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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 2020-2021

County Number of Sales 2021 Average 2021 Per-Acre Price Minimum 2021 Per-Acre Price Maximum 2021 Per-Acre Price Average 2020 Per-Acre Price
Aitkin 7 1766 1096 3073 2,030
Anoka 8 10224 5210 16577 7,128
Becker 23 2990 1135 9594 3,000
Beltrami 12 1628 961 3884 2,263
Benton 35 3884 1485 8870 3,826
Big Stone 12 4530 938 5555 4,556
Blue Earth 42 7163 2541 9699 6,928
Brown 12 6682 1603 8817 6,032
Carlton 10 3607 650 10090 2,974
Carver 11 9262 4500 15517 7,659
Cass 10 2652 1035 5655 2,123
Chippewa 22 6556 3483 8644 6,488
Chisago 12 5613 2537 9070 6,154
Clay 22 4849 500 11280 3,337
Clearwater 19 2658 712 11569 1,908
Cook No Sales No Sales No Sales No Sales No Sales
Cottonwood 15 7068 1759 12852 6,282
Crow Wing 9 4208 936 10679 3,018
Dakota 12 8050 1636 13925 8,489
Dodge 19 8274 4219 14974 7,267
Douglas 24 3989 1204 17398 4,261
Faribault 37 7219 1088 12828 6,979
Fillmore 33 6016 2096 14088 5,131
Freeborn 54 6542 1160 10160 5,009
Goodhue 26 6185 3351 9937 6,319
Grant 9 4030 2156 6421 4,359
Hennepin 3 13995 9635 17253 11,556
Houston 11 5176 3932 9126 4,886
Hubbard 4 5491 866 9675 2,770
Isanti 17 5378 2777 13343 3,658
Itasca 9 2389 824 6062 2,919
Jackson 22 6976 3178 10444 6,094
Kanabec 12 3565 1686 9266 3,375
Kandiyohi 30 6247 2492 8411 6,337
Kittson 26 1619 709 3409 1,290
Koochiching 11 5676 1437 14162 1,848
Lac Qui Parle 11 1701 721 3939 4,704
Lake of the Woods 21 6670 2864 14267 1,029
Le Sueur 29 5458 825 10148 6,561
Lincoln 18 6352 1440 8620 4,052
Lyon 8 3339 2299 5062 5,998
Mahnomen 71 2286 477 4054 2,529
Marshall 15 7068 1759 12852 1,774
Martin 26 7720 3476 10949 7,462
McLeod 26 6058 3696 8107 5,074
Meeker 16 4681 2974 7582 4,519
Mille Lacs 22 4162 1595 8769 3,792
Morrison 16 2930 471 8251 3,526
Mower 34 6987 1268 10209 6,750
Murray 32 6590 2905 9116 4,768
Nicollet 14 8169 2664 11548 7,594
Nobles 30 7708 3205 11436 6,763
Norman 28 3302 1446 7375 3,314
Olmsted 39 6919 3654 16928 7,203
Otter Tail 52 3236 1370 8098 2,879
Pennington 16 2126 1236 4122 1,908
Pine 20 3178 1425 8320 3,208
Pipestone 9 7470 1503 9989 6,591
Polk 51 3915 660 9385 3,258
Pope 18 3588 1924 4891 2,969
Red Lake 6 2191 1450 2870 2,029
Redwood 26 6919 4241 10613 6,331
Renville 41 6392 930 9298 6,268
Rice 30 7051 3092 16416 6,845
Rock 19 7461 3043 11567 7,793
Roseau 33 1532 688 9052 1,273
Scott 13 9788 4673 17264 8,609
Sherburne 8 4547 2220 9750 3,765
Sibley 33 6866 1485 13820 6,674
St. Louis 3 2762 927 6391 9,250
Stearns 40 5473 2120 14653 5,222
Steele 23 5657 1317 7943 5,513
Stevens 8 4384 844 6250 4,195
Swift 30 5728 1036 8733 4,287
Todd 45 2717 1291 6374 2,952
Traverse 14 5121 899 6498 4,841
Wabasha 14 6462 3508 15750 5,245
Wadena 14 2721 913 9438 1,802
Waseca 16 5945 900 8313 6,432
Washington 7 12064 9068 16400 12,044
Watonwan 18 6546 861 8450 5,818
Wilkin 12 3860 1881 5407 4,114
Winona 14 6265 4148 9071 5,432
Wright 37 7341 3112 16244 6,518
Yellow Medicine 18 5993 2132 8625 5,310
Minnesota 1769 5,320 471 17,398 5,094

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 2022 sales in March 2023.

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

Reviewed in 2023

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