Unlocking the Value of Midwest Farmland: A Comprehensive Guide to Current Land Prices and Expert Insights - January 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:
Factors Influencing Farmland Values in Minnesota, South Dakota, Nebraska, and Missouri
In January 2025, farmland prices in Minnesota, South Dakota, Nebraska, and Missouri continued to reflect broader regional trends, with values influenced by interest rates, input costs, and commodity prices. For the eighth time in the past nine months, farmland prices in the Rural Mainstreet region fell below growth neutral. Bank CEOs reported ongoing challenges, particularly for grain farmers facing lower crop prices and rising expenses. Despite these pressures, land values remained relatively stable, with some pockets of strength driven by strong demand for high-quality, tillable acres. Looking ahead, farmland prices in these states will likely be shaped by interest rate policies, farm profitability, and investor activity in the agricultural sector.
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
Recent Farmland Sales Data
Let’s dive into the latest sales data, including county location, land size by acre amount, soil productivity ratings, and sale prices per acre and total price in the table below. By analyzing this data, you can get a clearer picture of how your property may be valued in the current market.
**Results of all sales from each state for the month can be found in a table at the bottom of this blog**
Iowa Farmland Sales Results from January 2025 BLOG HERE
Illinois Farmland Sales from January 2025 BLOG HERE
Average Price of Farmland in Minnesota – 80% or more tillable Farms
• In the month of December, a total of 1,274.79 acres were sold in Minnesota by the auction or private listing method. These results are from 80% or more tillable farm sales.
• The current average per acre price for land in Minnesota according to these January sales is $8,364/acre.
• The highest selling dollars per acre farm went to 160.16 acres in Rock County that sold for $14,400/acre on January 21st. This farm is 95% tillable and has a 95 CPI which calculates to be $161/CPI.
Average Price of Farmland in South Dakota – 80% or more tillable Farms
• In the month of January, a total of 608.56 acres were sold in South Dakota by the auction or private listing method. These results are from 80% or more tillable farm sales.
• The current average per acre price for land in South Dakota according to these January sales is $7,680/acre.
• The highest selling dollars per acre farm went to 93.48 acres in Union County that sold for $10,200/acre on January 21st. This farm is 96% tillable and has a 70.8 CPI which calculates to be $144/CPI.
Average Price of Farmland in Nebraska – 80% or more tillable Farms
• In the month of January, a total of 746.82 acres were sold in Nebraska by the auction or private listing method. These results are from 80% or more tillable farm sales.
• The current average per acre price for land in Nebraska according to these January sales is $6,813/acre.
The highest selling dollars per acre farm went to 38.82 acres in Lancaster County that sold for $10,003/acre on January 15th. This farm is 92% tillable and has a 56.3 NCCPI which calculates to be $178/NCCPI.
Average Price of Farmland in Missouri – 80% or more tillable Farms
• In the month of January, a total of 170.37 acres were sold in Missouri by the auction or private listing method. These results are from 80% or more tillable farm sales.
• The current average per acre price for land in Missouri according to these January sales is $15,171/acre.
• The highest selling dollars per acre farm went to 40.77 acres in Dunklin County that sold for $16,695/acre on January 14th. This farm is 100% tillable and has a 81 NCCPI which calculates to be $206/NCCPI.
