Q2 2026 Agricultural Economy and Land Market Update with Jackson Takach

Every quarter, Jackson Takach sees what most people in agriculture do not. As Chief Economist and Vice President of Farm and Ranch at Farmer Mac, the secondary market that quietly powers ag lending across the country, he watches credit demand, land transactions, farm bankruptcies, and commodity market signals from a vantage point very few people have access to. This conversation is his Q2 2026 read on all of it.

Jackson covers why the number one buyer of farmland is still the farmer next door, why all-cash land purchases have given way to more mortgage activity, and what the transition from Powell to Worsh at the Fed could mean for long-term borrowing costs. He breaks down the Strait of Hormuz situation and how a single blocked shipping lane sends diesel prices, nitrogen fertilizer costs and grocery bills climbing in slow motion across the entire US economy. He also addresses the rise in farm bankruptcies, where the stress is concentrated and why the headline numbers are less alarming than they appear, and gives his honest outlook on whether 2026 shapes up as a break-even year or something worse for row crop producers.

For anyone with money in land, a loan tied to agriculture, or a farm operation to run through the rest of this year, this is the overhead view you need.

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