2024 Sales: $100M–$250M

Who: We have offered specialized help to farm families, heirs, and trustees since 1977 and are relied upon by wealth managers, estate attorneys, and trust managers.

WOW: Appraised a total of 77,000 acres in three states, and our overall transaction volume increased 60 percent from 2023.

What was your take on 2024? The resiliency of land nvestments continued to shine despite the headwinds of higher interest rates and lower commodity prices. We saw pockets of market plateaus and downward trends, specifically for marginal-quality farmland.

How is 2025 shaping up? Transaction volume continues to increase, and we have expanded operations in anticipation of continued strong growth. Appraisals are up significantly.

2024 Sales: $100M–$250M

Who: A land-brokerage firm in the Eastern Corn Belt with 35 full-time agents, we offer private sales, auction sales, acquisitions, appraisals, and farm management. Our agents have an average of 20 years of experience in rural real estate.

WOW: Sold 696 acres of Missouri cropland for $17,241 per acre through auction. The land was partially irrigated with a long history of outstanding yields. We offered it in multiple tracts, but it sold to a single farmer at a price that exceeded the seller’s expectations.

What was your take on 2024? There were declining farm-commodity prices throughout much of the year. Yields were generally good but not record-breaking for most producers. In addition, there was no new Farm Bill, and interest rates came down only 50 basis points. But we finished the year on a nice upward trend with corn prices rallying.

How is 2025 shaping up? We had an increase in the number of sales in the first quarter compared to last year. It appears that there is less land on the market than a year ago. Lack of supply and an improving outlook for farm incomes, especially in livestock, is supportive of prices. Through the first two months of the year, our average sale price per bushel of productivity for 90 percent cropland parcels was at an all-time high.

2024 Sales: $500M–$1B

Who: A multistate brokerage, auction, appraisal, and arm-management business primarily focused on Midwestern farmland.

What was your take on 2024? The Midwestern farmland market saw its first pullback in land values in five years, approximately 5 to 10 percent off, depending on the specific region. Much of that could be attributed to weak commodity prices, poor profit margins and resulting on-farm earnings, and a higher interest-rate environment. Values plateaued during the first half of the year; then the more noticeable weakness showed up in the second half.

How is 2025 shaping up? Early 2025 saw an improvement of land-market conditions over the second half of 2024. In addition to improvement in both corn and soybean prices, direct government payments of $43 per acre for 2024 certified corn acres and $30 per acre for 2024 certified soybean acres were expected. The cash infusion was expected to inject additional liquidity and working capital into the countryside. While land values did not increase in early 2025, the clear weakness that was observable in the land market last fall has generally diminished. The rest of 2025 will depend on grain markets, interest rate movements, crop production, and geopolitical matters involving tariffs and ongoing worldwide conflicts.

2024 Sales: $100M–$250M

Who: A family-owned brokerage that specializes in Iowa farmland, we offer a full- service auction platform, as well as traditional listings.

WOW: Sold the Robert Anderson Estate in Page County, Iowa, for nearly $5 million. The farm consists of 601 acres, of which 535 acres are considered cropland.

What was your take on 2024? The Iowa market was stable, with land values remaining very strong in a majority of the state. Limited land supply, stronger-than-expected yields, steady commodity prices, and plenty of cash buyers kept land prices stable. Overall, we saw 80 percent local operators and 20 percent investors buying farms.

How is 2025 shaping up? It could be volatile, though prices on top-tier Iowa farmland remained stable through the first quarter. We have been busy with numerous farmland auctions and many pending sales in both the tillable farmland and rec-reational property categories. Farm incomes have stabilized but have not increased to a point to push land prices higher. We feel like we are in a holding pattern, with fewer farms coming to the market and trending back to a more traditional sales-volume landscape.

2024 Sales: $250M–$500M

Who: The goal of our team of more than 75 agents,  brokers, and staff is to match exceptional properties with extraordinary people.

WOW: Our agents and brokers averaged four times the national average in per-person production.

What was your take on 2024? It was a strong market for farmland, ranch properties, and recreational land in the rural Midwest.

How is 2025 shaping up? Land sales started strong, and Midwest rural property continues to show very high demand. It is neither a buyer’s nor a seller’s market. Just an overall robust market.

2024 Sales: $100M–$250M

Who: We assist clients in the acquisition, sale, appraisal, and management of agricultural properties throughout the US, focusing on farmland, transitional property, and recreational tracts.

WOW: Listed and sold 1,035 contiguous acres in Kane County, Illinois, just west of the Chicago suburbs.

What was your take on 2024? Strong buyer demand combined with limited supply kept farmland values steady throughout the year despite decreased farm profitability and the higher interest rate environment.

