Unlocking the Value of Midwest Farmland: A Comprehensive Guide to Current Land Prices and Expert Insights - June 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:
June 2025 Farmland Market Snapshot: Rural Mainstreet Update
The Rural Mainstreet Index (RMI) rose to 51.9 in June—its highest reading since July 2023—signaling improved short-term optimism across the Midwest ag economy. Still, concerns about farm income, exports, and land values remain strong across the region.
Regional Highlights:
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Farmland values remained under pressure, with the overall index at 40.9, below the growth-neutral mark for the 13th time in 14 months.
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Farm equipment sales remained sluggish for the 22nd month in a row.
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One in four farmers is expected to face negative income in 2025.
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Ag exports declined 18.5% region-wide in early 2025 compared to the same period in 2024, with Mexico remaining the leading export destination.
State-Level Farmland & Export Trends
Minnesota
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RMI: 54.5 (up from 48.2)
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Farmland Price Index: 45.2 (up from 40.9)
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Hiring Index: 57.5 (up from 52.4)
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Ag Exports: Down 24.0% ($90.1M); Mexico leads with 35.1%
South Dakota
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RMI: 52.3 (up from 40.8)
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Farmland Price Index: 43.2 (up from 38.8)
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Hiring Index: 54.9 (up from 49.8)
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Ag Exports: Up 40.4% ($18.4M); Mexico dominates with 79.8%
Missouri
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RMI: 50.3 (up from 40.1)
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Farmland Price Index: 38.2 (up from 33.8)
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Hiring Index: 48.7 (up from 43.6)
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Ag Exports: Down 16.9% ($59.3M); Mexico accounts for 86.2%
Nebraska
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RMI: 52.4 (up from 35.8)
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Farmland Price Index: 41.8 (up from 37.3)
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Hiring Index: 53.1 (up from 48.0)
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Ag Exports: Up 16.6% ($63.1M); Mexico is top buyer with 66.8%
Takeaway:
While economic sentiment is improving across much of the region, falling export values in many states, coupled with soft commodity prices and elevated input costs, continue to limit gains in farmland values. If you’re considering selling farmland in 2025, now may be the time to explore your options before more inventory hits the market later in the year.
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
June 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.
Minnesota Farmland Sales – June 2025
There were no 80% or more tillable farmland sales in June for Minnesota. Check back next month!
South Dakota Farmland Sales – June 2025
Average price of farmland in South Dakota (80%+ tillable farms sold by auction)
- Total acres sold: 192.20 acres
- Average price per acre: $7,525
- Average price per tillable acre: $8,820.52
- Average dollars per CPI: $97.26
🏆 Highest Sale: 33.20 acres in Lincoln County sold for $12,600/acre on June 26th
- Tillable Percentage: 84%
- Crop Productivity Index (CPI): 84.2
- Price per CPI: $149.64
Nebraska Farmland Sales – June 2025
Average price of farmland in Nebraska (80%+ tillable farms sold by auction)
- Total acres sold: 1,330.52 acres
- Average price per acre: $2,647.00
- Average price per tillable acre: $3,224.49
- Average dollars per NCCPI: $48.14
🏆 Highest Sale: 100 acres in Furnas County, NE sold for $5,300/acre on June 6th
- Tillable Percentage: 95%
- National Commodity Crop Productivity Index (NCCPI): 69.4
- Price per NCCPI: $76
Missouri Farmland Sales – June 2025
Average price of farmland in Missouri (80%+ tillable farms sold by auction)
- Total acres sold:540.90 acres
- Average price per acre: $7,840
- Average price per tillable acre: $8,967.12
- Average dollars per NCCPI: $106
🏆 Highest Sale: 155 acres in Marion County, MO sold for $8,200/acre on June 5th
- Tillable Percentage: 92%
- National Commodity Crop Productivity Index (NCCPI): 78.8
- Price per NCCPI: $114
Full Farmland Sales Data for June 2025
Want to see more detailed sales data? Click below to view farmland prices for each state:
📌 Iowa Farmland Sales – June 2025
📌 Illinois Farmland Sales – June 2025
FAQ: How long does it take to sell farmland at auction?
