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Farmland sale prices

What are historical agricultural land values in Minnesota? How have prices changed over time? 

Minnesota farmland sales by county 2021-22

County Number of sales 2022 Average 2022 per-acre price Minimum 2022 per-acre price Maximum 2022 per-acre price Average 2021 per-acre price
Aitkin 2 1317 1069 1565 1766
Anoka 2 9111 7222 11000 10224
Becker 30 3999 1173 11805 2990
Beltrami 6 1626 1038 3148 1628
Benton 5 6305 3475 11303 3884
Big Stone 5 5841 4771 6459 4530
Blue Earth 31 9042 4932 18196 7163
Brown 20 8259 1493 12482 6682
Carlton 9 3807 1765 9171 3607
Carver 6 10094 5996 15176 9262
Cass 2 1996 1837 2156 2652
Chippewa 18 5762 959 9839 6556
Chisago 16 6470 3845 9625 5613
Clay 32 5373 430 16110 4849
Clearwater 12 3094 799 9433 2658
Cook No Sales No Sales No Sales No Sales No Sales
Cottonwood 21 8306 1506 12335 7068
Crow Wing 6 5400 2424 15160 4208
Dakota 9 9659 3901 12422 8050
Dodge 22 9202 5000 15497 8274
Douglas 16 4015 2382 5186 3989
Faribault 35 8243 333 11414 7219
Fillmore 34 8051 4787 16459 6016
Freeborn 35 7096 998 12036 6542
Goodhue 17 8836 3347 17668 6185
Grant 13 6129 3400 8600 4030
Hennepin 3 12183 9622 15927 13995
Houston 8 5515 3913 8840 5176
Hubbard 4 1996 1439 2875 5491
Isanti 14 5336 3230 10749 5378
Itasca 4 3404 1393 6932 2389
Jackson 26 8509 964 13530 6976
Kanabec 6 4020 2099 8392 3565
Kandiyohi 24 7720 3596 15554 6247
Kittson 27 2134 719 4443 1619
Koochiching 1 2100 2100 2100 5676
Lac Qui Parle 25 5794 849 8787 1701
Lake 1 1846 1846 1846 No Sales
Lake of the Woods 7 2270 1000 8250 6670
Le Sueur 14 7800 1555 12634 5458
Lincoln 14 7002 4000 10959 6352
Lyon 15 7931 3979 11313 3339
Mahnomen 11 4040 2240 5879 2286
Marshall 40 2469 329 5484 7068
Martin 23 8579 3859 13056 7720
McLeod 26 7863 1229 14673 6058
Meeker 22 6444 3667 10005 4681
Mille Lacs 11 4069 2291 7016 4162
Morrison 11 4333 2513 7779 2930
Mower 53 9125 2511 13642 6987
Murray 16 7932 3165 11179 6590
Nicollet 15 9567 1313 16024 8169
Nobles 41 9731 1730 12890 7708
Norman 30 4253 1139 6100 3302
Olmsted 29 8630 4577 14788 6919
Otter Tail 47 3693 943 10395 3236
Pennington 7 2993 1395 5842 2126
Pine 12 3997 1788 7918 3178
Pipestone 16 7857 2500 11808 7470
Polk 50 4054 1370 6148 3915
Pope 10 5919 2348 9502 3588
Red Lake 3 3023 2437 3451 2191
Redwood 44 9017 871 12502 6919
Renville 51 9428 1232 13310 6392
Rice 29 8645 3850 16856 7051
Rock 12 10279 2231 16754 7461
Roseau 33 1899 600 12280 1532
Scott 6 11513 8449 15589 9788
Sherburne 4 8959 6061 13204 4547
Sibley 33 8268 1297 11409 6866
St. Louis 2 888 689 1087 2762
Stearns 30 6933 2413 16805 5473
Steele 14 8744 5758 12354 5657
Stevens 7 5625 3125 6859 4384
Swift 17 6738 1964 10465 5728
Todd 29 3562 1700 6935 2717
Traverse 5 5938 4956 7409 5121
Wabasha 5 7001 4568 9792 6462
Wadena 6 4258 1323 11057 2721
Waseca 18 8142 2500 11934 5945
Washington 7 14523 11194 18365 12064
Watonwan 32 9299 6683 12396 6546
Wilkin 14 4799 476 6861 3860
Winona 7 8513 5383 17601 6265
Wright 15 8221 5456 16313 7341
Yellow Medicine 21 6921 3966 10637 5993
Minnesota 1511 6,745 329 18,365 5,320

Southwest Minnesota farmland prices

The amounts listed below are the prices paid per acre for total farmland (not tillable acres) in each listed county in southwest Minnesota only. There is no other data for other parts of the state.

The data is from farm sales recorded from January 1 through June 30 of the respective years. The data includes only bare land sales. No land and building combination sales are included.

The information is from actual arm’s length sales reported to county authorities and collected by personnel of the University of Minnesota Extension. Sales data was not weighted for acres, each sale on a per-acre basis was averaged to get the average price paid per acre.

Data updated for 2023 sales in February 2024.

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Authors: David Bau, Extension educator, and William Lazarus, Extension economist

Reviewed in 2024

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