How is 2025 shaping up? Buyer activity has picked up, but the supply of farms that is available for sale is limited. Sales were brisk through the first quarter, with land prices holding steady. Demand for farmland remains strong, especially from 1031 exchange buyers.

2024 Sales: $100M–$250M

Who: We assist clients in the acquisition, sale, appraisal, and management of agricultural properties throughout the US, focusing on farmland, transitional property, and recreational tracts.

WOW: Listed and sold 1,035 contiguous acres in Kane County, Illinois, just west of the Chicago suburbs.

What was your take on 2024? Strong buyer demand combined with limited supply kept farmland values steady throughout the year despite decreased farm profitability and the higher interest rate environment.

How is 2025 shaping up? Buyer activity has picked up, but the supply of farms that is available for sale is limited. Sales were brisk through the first quarter, with land prices holding steady. Demand for farmland remains strong, especially from 1031 exchange buyers.

2024 Sales: $100M–$250M

Who: We specialize in rural real estate, including recreational properties, farmland, and rural residential properties. We cater to outdoor lifestyles: hunting, fishing, and farming.

WOW: Overwhelming demand from sellers wanting to auction their properties instead of offering them as traditional listings.

What was your take on 2024? Ohio remained a sought-after destination for recreational properties. Online auctions are becoming more popular. This allows a broader audience to bid, increasing competition and potentially driving up prices.

How is 2025 shaping up? We expect the Ohio rural real estate market to remain strong with steady activity for properties that offer outdoor experiences and iand investment opportunities.

2024 Sales: $50M–$100M

Who: We specialize in Indiana real estate opportunities, including lakefront properties, farmland with tillable acreage, and wooded tracts for deer and turkey hunting.

WOW: We won Mossy Oak Properties’ Office of the Year award for the fourth time in five years.

What was your take on 2024? It was very slow until summer. Then it started to pick up. The end of the year was very strong.

How is 2025 shaping up? The start of the year was amazing. We had our biggest month ever in January. Properties are selling, and we are getting a lot of quality listings so far. If this keeps up, we will have one of our best years ever.

2024 Sales: $50M–$100M

Who: Serving Missouri and Arkansas, our certified land specialists use marketing and online service outlets to ensure that properties receive maximum exposure.

What was your take on 2024? Recreational sales were at an all-time high, especially for waterfowl-centric land.

How is 2025 shaping up? We headed into 2025 with a full head of steam and expect it to be yet another record year.

2024 Sales: $50M–$100M

Who: Founded in 2014, we specialize in rural farm, ranch, timber, and recreational properties in nine Central Midwestern states. We have also added auction and residential services.

WOW: We achieved more than 20 percent growth in sales volume over 2023.

What was your take on 2024? It was another strong year in land sales, with a higher ratio of cash buyers than in previous years.

How is 2025 shaping up? Another record-setting year for us.

2024 Sales: $50M–$100M

Who: Family-owned since 1989, we specialize in Iowa and Missouri farmland, hunting properties, and recreational tracts. We offer market knowledge and solutions for investors, farmers, and outdoor enthusiasts through traditional listings, auctions, and farm-management services.

What was your take on 2024? The market remained active with strong demand, especially for recreational and hunting properties. Farmland prices held steady, and interest in quality tracts persisted. While demand was high, pricing varied. Some areas remained strong, while others showed signs of softening as buyers became more selective and value-conscious.

How is 2025 shaping up? Early signs show steady demand for most land types, though buyers are more selective. Sale prices vary widely. Recreational land remains strong, while farmland is showing the greatest price variance due to commodity pricing and economic factors.

2024 Sales: $100M–$250M

Who: We specialize in hunting land, farms and ranchland, waterfront properties, and country homes throughout the Midwest.

WOW: Our Kansas office helped a client buy a 3,400-acre ranch.

What was your take on 2024? It was challenging, with the number of transactions down compared to recent years. On the other hand, sales for larger tracts of land were up last year.

How is 2025 shaping up? It looks like it might be our best year to date, with large land transactions being at the forefront.

2024 Sales: $50M–$100M

Who: A full-service auction and real estate firm serving all of Iowa since 2008. Our primary focus is agricultural real estate.

WOW: Developed an auction campaign for 636 acres in Guthrie County, Iowa, that resulted in the sale of eight farming tracts for more than $9.5 million.

What was your take on 2024? The Midwest farmland market saw a slight dip of about five percent, largely due to the emotion of operators and potential buyers.
Commodity prices dropped, which took the wind out of the sails. But demand for high-quality land remained steady, and the market showed its resilience.

How is 2025 shaping up? We are seeing positive momentum and stronger headwinds. While some adjustments may continue, demand for quality land remains high. Interest is far from cooling, and the year holds significant potential for growth and opportunity.