Lake States
Minnesota farmland value and cash rent on the Land Market Index
Minnesota runs from corn and soybeans in the south to sugar beets, wheat, and dairy farther north. A Red River Valley rent is not the same number as the state figure.
Minnesota farm real estate averaged $6,950 per acre in 2026, above the U.S. figure of $4,500.
2026 averages
- Farm real estate
- $6,950 / acre
- +2.4% from 2025
- Cropland
- $7,300 / acre
- +4.3% from 2025
- Pasture
- $2,400 / acre
- +4.3% from 2025
- Cropland cash rent
- $206 / acre
- +3.0% from 2025
- Pasture cash rent
- $35 / acre
- +1.4% from 2025
Dollars per acre. A state average is not the price of a specific farm.
Annual estimates
| Series | 2022 | 2023 | 2024 | 2025 | 2026 | 2025–2026 |
|---|---|---|---|---|---|---|
| Farm real estate | $5,780 | $6,110 | $6,450 | $6,790 | $6,950 | +2.4% |
| Cropland | $5,830 | $6,310 | $6,540 | $7,000 | $7,300 | +4.3% |
| Pasture | $1,890 | $1,940 | $2,210 | $2,300 | $2,400 | +4.3% |
| Cropland cash rent | $185 | $198 | $200 | $200 | $206 | +3.0% |
| Irrigated cropland cash rent | $200 | $215 | $214 | $224 | $235 | +4.9% |
| Non-irrigated cropland cash rent | $185 | $198 | $200 | $199 | $205 | +3.0% |
| Pasture cash rent | $27 | $30 | $32 | $34.5 | $35 | +1.4% |
What the rows mean
- Farm real estate
- Average value of all land and buildings used for agricultural production, including dwellings, if sold under current market conditions with a reasonable time on the market.
- Cropland
- Average value of land used for field crops, vegetables, or hay, including idle cropland and cropland in conservation programs. Land that alternates between crops and pasture is valued as cropland.
- Pasture
- Average value of land normally grazed by livestock. Animals do not have to be on the land during the survey year.
- Cropland cash rent
- Average cash rent for cropland. NASS measures this as rent expense in dollars per acre. Share rents are not included.
- Irrigated cropland cash rent
- Average cash rent for irrigated cropland, in dollars per acre.
- Non-irrigated cropland cash rent
- Average cash rent for non-irrigated cropland, in dollars per acre.
- Pasture cash rent
- Average cash rent for pastureland, in dollars per acre.
Counties
- Blue Earth County $7,755 2022 census
- Brown County $8,310 2022 census
- Chippewa County $7,742 2022 census
- Clay County $4,738 2022 census
- Cottonwood County $8,224 2022 census
- Dodge County $8,615 2022 census
- Faribault County $8,169 2022 census
- Fillmore County $5,919 2022 census
- Freeborn County $7,698 2022 census
- Goodhue County $8,303 2022 census
- Jackson County $8,449 2022 census
- Kandiyohi County $7,432 2022 census
- Lac qui Parle County $6,362 2022 census
- Lyon County $7,146 2022 census
- Marshall County $3,168 2022 census
- Martin County $8,968 2022 census
- Mower County $8,240 2022 census
- Murray County $8,581 2022 census
- Nicollet County $8,617 2022 census
- Nobles County $8,605 2022 census
- Norman County $4,636 2022 census
- Olmsted County $7,058 2022 census
- Otter Tail County $3,840 2022 census
- Polk County $4,321 2022 census
- Redwood County $8,408 2022 census
- Renville County $8,138 2022 census
- Rice County $8,330 2022 census
- Rock County $8,831 2022 census
- Sibley County $8,265 2022 census
- Stearns County $5,605 2022 census
- Steele County $9,183 2022 census
- Stevens County $6,446 2022 census
- Swift County $6,379 2022 census
- Waseca County $8,825 2022 census
- Watonwan County $8,091 2022 census
- Wilkin County $5,418 2022 census
- Yellow Medicine County $7,062 2022 census
Nearby states
Have a photo of land in Minnesota? Read its location.
Sources
- Land Values 2026 Summary, USDA National Agricultural Statistics Service, released 2026-07-31. Text tables. ESMIS archive.
- Quick Stats cash rent expense, dollars per acre, USDA National Agricultural Statistics Service. Retrieved 2026-10-25.
State and U.S. survey estimates. Blank cells were not published. Year-over-year rent changes in this file are calculated from those estimates. Land-value changes are the percents printed in the summary. Rent changes are calculated from the published yearly estimates. U.S. government figures are public domain and were not adjusted. A blank or “withheld” cell was not published.