- Reported rental rates include both family and unrelated party land rental contracts as well as long-term rental contracts.
- Rental rates between family members can be lower than those between unrelated parties.
- Long-term rental contracts generally do not change dramatically during the length of the contract and therefore may affect the weighted average numbers used in the data calculations.
- The land rental rates shown may not align with rents being paid for new land coming on the market.
This information is meant as a guide and starting point. The information and data is not meant to establish, determine, set, fix or suggest what actual rents should be. It is a reporting of historical land rental rates in Minnesota.
This page provides a historical perspective on rental rates paid by a group of Minnesota farmers and trends in those rental rates over the past five years.
Historical rental data is included. Weighted average rental rates are listed by county for each year.
We cannot statistically project future rental rates. The numbers listed are weighted averages. That means there are rents both above and below the numbers listed.
Also included is the 2019 county rental data gathered by the USDA National Ag Statistical Service (NASS) in cooperation with the Minnesota Department of Agriculture. The USDA/NASS data is collected by mail-out survey state-wide. It is an excellent comparison to use with the FINBIN data.
Cropland rental rate map
Click on any county to see area statistics from 2015 to 2019.
The FINBIN database includes enterprise level income and expenses for thousands of acres of Minnesota farmland. To compile this report:
- Rental rates are extracted for cash rented land.
- All row crop acres, small grain acres, canning crop acres, etc. are included in the data analysis.
- All normal farming practices for the regions were included in the analysis.
- The USDA/NASS numbers are for row crops on non-irrigated land only.
- Not included in the analysis are acres allocated to:
- aftermath grazing
- hay and haylage acres
- CRP acres
- fallow and prevented planted acres.
Data is organized by county
- Counties with a minimum of 10 farms with cash rented acreage are included.
- If a given county does not have rent data listed, there were not enough farms reporting data.
- Counties with only partial FINBIN data and a USDA/NASS number have been included because they meet the 10 farm minimum criteria.
- Counties with only a USDA/NASS number have less than 10 farmers reporting FINBIN data.
Note: Several counties in north, east and west central Minnesota regions have no FINBIN rental rates reported this year. That is due to staff reductions in Farm Business Management programs and resulting loss of participating farms in those counties. USDA/NASS data for those regions are listed.
The 2019 USDA/NASS data for each county is included for purposes of comparison. The majority of Minnesota Counties have a 2019 USDA/NASS average rent number listed. The numbers are for non-irrigated farm land only.
These rental rates include both family and unrelated party land rental contracts as well as long-term rental contracts. Rental rates between family members can be lower than those between unrelated parties. Long-term rental contracts generally do not change dramatically during the length of the contract and therefore may affect the weighted average numbers used in the data calculations. The land rental rates shown here may not align with rents being paid for new land coming on the market.
Regional change in rental rates from 2015 to 2019
The table below shows the total percent change in land rental rates from 2015 through and including 2019 and the one-year change from 2018 to 2019. These changes are based on weighted averages to compensate for differences in acres and rental rates from the counties in each region. The land rental numbers used to calculate the percent change values are also from the FINBIN database. Included is a state-wide percent change.
In several regions, the five-year percent change is negative, meaning that rates have declined below their 2015 levels. However, there was a significant increase in most cases prior to 2015.
The 2018-2019 annual change data shows a slight downward trend in rental rates for seven of the eight regions. Unlike other regions, rental rates in the East Central region have continued to increase over the past five years for farms included in these programs. East Central has limited data available and none is available for North Central.
The land rental rates listed are a starting point or guide and not an absolute rental rate. The percentage figures are not meant to predict future increases; they document how regional and state rental rates have changed over the years.
You can search FINBIN for land rental data specific to a county or region (in which there are enough farmers reporting rent values) as well as other farm data.
Total percent change in land rental rates 2015-2019
Reviewed in 2020