May 2026 Southern Minnesota Farmland Market Update
Farmland Values Remain Consistent
High quality farms are still seeing the best buyer interest. These are grade “A” farms with high quality soils, square or efficient field configuration, good drainage, and easy access. We are generally seeing values in the $11,000 to $13,000 per deeded acre range for this type of ground.
Farms that fall more into the “B” grade category are generally bringing closer to $9,000 to $11,000 per deeded acre. These types of farms may have one or two factors that buyers will account for when determining their level of interest. These factors could be irregular field shape, lack of drainage, outlet limitations, access issues, smaller field size, or another feature that affects how the farm lays out for an operator or investor.
The spread in value we see is a good reminder that not all acres are viewed the same. Two tracts of land can be located in the same general area and still bring different levels of buyer interest depending on their individual characteristics.
Recent Sale Highlight
One of the top sales from the past month was the Mortenson 160± acre farm in Freeborn County, which sold for $12,500 per deeded acre. This was a high-quality farm that had square configuration, quality soils, an open ditch outlet, and some pattern tile.
Hunting and Recreational Land Demand
There is steady interest in hunting and recreational land in southern Minnesota. Inventory remains limited, and when the right property becomes available, buyers are paying attention. A recent example was a 76.47 acre tract of CRP ground in Blue Earth County that went under contract within a week of being listed. There are still buyers watching closely for recreational and income-producing land opportunities.
Looking Ahead to Summer
Seller interest has continued to build, and we expect more farmland and recreational properties to come to market as we move through the season. For landowners considering a sale this summer or fall, now is the time to start the conversation. Giving yourself enough time on the front end can make a difference when planning. It allows time to evaluate the land, understand the market, review sale options, and create a plan that fits your situation. Every farm is different, and the best sale strategy usually starts well before the property is publicly listed.