Explore undefined agriculture and learn what makes it unique.
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.
Over the last 20 years, farmland rental rates per acre in the minnesota have risen from an average of $78 per acre in 1999 to $164 per acre in 2019. This represents an increase of $86 over this time period with an average implied capitalization rate of 4.3%.
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