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Explore Minnesota 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.
$156/acre
5.4%
3.7%
$198
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
3.7%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $198 | 7.0% |
| 2022 | $185 | 4.5% |
| 2021 | $177 | 7.9% |
| 2019 | $164 | -1.8% |
| 2018 | $167 | 0.6% |
| 2017 | $166 | -2.4% |
| 2016 | $170 | -6.1% |
| 2015 | $181 | -2.7% |
| 2014 | $186 | 4.5% |
| 2013 | $178 | 17.9% |
| 2012 | $151 | 11.9% |
| 2011 | $135 | 11.6% |
| 2010 | $121 | 7.1% |
| 2009 | $113 | 3.7% |
| 2008 | $109 | 16.0% |
| 2007 | $94 | 6.8% |
| 2006 | $88 | 1.7% |
| 2005 | $87 | 3.6% |
| 2004 | $84 | 1.8% |
| 2003 | $82 | 1.2% |
| 2002 | $81 | 0.6% |
| 2001 | $81 | 3.3% |
| 2000 | $78 | 3.0% |
| 1999 | $76 | -2.3% |
| 1998 | $77 | 2.4% |
| 1997 | $76 | 2.4% |
| 1996 | $74 | 5.3% |
| 1995 | $70 | 6.2% |
