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Minnesota is a leading agricultural state in the U.S. and produces a wide variety of commodities from cash crops to Livestock and Poultry. In fact, as of 2018 Minnesota ranks number 4 for total agricultural exports in the United States. Just over 50% of Minnesota’s total land area is made up of farmland, amounting to a total of 25,516,982 acres. Corn and Soybeans make up more than 45% of the state's agricultural sales, but Hogs, Dairy products, and Cattle also make up a large portion of sales. Minnesota farmers also commonly produce Sugar Beets (35% of U.S. output), Wheat, Turkeys, along with many others.

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Farmland Prices

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minnesota Farmland Prices

Over the last 20 years, the price of farmland per acre in the minnesota has risen by an average of 7.5% per year to $4,810 per acre as of 2019. This represents an increase of $3,530 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$4,810

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 1200$ 2400$ 3600$ 4800$ 6000Highcharts.com

7.5%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-24 %-12 %0 %12 %24 %36 %Highcharts.com

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