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Extension > Agriculture > Agricultural Business Management > Farmland rental rates and land economics > 2015 Rent Workshop Schedule

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Average cropland rental rates

David Bau

Rental rates paid in Adult Farm Management FINBIN database. Calculated 2016 and 2017 rates based on decreased income by 10% in 2016 and another 7% to estimate 2017 listed below.

Average Rents Paid by Minnesota County - Northwest

County 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Est. '17 Est.
Becker 44 44 45 48 50 53 62 82 96 104 101 91 85
Clay 74 78 79 83 87 92 108 120 136 138 134 121 112
Mahnomen 53 56 56 59 61 64 75 83 99 111 105 95 88
Marshall 36 41 43 45 46 51 48 58 59 63 56 50 47
Norman 62 67 69 73 79 85 93 97 120 129 128 115 107
Pennington NA NA NA NA NA NA NA NA 54 62 62 56 52
Polk 52 56 58 62 61 63 70 81 86 96 96 86 80
Red Lake NA NA NA NA NA NA NA NA NA 64 62 56 52

Average Rents Paid by Minnesota County - West Central

County 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Est. '17 Est.
Big Stone 68 71 78 81 87 98 102 130 144 147 145 131 121
Chippewa 100 104 108 125 140 149 159 188 208 213 209 189 175
Douglas 63 66 70 76 70 76 85 112 112 112 102 92 85
Grant 81 88 90 102 117 120 132 146 192 192 188 169 157
Lac qui Parle 79 87 92 97 110 112 127 150 174 178 175 158 146
Otter Tail 41 44 65 60 68 82 80 98 95 101 108 97 90
Pope NA NA NA NA NA 94 103 116 134 128 131 118 110
Stevens 79 80 85 90 98 104 121 135 157 161 158 142 132
Swift 76 81 84 98 106 105 118 135 157 161 158 142 132
Traverse NA NA NA NA NA 100 NA 171 157 161 158 142 132
Wilkin 67 71 77 87 87 94 100 123 131 137 135 122 113

Average Rents Paid by Minnesota County - Central

County 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Est. '17 Est.
Benton 44 46 47 39 44 49 51 58 68 87 100 90 84
Carver NA NA NA NA NA 161 179 206 226 214 173 156 145
Kanabec 33 32 34 38 42 37 37 44 52 59 63 57 53
Kandiyohi 102 106 110 126 142 149 175 206 211 227 212 191 177
McLeod 104 106 124 135 152 155 185 196 238 233 205 185 172
Meeker 83 86 89 100 111 128 150 159 190 191 183 165 153
Morrison 38 38 44 43 35 52 63 68 78 107 74 67 62
Renville 106 122 121 152 164 157 191 209 236 237 241 217 202
Scott 119 120 109 131 148 140 160 198 238 229 208 187 174
Sibley 122 125 130 149 172 192 203 245 262 263 250 225 209
Stearns 70 77 79 89 105 93 126 157 184 188 192 173 161
Todd NA NA NA NA NA 49 52 54 64 80 77 69 64
Wright 81 84 91 107 119 123 137 155 165 149 144 130 121

Average Rents Paid by Minnesota County - Southwest

County 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Est. '17 Est.
Cottonwood 101 107 108 143 139 148 164 174 196 200 192 173 161
Jackson 109 111 119 146 145 157 167 209 219 223 213 192 178
Lincoln 86 83 107 120 152 163 167 168 165 168 159 143 133
Lyon 89 92 94 119 137 140 168 185 218 223 222 200 186
Murray 89 94 100 120 143 154 168 237 265 268 238 214 199
Nobles 102 103 117 132 140 146 168 182 207 202 200 180 167
Pipestone 91 96 105 110 121 136 150 223 219 236 213 192 167
Redwood 99 98 104 122 140 158 173 187 211 213 207 186 173

Average Rents Paid by Minnesota County - South Central

County 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Est. '17 Est.
Blue Earth 120 128 136 163 171 174 194 222 229 240 228 205 191
Brown 108 113 119 133 148 154 173 207 208 211 205 185 172
Faribault 122 122 134 152 168 173 194 221 243 243 226 203 189
Freeborn 121 125 139 143 171 192 216 242 267 265 238 214 199
Le Sueur 101 103 121 149 153 169 179 233 261 267 257 231 215
Martin 119 121 133 158 177 181 210 254 274 272 255 230 213
Nicollet 112 112 127 150 161 169 197 223 251 263 245 221 205
Rice 108 109 120 145 156 167 188 225 260 258 242 218 203
Steele 123 122 129 146 158 166 170 198 220 239 240 216 201
Waseca 108 113 126 136 145 160 175 216 237 236 227 204 190
Watonwan 110 114 122 148 146 165 177 218 256 239 238 214 199

Average Rents Paid by Minnesota County - South East

County 2005 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Est. '17 Est.
Dakota NA NA NA NA 125 185 NA 215 212 241 228 205 191
Dodge 122 119 128 142 155 167 187 231 246 252 246 221 182
Fillmore 109 117 130 153 157 150 198 212 243 235 218 196 182
Goodhue 105 110 127 144 154 163 186 229 230 242 216 194 181
Mower 126 126 130 153 165 178 201 241 236 247 248 223 208
Olmsted 109 109 121 143 145 164 171 211 250 260 226 203 189
Wabasha 111 117 124 142 148 162 163 216 233 237 212 191 177
Winona 115 117 137 154 152 148 178 183 214 220 196 176 164

* 2016 estimated county rents listed are projections using a 10% decline in rents based on decreased income due to lower commodity prices. For 2017 estimates calculated another 7% decline from 2016 to 2017. An example using Dodge County's numbers in the table 2015 rents was $246 per acre. The average state change was 10% decline multiplied equals $221 in average rents rates for 2016. For 2017, multiply $221 by 7% decline for Dodge County. Results in $182 average projected rents for 2017.

The average rents for 2005 to 2015 found in the table are from the FINBIN database of actual farm record summaries of nearly 2,200 Minnesota farms. There were 7 counties in 2015 marked in bold that used regional percentage changes multiplied by 2014 numbers to determine 2015 rental rates. Staff from the Center of Farm Financial Management used all row crop acres, small grain acres, canning crop acres, etc. in data analysis. Not included were pasture, hay, and haulage acres. A landlord or farmer should only use these numbers as a guide to determine what the rent for their property should be in 2017.

2016

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