensed in Iowa, Minnesota, Nebraska and South Dakota.
Email: [email protected] | Phone: 515-537-6633
February 2025 Farmland Sales & Prices Across the Midwest
Staying up to date on farmland prices is crucial for buyers and sellers. Below, we break down recent sales data, including county locations, land size, soil productivity ratings, and sale prices per acre. By analyzing this data, you can gain insight into the current farmland market and what your property may be worth.
Midwest Farmland Sales – February 2025
Minnesota Farmland Sales – February 2025
Average price of farmland in Minnesota (80%+ tillable farms)
-
Total acres sold: 1,268 acres (auction & private listings)
-
Average price per acre: $10,981.90
-
Average price per tillable acre: $11,536.61
🏆 Highest Sale: 188.35 acres in Goodhue County sold for $13,200/acre on February 12th.
-
Tillable Percentage: 94.5%
-
Crop Productivity Index (CPI): 82.9
-
Price per CPI: $159
South Dakota Farmland Sales – February 2025
Average price of farmland in South Dakota (80%+ tillable farms)
-
Total acres sold: 1,956.25 acres
-
Average price per acre: $8,819.45
-
Average price per tillable acre: $9,456.00
🏆 Highest Sale: 130 acres in Minnehaha County sold for $15,000/acre on February 4th.
-
Tillable Percentage: 94%
-
CPI: 73.5
-
Price per CPI: $204
Nebraska Farmland Sales – February 2025
Average price of farmland in Nebraska (80%+ tillable farms)
-
Total acres sold: 1,867 acres
-
Average price per acre: $9,562.00
-
Average price per tillable acre: $10,060.00
🏆 Highest Sale: 155.62 acres in Hall County sold for $13,500/acre on February 26th.
-
Tillable Percentage: 97%
-
National Commodity Crop Productivity Index (NCCPI): 75.4
-
Price per NCCPI: $179
Missouri Farmland Sales – February 2025
Average price of farmland in Missouri (80%+ tillable farms)
-
Total acres sold: 1,336 acres
-
Average price per acre: $9,126.00
-
Average price per tillable acre: $10,170.00
🏆 Highest Sale: 7 acres in Cooper County sold for $14,857/acre on February 12th.
-
Tillable Percentage: 86%
-
NCCPI: 78.8
-
Price per NCCPI: $189
Full Farmland Sales Data for February 2025
Want to see more detailed sales data? Click below to view farmland prices for each state:
📌 Iowa Farmland Sales – February 2025
📌 Illinois Farmland Sales – February 2025
FAQ: Farmland Prices in 2025
❓ What is the average price of farmland in Iowa in 2025?
✔ The average farmland price in Iowa varies based on location and soil quality. For the latest Iowa sales data, check our Iowa Farmland Sales Report.
❓ How much is farmland selling for in Minnesota this year?
✔ In February 2025, Minnesota farmland averaged $10,981 per acre, with high-quality tillable farms selling for $11,536 per tillable acre.
Minnesota Farmland Recent Sales
Call us about selling your land at (641)423-6400. We can help you safely transition your land ownership using a private sale, public auction or even a private land auction.
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/CPI |
|---|---|---|---|---|---|---|---|---|---|
| Martin | 02/11/2025 | 192.62 | 2,166,975 | $11,250.00 | 187 | 11,588.10 | 97.08 | 94.4 | $119.17 |
| Goodhue | 02/12/2025 | 188.35 | 2,486,220 | $13,200.00 | 178.15 | 13,955.77 | 94.58 | 82.9 | $159.23 |
| Swift | 02/14/2025 | 162.11 | 1,912,898 | $11,800.00 | 159.05 | 12,027.02 | 98.11 | 91.0 | $129.67 |
| Swift | 02/14/2025 | 161.11 | 1,820,543 | $11,300.00 | 147.08 | 12,377.91 | 91.29 | 92.0 | $122.83 |
| Sibley | 02/18/2025 | 87.69 | 921,271 | $10,506.00 | 84.23 | 10,937.56 | 96.05 | 85.7 | $122.59 |
| Sibley | 02/18/2025 | 69.70 | 757,151 | $10,863.00 | 67.01 | 11,299.07 | 96.14 | 86.8 | $125.15 |
| Clay | 02/19/2025 | 148.71 | 1,293,777 | $8,700.00 | 148.71 | 8,700.00 | 100.00 | 89.2 | $97.53 |
