What does the US Agriculture Land Prices Index Annual measure?

It measures nominal and inflation-adjusted agricultural land price trends across the Seventh Federal Reserve District in the United States. The series captures annual changes and state-level indices to distinguish real value growth from general price inflation.

How far back does the data go and how often is it published?

The data is published annually by the Federal Reserve Bank of Chicago via AgLetter and covers series beginning in 1970.

Which state breakdowns are available in this table?

The table includes separate indices for Illinois, Indiana, Iowa, and Wisconsin within the Seventh Federal Reserve District of the United States.

How do nominal and inflation-adjusted land prices differ?

Nominal land prices reflect raw market transaction values, whereas inflation-adjusted land prices use the personal consumption expenditures price index to show real purchasing power and remove general price inflation.

US Agriculture Land Prices Index Annual

Name: US Agriculture Land Prices Index Annual
Creator: Chicago FED (AgLetter — Seventh District agricultural real estate)
License: https://creativecommons.org/licenses/by/4.0/

US regional agriculture land prices index and annual change.

Source: Chicago FED (AgLetter — Seventh District agricultural real estate)Last updated: Sep 21, 2026, 14:59Curated by Bui Thanh PhucAbout this data ↓

Indicator	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983	1982	1981	1980	1979	1978	1977	1976	1975	1974	1973	1972	1971	1970
Nominal Land Price Index	666.3	628.6	634.9	599	534.8	438.36	413.5	413.5	413.5	409.45	413.59	426.4	439.6	418.63	360.9	295.81	259.48	251.93	237.67	199.72	181.56	163.57	143.48	132.85	121.88	114.99	107.46	105.36	103.29	93.05	83.83	79.09	73.23	69.74	68.37	67.7	65.09	61.41	54.83	50.77	57.69	72.11	84.84	84	100	99.01	92.53	81.17	69.38	61.39	47.96	39.31	31.96	25.78	24.09	23.16
Inflation-Adjusted Land Price Index	222.66	215.59	223.46	218.82	208.16	177.64	169.46	171.89	175.41	176.7	180.29	186.21	194.66	187.83	164.94	138.62	123.77	119.83	116.39	100.32	93.77	86.91	78.13	73.86	68.65	66.07	63.31	62.97	62.22	57.03	52.48	50.55	47.78	46.64	46.95	48.04	48.22	47.47	44.04	42.04	48.81	63.15	77.1	79.58	100	107.88	111.68	106.67	97.51	91.91	75.74	67.26	60.37	51.31	49.59	49.71
Year-over-Year Change	6	-1	6	12	22	6	0	0	1	-1	-3	-3	5	16	22	14	3	6	19	10	11	14	8	9	6	7	2	2	11	11	6	8	5	2	1	4	6	12	8	-12	-20	-15	1	-16	1	7	14	17	13	28	22	23	24	7	4	1
INDEX BY STATE4
Illinois	586	569	587	564	495	419	396	400	400	404	412	429	442	402	341	282	247	242	228	195	182	163	142	129	118	116	111	113	117	107	99	91	84	76	74	73	69	65	57	53	58	73	87	81	100	104
Indiana	929	853	879	821	668	547	502	492	492	483	473	493	503	441	401	316	280	259	261	220	205	188	165	153	140	132	123	125	123	109	92	86	77	72	70	70	69	63	57	53	60	72	81	78	100	105
Iowa	632	591	603	609	549	422	402	394	398	386	394	415	446	455	380	297	243	234	223	181	159	143	129	116	106	102	95	94	99	87	78	74	70	69	66	65	61	57	48	43	49	64	82	83	100	97
Wisconsin	941	863	799	701	632	564	527	538	538	527	512	502	492	483	435	368	341	341	294	258	234	202	171	165	151	137	125	113	99	88	82	78	72	70	69	71	70	67	65	65	70	85	91	93	100	96

Latest reading

Inflation-Adjusted Land Price Index stood at 222.66 in 2025. That is +3.3% from 2024. The series on this page is annual and runs from 1970 to 2025. Source: Chicago FED (AgLetter — Seventh District agricultural real estate).

Latest: 222.66; 2025
vs previous period: +3.3%; 2024

About this data

US regional agriculture land prices index and annual change. This annual Chicago Fed series tracks nominal and real land values since 1970. It includes four Midwest states and inflation-adjusted figures using the PCE price index. Use it to evaluate real farm real estate trends.

Frequently asked questions

What does the US Agriculture Land Prices Index Annual measure?: It measures nominal and inflation-adjusted agricultural land price trends across the Seventh Federal Reserve District in the United States. The series captures annual changes and state-level indices to distinguish real value growth from general price inflation.
How far back does the data go and how often is it published?: The data is published annually by the Federal Reserve Bank of Chicago via AgLetter and covers series beginning in 1970.
Which state breakdowns are available in this table?: The table includes separate indices for Illinois, Indiana, Iowa, and Wisconsin within the Seventh Federal Reserve District of the United States.
How do nominal and inflation-adjusted land prices differ?: Nominal land prices reflect raw market transaction values, whereas inflation-adjusted land prices use the personal consumption expenditures price index to show real purchasing power and remove general price inflation.