Farmland values in Michigan remain "resilient" at $15K - 19K per acre

Source: Michigan Farm Bureau

Michigan land values showed “remarkable resilience and strength” in the latter part of 2025, according to Jay Van Gorden, area sales manager for Farmers National Co. (FNC), a national landowner service provider.

This is especially the case for high-quality farmland, said Van Gorden, which is still near record levels.

“Farmers National has seen multiple sales in the $15,000 to $19,000 per acre range in the past few weeks in our Eastern Region for highly tillable, productive soils in strong farming areas,” Van Gorden wrote in FNC’s January 2026 report.

According to Jay Van Gorden, area sales manager for Farmers National Co., there’s a strong mix of investor and active farmer buyers, with 1031 tax-deferred exchange funds from the sale of development land supporting strong prices for highly tillable, productive farmland. | Photo by Andrew Heinitz, Clinton County Farm Bureau

“1031 tax-deferred exchange funds from the sale of development land in urban areas continue to support strong land prices. Additionally, some post-harvest commodity price increases and a limited supply of land for sale relative to interested buyers continue to boost land values.”

According to Van Gorden, who covers U.S. farmland in the East Region (Michigan, Indiana, Ohio and Kentucky), there’s a strong mix of investor and active farmer buyers. He said that despite farms having a lower percentage of tillable acres, woodland, and/or in medium-productivity soils, that land “still fetch(es) prices near the top of the range for their type.”

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