Farmland rent and economics
What is the going rate for renting agricultural land in Minnesota? Make data-driven decisions on a fair price:
- Review historical data from across Minnesota.
- Complete worksheets to understand your own situation.
- Attend one of our workshops held every winter.
Download and complete this landowner's cash rent worksheet to help you determine what to charge for land rent.
Download and complete this operator's cash rent worksheet to help you calculate your income and expenses in crop production. This will help show what your operation can afford to pay in land rent.
You also can download all of the materials for the 2024 Farmland rent workshops.
Cropland rental rate interactive map
Choose by county and see Minnesota land rents and land sales from USDA data. View map.
What is typically paid for land in rent and sales?
Historical land rental rates and sales in Minnesota
View historical data on cropland rental rates for Minnesota regions and counties.
The average pastureland rental rate increased from $26 in 2014 to $30 in 2017.
Statewide irrigated land rental rates declined from $210 in 2015 to $185 in 2016 and 2017.
By county/region
| County/region | 2012 |
|---|---|
| NORTHWEST | 121 |
| NORTH CENTRAL | 133 |
| Pope | 121 |
| Stevens | 222 |
| Swift | 186 |
| WEST CENTRAL | 177 |
| Sherburne | 181 |
| Stearns | 288 |
| Todd | 182 |
| Wadena | 140 |
| Wright | 109 |
| CENTRAL | 214 |
| MINNESOTA | 200 |
Minnesota Land Economics
This website allows you to pull farmland sales data based on a specific time frame and area in Minnesota.
Historical farmland sale prices in southwest Minnesota
- Southwest Minnesota bare farmland sale prices
- Highest, lowest and average recorded prices
- Comparing assessor's estimated market values and actual sale prices
- Percentage of farmland price change from previous year
Lease types and templates
Farm leases
Types and terms of leases, rights and responsibilities.
Flexible land rental agreements: Learn about the different types of flexible land rental agreements.
- Flexible rents based on gross revenue
- Base rents plus a bonus
- Flexible rent based on yield only
- Flexible rent based on price only
- Profit sharing
View sample leases and templates in the document library from AgLease 101.