| Clay | 02/19/2025 | 160.00 | 1,440,000 | $9,000.00 | 157.54 | 9,140.54 | 98.46 | 89.1 | $101.01 |
| Waseca | 02/25/2025 | 58.82 | 682,312 | $11,600.00 | 51.97 | 13,128.96 | 88.35 | 94.5 | $122.75 |
| Waseca | 02/25/2025 | 39.16 | 454,256 | $11,600.00 | 37.20 | 12,211.18 | 94.99 | 92.0 | $126.09 |
| Averages/Totals | 1,268.27 | 13,935,403 | $10,981.90 | 1217.94 | 11,536.61 | 95.51 | 89.8 | $122.60 |
South Dakota Farmland Recent Sales
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/CPI |
|---|---|---|---|---|---|---|---|---|---|
| Minnehaha | 02/04/2025 | 130.00 | 1,950,000.00 | 15,000.00 | 123.10 | 15,840.78 | 94.69 | 73.5 | 204.08 |
| Lake | 02/05/2025 | 282.63 | 3,278,508.00 | 11,600.00 | 244.00 | 13,436.51 | 86.33 | 70.9 | 163.61 |
| Hand | 02/06/2025 | 318.96 | 2,360,304.00 | 7,400.00 | 308.66 | 7,646.94 | 96.77 | 79.1 | 93.55 |
| Hamlin | 02/06/2025 | 83.96 | 1,133,460.00 | 13,500.00 | 80 | 14,168.25 | 95.28 | 86.6 | 155.89 |
| Union | 02/10/2025 | 150.20 | 1,411,880.00 | 9,400.00 | 134.00 | 10,536.42 | 89.21 | 75.4 | 124.67 |
| Brookings | 02/10/2025 | 152.00 | 1,208,400.00 | 7,950.00 | 139.57 | 8,658.02 | 91.82 | 48.2 | 164.94 |
| Campbell | 02/11/2025 | 160.00 | 1,040,000.00 | 6,500.00 | 155 | 6,709.68 | 96.88 | 82.3 | 78.98 |
| McPherson | 02/13/2025 | 280.00 | 297,920.00 | 1,064.00 | 259.15 | 1,149.60 | 92.55 | 50.7 | 20.99 |
| McPherson | 02/13/2025 | 159.00 | 890,400.00 | 5,600.00 | 145.73 | 6,109.93 | 91.65 | 80.8 | 69.31 |
| McPherson | 02/13/2025 | 79.50 | 405,450.00 | 5,100.00 | 75.29 | 5,385.18 | 94.70 | 78.0 | 65.38 |
| Deuel | 02/13/2025 | 160.00 | 2,224,000.00 | 13,900.00 | 154.64 | 14,381.79 | 96.65 | 82.4 | 168.69 |
| Averages/Totals | 1,956.25 | 16,200,322.00 | 8,819.45 | 1,819.14 | 9,456.65 | 93.32 | 73.4 | 119.10 |
Nebraska Farmland Recent Sales
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/NCCPI |
|---|---|---|---|---|---|---|---|---|---|
| Lancaster | 02/05/2025 | 80.00 | 1,002,430 | $12,530.38 | 71 | 14,118.73 | 88.75 | 59.2 | $211.66 |
| Merrick | 02/06/2025 | 160.00 | 800,000 | $5,000.00 | 144.26 | 5,545.54 | 90.16 | 51.9 | $96.34 |
| Buffalo | 02/06/2025 | 256.63 | 2,335,333 | $9,100.00 | 245 | 9,531.97 | 95.47 | 68.4 | $133.04 |
| Buffalo | 02/11/2025 | 120.00 | 720,000 | $6,000.00 | 117 | 6,153.85 | 97.50 | 75.6 | $79.37 |
| Nemaha | 02/19/2025 | 113.50 | 488,050 | $4,300.00 | 95 | 5,137.37 | 83.70 | 64.4 | $66.77 |
| Polk | 02/19/2025 | 160.00 | 2,112,000 | $13,200.00 | 157.32 | 13,424.87 | 98.33 | 66.9 | $197.31 |
| Seward | 02/25/2025 | 80.00 | 808,000 | $10,100.00 | 74 | 10,918.92 | 92.50 | 61.5 | $164.23 |
| Seward | 02/25/2025 | 80.00 | 1,064,000 | $13,300.00 | 76 | 14,000.00 | 95.00 | 61.5 | $216.26 |
| Cuming | 02/26/2025 | 120.00 | 1,488,000 | $12,400.00 | 117 | 12,717.95 | 97.50 | 70.7 | $175.39 |
| Hall | 02/26/2025 | 155.62 | 2,100,870 | $13,500.00 | 151 | 13,913.05 | 97.03 | 75.4 | $179.05 |
| Hall | 02/26/2025 | 64.13 | 545,105 | $8,500.00 | 63 | 8,652.46 | 98.24 | 55.9 | $152.06 |
| Hall | 02/26/2025 | 162.50 | 893,750 | $5,500.00 | 150 | 5,958.33 | 92.31 | 32.1 | $171.34 |
| Antelope | 02/26/2025 | 159.26 | 1,751,860 | $11,000.00 | 149.43 | 11,723.62 | 93.83 | 56.8 | $193.66 |
| Dodge | 02/27/2025 | 80.00 | 696,000 | $8,700.00 | 79 | 8,810.13 | 98.75 | 54.6 | $159.34 |
| Hamilton | 02/27/2025 | 75.57 | 778,371 | $10,300.00 | 75.52 | 10,306.82 | 99.93 | 66.5 | $154.89 |
| Averages/Totals | 1,867.21 | 17,583,769 | $9,562.03 | 1,764.53 | 10,060.91 | 94.60 | 61.4 | $156.71 |
Missouri Farmland Recent Sales
| County | Date Sold | Total Acres | $/Acre | Total Price | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/NCCPI |
|---|---|---|---|---|---|---|---|---|---|
| Shelby | 02/12/2025 | 77.00 | $8,600 | $662,200 | 71.00 | 9,326.76 | 92.21 | 65.8 | $131 |
