“Farmland values tend to reflect the confidence producers have in agriculture’s future which is based on the long-term earning potential of the land, and what we’re currently seeing is farmland values continuing to reflect the long-term strength of agriculture, rather than short-term swings in commodity prices.” IowaCropland benchmark values decreased -0.7 percent over the past 6 months and -2.6 percent over the past 12 months. MinnesotaCropland benchmark values averaged a 1.2 percent increase over the past 6 months and a 5.3 percent increase over the past 12 months. Pasture/ranch benchmark values increased 3.5 percent over the past 6 months and 16.7 percent over the past 12 months. The pasture benchmark increased 0.9% over the past 6 months and 5.6 percent over the past 12 months periods, respectively.