Chicago Fed Data Confirms Stability in Farm Values

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In the August 2026 edition of its AgLetter, the Federal Reserve Bank of Chicago reports that farm values in the Seventh Federal Reserve District held steady y/y in the second quarter. As the below exhibit illustrates, the results were split, with farm values in Illinois and Iowa seeing gains, while those in Wisconsin and Indiana posted y/y losses. However, the Chicago Fed’s economists note that in real terms, farm values in the district declined 3.7% y/y in the quarter. Some lenders commented that “investment activity for data centers and solar and wind farms helped hold up agricultural land values”. The below exhibit is reproduced from the Chicago Fed’s August AgLetter.



Source: Federal Reserve Bank of Chicago


 

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