ISPFMRA Mid-Year Survey on Illinois Land Values & Lease Trends

Illinois farmland values softened during the first half of 2025 and are expected to remain steady or decline modestly through the end of the year, according to a mid-year survey by the Illinois Society of Professional Farm Managers and Rural Appraisers (ISPFMRA).

Survey respondents estimated declines from Jan. 1 to July 1 were 2.2% for excellent quality farmland, 3.5% for good and average quality farmland and 3% for fair quality farmland. Nearly a third of respondents (31%) indicated no change in prices during the same period.