From the time you sign a listing agreement to the final closing, the entire auction process typically takes about 65 to 80 days. It happens in two main phases: the marketing period, which lasts around 30 days and leads up to the auction day, followed by the closing period, which generally takes another 30 to 40 days after the auction is complete.
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.
There was no 80% or more tillable farms that sold in Minnesota during the month of June.
South Dakota Farmland Recent Sales
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/CPI |
|---|---|---|---|---|---|---|---|---|---|
| Lincoln | 06/25/2025 | 33.20 | $418320.00 | $12600.00 | 27.93 | $14977.44 | 84.13 | 84.2 | $149.64 |
| Stanley | 06/24/2025 | 159.00 | $389550.00 | $2450.00 | 146.25 | $2663.59 | 91.98 | 54.6 | $44.87 |
| Totals/Averages | 192.20 | $807870.00 | $7525.00 | 174.18 | $8820.52 | 88.05 | 69.4 | $97.26 |
Nebraska Farmland Recent Sales
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/NCCPI |
|---|---|---|---|---|---|---|---|---|---|
| Furnas | 06/06/2025 | 122.00 | $341,600.00 | $2,800.00 | 118.00 | $2,894.92 | 96.72 | 68.9 | $41.00 |
| Furnas | 06/06/2025 | 324.00 | $453,600.00 | $1,400.00 | 321.00 | $1,413.08 | 99.07 | 62.9 | $22.00 |
| Furnas | 06/06/2025 | 324.00 | $599,400.00 | $1,850.00 | 319.00 | $1,879.00 | 98.46 | 60.0 | $31.00 |
| Furnas | 06/06/2025 | 80.00 | $272,000.00 | $3,400.00 | 74.00 | $3,675.68 | 92.50 | 71.1 | $48.00 |
| Furnas | 06/06/2025 | 75.52 | $286,976.00 | $3,800.00 | 66.02 | $4,346.80 | 87.42 | 64.7 | $59.00 |
| Furnas | 06/06/2025 | 305.00 | $1,250,500.00 | $4,100.00 | 296.00 | $4,224.66 | 97.05 | 68.6 | $60.00 |
| Furnas | 06/06/2025 | 100.00 | $530,000.00 | $5,300.00 | 95.00 | $5,578.95 | 95.00 | 69.4 | $76.00 |
| Totals/Averages | 1,330.52 | $3,734,076.00 | $2,647.00 | 1,289.02 | $3,224.49 | 666.22 | 66.5 | $48.14 |
Missouri Farmland Recent Sales
| County | Date Sold | Total Acres | Total Price | $/Acre | Tillable Acres | $/Tillable Acre | % Tillable | Soil Score | $/NCCPI |
|---|---|---|---|---|---|---|---|---|---|
| Livingston | 06/17/2025 | 81.90 | $614,250 | $7,500 | 64.88 | $9,467.48 | 79.22 | 61.5 | $122 |
| Marion | 06/11/2025 | 155.00 | $1,395,000 | $9,000 | 143.00 | $9,755.24 | 92.26 | 78.8 | $114 |
| Marion | 06/11/2025 | 200.00 | $1,640,000 | $8,200 | 179.00 | $9,162.01 | 89.50 | 78.8 | $104 |
| Marion | 06/11/2025 | 47.00 | $296,100 | $6,300 | 38.00 | $7,792.11 | 80.85 | 76.3 | $83 |
| Pettis | 06/05/2025 | 57.00 | $467,400 | $8,200 | 53.98 | $8,658.76 | 94.70 | 76.0 | $108 |
| Totals/Averages | 540.90 | $4,412,750 | $7,840 | 478.86 | $8,967.12 | 87.31 | 74.3 | $106 |
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.