Acres, the land value research platform launched by AcreTrader of Fayetteville, has released its first transaction-based report on U.S. farmland values and trends.
The Heartland Report leveraged over 37,000 farmland sales from the first quarter of 2020 to the second quarter of 2023, with a spotlight on farmland values in the Corn Belt.
In a news release, the company said the aim of the report is to provide transparency in the rural land industry and support informed decision-making.
Acres said the report offers a unique perspective compared to other farmland value reports or U.S. Department of Agriculture surveys. Report data is drawn from Acres’ expansive and proprietary rural property sales database and includes nuances of state-level land value shifts, such as price per tillable acre, price per soil productivity and USDA crop reporting district breakdowns.
The report provides state-centric benchmarks for Iowa, Illinois, Indiana, Minnesota, Nebraska, Missouri, Ohio and Wisconsin. It also provides data on the volume of farmland transactions and the total acreage sold across the Heartland states, including seasonality of transactions.
“This is likely the most comprehensive analysis of farmland values based on real transactions that have ever been done in the Midwest, and we combine those transactions with important regional productivity information to create a really unique farmland values analysis,” Aaron Shew, Acres data science director, said in the release.
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