| Cooper | 02/12/2025 | 10.00 | $12,800 | $128,000 | 8 | 16,000.00 | 80.00 | 83.0 | $154 |
| Cooper | 02/12/2025 | 23.00 | $9,652 | $222,000 | 21 | 10,571.43 | 91.30 | 83.7 | $115 |
| Cooper | 02/12/2025 | 7.00 | $14,857 | $104,000 | 6 | 17,333.33 | 85.71 | 78.8 | $189 |
| Scotland | 02/17/2025 | 39.20 | $9,150 | $358,680 | 35.10 | 10,218.80 | 89.54 | 71.4 | $128 |
| Scotland | 02/17/2025 | 40.00 | $6,850 | $274,000 | 36.48 | 7,510.96 | 91.20 | 65.0 | $105 |
| Marion | 02/19/2025 | 95.00 | $14,600 | $1,387,000 | 95.00 | 14,600.00 | 100.00 | 69.3 | $211 |
| Marion | 02/19/2025 | 128.00 | $14,600 | $1,868,800 | 126.62 | 14,759.12 | 98.92 | 69.5 | $210 |
| Scotland | 02/21/2025 | 31.00 | $9,000 | $279,000 | 28.57 | 9,765.49 | 92.16 | 73.8 | $122 |
| Scotland | 02/21/2025 | 80.00 | $8,450 | $676,000 | 75.13 | 8,997.74 | 93.91 | 75.9 | $111 |
| Scotland | 02/21/2025 | 75.70 | $7,750 | $586,675 | 70.00 | 8,381.07 | 92.47 | 64.8 | $120 |
| Knox | 02/21/2025 | 82.70 | $7,500 | $620,250 | 69.63 | 8,907.80 | 84.20 | 64.0 | $117 |
| Knox | 02/21/2025 | 154.50 | $5,050 | $780,225 | 136.00 | 5,736.95 | 88.03 | 61.4 | $82 |
| Knox | 02/21/2025 | 80.00 | $5,650 | $452,000 | 69.76 | 6,479.36 | 87.20 | 62.3 | $91 |
| Knox | 02/21/2025 | 40.31 | $8,250 | $332,558 | 40.31 | 8,250.00 | 100.00 | 64.4 | $128 |
| Mercer | 02/27/2025 | 177.60 | $7,300 | $1,296,480 | 142.00 | 9,130.14 | 79.95 | 72.3 | $101 |
| Schuyler | 02/27/2025 | 72.50 | $6,800 | $493,000 | 60.00 | 8,216.67 | 82.76 | 49.3 | $138 |
| Schuyler | 02/27/2025 | 122.50 | $7,400 | $906,500 | 102.00 | 8,887.25 | 83.27 | 63.6 | $116 |
| Averages/Totals | 1,336.01 | $9,126 | $11,427,368 | 1,192.6 | 10,170.72 | 89.60 | 68.8 | $132 |
Rachel Tiffany
Auctioneer & Land Broker
Rachel is a licensed real estate broker assistant, auctioneer, and farmland agent in Iowa and managing broker and auctioneer in Illinois specializing in the sale of farm, land, and rural residential real estate. She is a graduate of Iowa State University, where she received a Bachelor’s in Animal Science with a minor in Agricultural Business. She is also a graduate of the National Auctioneers Association Certified Auctioneer Institute (CAI) school in March 2023. Rachel is eager to answer your questions, talk with you about your farm, and help you gain a deep understanding of your options as a seller. If you’re considering selling land, or even just curious about your options for the future, please don’t hesitate to reach out to her.
Email: [email protected] | Phone: 515-954-8063
Navigating the Selling Process:
Tips for Selling Your Farm
Explore a set of practical tips for successfully selling your farmland by downloading our free eBooks here. Schedule a non obligatory consultation with us today and we will cover everything from when is the best time to sell, a customized marketing plan, sales methods, how we can help you find the right buyer, and answer your questions.
Farm Real Estate Experts in the Midwest
Meet our team of Midwest farm real estate and auction experts who can provide you with valuable guidance and personalized assistance throughout the selling process. If you’re looking to uncover the true value of your Minnesota farm or are considering selling, don’t hesitate to reach out to our experienced team. We’re here to provide you with a customized plan to meet your goals. Contact us today to get started.
Assessing Your Farm’s Worth:
Land Market Analysis Appraisal Technique
Curious what your farm could sell for? We prepare market analysis for each of our farmland sellers to help you discover and learn what your farm is worth from our market based research and expertise. Fill out our form here to request a market analysis of your farmland or call us at 507-769-0128.