Market Context
Throughout 2025, U.S. farm real estate values continued their upward trajectory, though at a slower pace compared to previous years. According to USDA’s National Agricultural Statistics Service (NASS), agricultural real estate values rose by 4.3%, or $180 per acre, bringing the national average to $4,350 per acre.
This marks the fifth consecutive annual increase, following a 5% rise between 2023 and 2024.
Cash rent values for cropland also hit a record $161 per acre, while pastureland rents held steady at $16 per acre. However, higher interest rates and weaker commodity prices have tempered buyer aggressiveness, signaling a more cautious market overall.
Despite these headwinds, the Sioux County auction demonstrates that quality farmland remains a prized asset. Strong soil ratings, location advantages, and long-term value continue to drive competitive bidding among farmer-buyers.
As the agricultural sector navigates shifting economic conditions, this record-breaking sale serves as a reminder: premium farmland commands premium prices.
Photo Credit: USDA’s National Agricultural Statistics Service