Extension Logo
Extension Logo
University of Minnesota Extension
https://extension.umn.edu

Extension is expanding its online education and resources to adapt to COVID-19 restrictions.

New Extension report analyzes five years of farmland rental

August 13, 2020

Farmland rental rates are among the most important factors Minnesota farmers must take into account as they determine what side of the ledger they’ll end come out on in any given year.

University of Minnesota Extension has released a five-year analysis of farmland rental rates, indicating small drops in rental prices in most parts of the state.

“However, rental rates are staying strong compared to prices for corn and soybeans,” noted Extension ag business management educator David Bau.

Rates were highest across the southern third of the state, with rent reaching $290 per acre at the high end. More detail, by county, is in the full report.

Extension’s analysis was carried out using data from FINBIN, a tool developed and maintained at the University of Minnesota. FINBIN is one of the world’s largest and most accessible sources of farm financial and production benchmark information. The database makes detailed reports on whole farm, crop and livestock financial data available to the public.

Allison Sandve, Extension news media manager, ajsandve@umn.edu, 612-626-4077 (office) or 651-492-0811 (mobile).
Contact Extension Communications at extnews@umn.edu.

Permission is granted to news media to republish our news articles with credit to University of Minnesota Extension. Images also may be republished; please check for specific photographer credits or limited use restrictions in the photo title.

Share this page:

© 2021 Regents of the University of Minnesota. All rights reserved. The University of Minnesota is an equal opportunity educator and employer.