The USDA released its annual Land Values Summary for 2025 in early August, and once again, farmland values remain strong across the country—particularly here in Minnesota. While the pace of appreciation may be beginning to cool, farmland continues to be a stable and valuable long-term asset. For Minnesota farmland owners considering their future plans, the report provides key insights to help guide your decisions.
According to the USDA cropland value report, the average price per acre of farmland in Minnesota increased from $6,540 in 2024 to $7,000 in 2025—a 7% year-over-year gain. This builds on steady increases reported since 2021.
Although the USDA data shows an increase in MN farmland values, we’ve noticed a leveling of values regionally in Southern MN. High quality tracts continue to attract premium prices, while the value of other tracts has leveled off. Also, it’s important to note that the USDA data shows averages across the state — averages per acre can range significantly by county and region.
Key Takeaways for Minnesota Farmland Owners
- 1. Farmland Values Remain Strong for Now Despite higher interest rates and softer commodity prices, Minnesota farmland values remain strong. This reflects long-term demand for productive ground in a region recognized for high-quality soils and consistent yields.
- 2. Timing May Work in Your Favor While the market is still strong, appreciation is showing signs of slowing. If you’ve been considering selling farmland in Minnesota, today’s conditions may represent an opportunity to secure top-of-market values before they plateau further.
- 3. Buyers Are Becoming More Selective Even with values holding up, buyers are scrutinizing each parcel carefully. Farms with good drainage, favorable configuration, and strong productivity are drawing premium prices, while other tracts may not bring the same results.