What's Happening to Farmland Prices in the Midwest Right Now?

About this episode

Dillon Smith provides an update on the farmland prices in western Oklahoma, discussing market trends and pricing strategies.

Oklahoma land broker Dillon Smith returns to The National Land Podcast for a boots-on-the-ground update on the western Oklahoma land market — and delivers the kind of straight talk that only comes from an agent who's actually closing deals. Based in Kingfisher, Dillon breaks down exactly what's moving and what's sitting: cattle pasture is gaining value on the back of a red-hot beef market, wheat ground is softening as input costs outpace grain prices, and recreational hunting land is holding steady for the right tracts in the right spots. The central theme of this episode is pricing discipline. Dillon explains why overpriced listings are stalling out across the board, how he handles the hard conversation with sellers who bought at peak prices and now expect peak returns, and why he believes western Oklahoma has shifted into a buyer's market — where pricing correctly isn't optional, it's the whole ballgame. He also digs into highest-and-best-use analysis, water access as a rising factor in land value near Oklahoma City's suburbs, and the land improvements (ponds, fences, access roads) that are actually moving the needle for sellers. Whether you're buying, selling, or holding…

People in this episode

Guest: Dillon Smith

Topics covered

• farmland prices
• land market
• buyer’s market
• pricing discipline
• land improvements
• agriculture

Keywords

• farmland prices
• Oklahoma land market
• cattle pasture
• wheat ground
• recreational hunting land
• buyer’s market
• land improvements

Mentioned in this episode

Places: Oklahoma, Kingfisher, Oklahoma City, Midwest

More episodes of The National Land Podcast

• Conservation Easements, Rising Seas and Working Lands on Maryland's Eastern Shore · June 12, 2026 · 45 min
• Inside the REALTORS® Land Institute and the Designation Behind America's Best Land Agents · June 5, 2026 · 60 min
• What Happens to Your Tax Bill When You Sell the Farm? DST Strategy & More. · June 1, 2026 · 59 min
• Q2 2026 Agricultural Economy and Land Market Update with Jackson Takach · May 22, 2026 · 47 min
• National Land Realty's New Commission Structure: Pick Your Plan, Keep More, Get More. · May 15, 2026 · 1h 0m
• What Is the Present Use Value Program and Should Your Timberland Be Enrolled? · May 1, 2026 · 54 min