Abstract Restoring degraded peatlands is a promising strategy for mitigating carbon emissions. Large‐scale landscape transformations, such as rewetting of land used for intensive agriculture, often lead to conflicts. Elicitation of the relational values acting as barriers to landscape transformation may support the resolution or taming of such conflicts. This study aimed to explore the relational values associated with a transforming peatland site in Northern Germany. We focused on the value of living and non‐living peat landscape elements; cultural heritage values and identities; educational values; spiritual values; recreational values; and sensory, affective and cognitive experiences. Additionally, we sought to understand how past landscape changes have influenced these values. We conducted interviews with land managers and local residents. Using an art‐based research method, we created six thematic participant‐voiced poems that capture the diverse peatland values. Subsequent interpretation of these poems revealed three key observations: the importance of multisensory experiences; the significance of specific living elements; and the deep cultural and historical values linked to peat landscapes. Landscape changes impact peat landscape values, potentially weakening bonds between people and the peatland. Our study indicates that considering the cultural and historical significance of landscapes may prevent conflicts and foster support for peatland restoration. Ensuring the well‐being of those living and working in these areas requires value‐inclusive landscape planning that embraces a broader focus on relational values. This also involves the potential promotion of value shifts. Such an approach may cultivate a more sustainable and inclusive transformation of the landscape. Read the free Plain Language Summary for this article on the Journal blog.