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.

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I'm a landowner. What should I charge for land rent?

Download and complete this landowner's cash rent worksheet to help you determine what to charge for land rent.

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I'm an operator. What's fair to pay 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.

Map of Minnesota showing different colors in counties corresponding to land value.

Cropland rental rate interactive map

Choose by county and see Minnesota land rents and land sales from USDA data. View map.

What is typically paid for land in rent and sales?

Historical land rental rates and sales in Minnesota

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Cropland rental rates

View historical data on cropland rental rates for Minnesota regions and counties.

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Pastureland rental rates

The average pastureland rental rate increased from $26 in 2014 to $30 in 2017.

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Irrigated land rental rates

Statewide irrigated land rental rates declined from $210 in 2015 to $185 in 2016 and 2017.

By county/region

County/region	2012
NORTHWEST	121
NORTH CENTRAL	133
Pope	121
Stevens	222
Swift	186
WEST CENTRAL	177
Sherburne	181
Stearns	288
Todd	182
Wadena	140
Wright	109
CENTRAL	214
MINNESOTA	200

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Farmland sale prices (not rent)

Minnesota Land Economics
This website allows you to pull farmland sales data based on a specific time frame and area in Minnesota.

Southwest Minnesota bare farmland sale prices
Highest, lowest and average recorded prices
Comparing assessor's estimated market values and actual sale prices
Percentage of farmland price change from previous year

Lease types and templates

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Farm leases
Types and terms of leases, rights and responsibilities.

Flexible land rental agreements: Learn about the different types of flexible land rental agreements.

Flexible rents based on gross revenue
Base rents plus a bonus
Flexible rent based on yield only
Flexible rent based on price only
Profit sharing

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