**Results of all sales from each state for the month can be found in a table at the bottom of this blog**
Iowa Farmland Sales Results from January 2025 BLOG HERE
Illinois Farmland Sales from January 2025 BLOG HERE
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 | $/Acre | Total Price | Tillable Acres | % Tillable | Soil Score | $/CPI |
|---|---|---|---|---|---|---|---|---|
| Martin | 01/07/2025 | 101.11 | $11,700 | $1,182,987 | 95.89 | 94.84 | 92.9 | $126 |
| Martin | 01/07/2025 | 40.10 | $7,500 | $300,750 | 39.34 | 98.10 | 91.1 | $82 |
| Brown | 01/08/2025 | 160.36 | $9,200 | $1,475,312 | 157.97 | 98.51 | 91.4 | $101 |
| Rock | 01/21/2025 | 80.09 | $14,400 | $1,153,296 | 75.67 | 94.48 | 89.3 | $161 |
| Rock | 01/21/2025 | 80.07 | $14,400 | $1,153,008 | 76.38 | 95.39 | 94.1 | $153 |
| Swift | 01/24/2025 | 164.97 | $6,100 | $1,006,317 | 160.71 | 97.42 | 54.3 | $112 |
| Swift | 01/24/2025 | 143.44 | $6,500 | $932,360 | 141.67 | 98.77 | 57.2 | $114 |
| Marshall | 01/27/2025 | 121.50 | $3,000 | $364,500 | 116.44 | 95.84 | 92.3 | $33 |
| Marshall | 01/27/2025 | 160.00 | $3,000 | $480,000 | 155.80 | 97.38 | 94.0 | $32 |
| Clay | 01/29/2025 | 73.97 | $7,900 | $584,363 | 71.22 | 96.28 | 91.7 | $86 |
| Clay | 01/29/2025 | 149.18 | $8,300 | $1,238,194 | 143.93 | 96.48 | 90.1 | $92 |
| Totals/Averages | 1274.79 | $8,364 | $9,871,087 | 1235.02 | 96.68 | 85.3 | $99 |
South Dakota Farmland Recent Sales
| County | Date Sold | Total Acres | $/Acre | Total Price | Tillable Acres | % Tillable | Soil Score | $/CPI |
|---|---|---|---|---|---|---|---|---|
| Union | 01/14/2025 | 86.34 | $8,600 | $742,524 | 82.59 | 95.66 | 61.1 | $141 |
| Union | 01/14/2025 | 229.20 | $7,000 | $1,604,400 | 215 | 93.80 | 70.6 | $99 |
| Union | 01/21/2025 | 93.48 | $10,200 | $953,496 | 89.95 | 96.22 | 70.8 | $144 |
| Hutchinson | 01/24/2025 | 39.54 | $8,400 | $332,136 | 37.93 | 95.93 | 77.3 | $109 |
| Hand | 01/30/2025 | 160.00 | $4,200 | $672,000 | 157.70 | 98.56 | 79.8 | $53 |
| Totals/Averages | 608.56 | $7,680 | $4,304,556 | 583.17 | 96.04 | 71.9 | $109 |
Nebraska Farmland Recent Sales
| County | Date Sold | Total Acres | $/Acre | Total Price | Tillable Acres | % Tillable | Soil Score | $/NCCPI |
|---|---|---|---|---|---|---|---|---|
| Gosper | 01/30/2025 | 320.00 | $5,650 | $1,808,000 | 307.30 | 96.03 | 68.3 | $83 |
| Lancaster | 01/16/2025 | 38.82 | $10,003 | $388,300 | 36 | 92.74 | 56.3 | $178 |
| Morrill | 01/09/2025 | 68.00 | $3,350 | $227,800 | 65.00 | 95.59 | 41.9 | $80 |
| Holt | 01/07/2025 | 320.00 | $8,250 | $2,640,000 | 280 | 87.50 | 40.8 | $202 |
| Totals/Averages | 746.82 | $6,813 | $5,064,100 | 688.3 | 92.96 | 51.8 | $136 |
Missouri Farmland Recent Sales
| County | Date Sold | Total Acres | $/Acre | Total Price | Tillable Acres | % Tillable | Soil Score | $/NCCPI |
|---|---|---|---|---|---|---|---|---|
| Dunklin | 01/14/2025 | 40.00 | $14,310 | $572,400 | 40.00 | 100.00 | 73.5 | $195 |
| Dunklin | 01/14/2025 | 20.00 | $14,840 | $296,800 | 19.83 | 99.15 | 74.6 | $199 |
| Dunklin | 01/14/2025 | 40.77 | $16,695 | $680,655 | 40.77 | 100.00 | 81.0 | $206 |
| Dunklin | 01/15/2025 | 69.60 | $14,840 | $1,032,864 | 69.52 | 99.89 | 78.2 | $190 |
| Totals/Averages | 170.37 | $15,171 | $2,582,719 | 170.12 | 99.76 | 76.8 | $197 |
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.