![]() The USDA/NASS data for each county is included for purposes of comparison. USDA/NASS data for those regions are listed. Note: Some Minnesota counties may have no FINBIN rental rates reported, which may be due to staff reductions in Farm Business Management programs and the resulting loss of participating farms in those counties. Counties with only a USDA/NASS number have less than 10 farmers reporting FINBIN data.Counties with only partial FINBIN data and a USDA/NASS number have been included because they meet the 10 farm minimum criteria.If a given county does not have rent data listed, there were not enough farms reporting data.Counties with a minimum of 10 farms with cash-rented acreage are included.Not included in the analysis are acres allocated to, pasture, aftermath grazing, hay and haylage acres, CRP acres, or follow and prevented planted acres.The USDA/NASS numbers are for row crops on non-irrigated land only.All normal farming practices for the regions were included in the analysis.All row crop acres, small grain acres, canning crop acres, etc.Rental rates are extracted for cash-rented land.The FINBIN database includes enterprise-level income and expenses for thousands of acres of Minnesota farmland. It is an excellent comparison to use with the FINBIN data. The USDA/NASS data is collected by mail-out survey state-wide. That means there are rents both above and below the numbers listed.Īlso included is county rental data gathered by the USDA National Ag Statistical Service (NASS) in cooperation with the Minnesota Department of Agriculture. The numbers listed are weighted averages. We cannot statistically project future rental rates. Weighted average rental rates are listed by county for each year. This page provides a historical perspective on rental rates paid by a group of Minnesota farmers and trends in those rental rates over the past five years. It is a report of historical land rental rates in Minnesota. The information and data is not meant to establish, determine, set, fix or suggest what actual rents should be. This information is meant as a guide and starting point. The land rental rates shown may not align with rents being paid for new land coming on the market.Long-term rental contracts generally do not change dramatically during the length of the contract and therefore may affect the weighted average numbers used in the data calculations.Rental rates between family members can be lower than those between unrelated parties. ![]() Reported rental rates include both family and unrelated party land rental contracts as well as long-term rental contracts.
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