After three consecutive declines since its 2013 peak, the average land value for all qualities of farmland saw its first increase. The estimated $7,326 per acre statewide average for all qualities of land represents a 2.0 percent increase from November 2016. To many, this recent 2.0 percent indicates a turnaround of the farmland market—58 percent of the respondents to the 2017 ISU survey expected another hike in their counties’ land value a year from now. However, as opposed to a result of improving farm income, this recent increase in land market is mainly driven by limited land supply. Given the rising interest rate and heightening farm financial stress across the Midwest, this recent bump could likely be just a temporary break in a continued downward adjustment in the farmland market.