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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 Rental Rates

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minnesota Farmland Rental Rates

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%.

$164

Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 7.2.019941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 40$ 80$ 120$ 160$ 200Highcharts.com

4.3%

Average Annual Cap Rate

Implied Annual Capitalization Rate

Source: USDA

Created with Highcharts 7.2.0199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820190 %1.5 %3 %4.5 %6 %7.5 %Highcharts.com

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