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.

Historical land rental rates in Minnesota

Cropland rental rates - data on cropland, irrigated land and pastureland rental rates for Minnesota counties.

• Irrigated land rental rates
• Pastureland rental rates

Farmland sale prices (not rent)

Minnesota Land Economics - Pull farmland sales data based on a specific time frame and area in Minnesota.

Historical farmland sale prices in Minnesota

What should you charge or pay for land rent?

• 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.
• If you are looking for more than a worksheet, FairRent is a free website that helps farmers and landowners evaluate rental options—cash, share, and flexible arrangements—by estimating the breakeven rent at different yields and prices.

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.
• View sample leases and templates in the document library from AgLease 101.