Farmland values showed signs of softening in the first quarter of 2026 after several years of historically strong growth. “I don’t want to oversell the decline and you can see that it was kind of mixed depending on where you look, but overall, the Ninth Federal Reserve District saw a decline in the average price for an acre of non-irrigated farmland by just below one percent, which is not that significant,”said Federal Reserve Bank of Minneapolis Regional Economist Joe Mahon. The Minneapolis Fed released its quarterly ag credit report this past week.
