Rise in Central Corn Belt Farmland Values Halted in Third Quarter

For the first time in 18 months, the rise in Central Corn Belt farmland values stalled in the third quarter, reports the Federal Reserve Bank of Chicago. Moreover, values for “good” farmland in the bank’s district overall were 2% lower in the third quarter of 2024 than in the second quarter, state Elizabeth Kepner and David Oppedahl who conducted the survey. In addition, their survey found 64% of survey respondents anticipate district farmland values will be stable during the fourth quarter of 2024. However, just 2% anticipate them to move up in the final quarter while 34% expect values to decline.

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