Farmland Values Hold Steady

Land values for the Dakotas and western Minnesota are holding steady despite the reduction in commodity prices and higher-than-normal interest rates.  Farmers National Company Northern Area Vice President Terry Longtin, said the farmland market is resilient. “There’s a little less supply in the market that we’ve seen in ’22 and ’23; there’s less bidders but that’s still enough buyers to keep the land markets strong.” Farmers National Company reports an above-average level of auctions into the first quarter of 2025.