View information for your county in our cropland rental rates spreadsheet. Not included in the analysis are acres allocated to pasture, aftermath grazing, hay and haylage acres, CRP acres, fallow, and prevented planted acres. For 2020, USDA’s state-level estimates of cash rents for cropland reveal a U.S. average rental rate of $139 per acre, down $1 per acre, or 0.7%, from 2019. During 2020, the average cash rental rates for cropland, irrigated cropland and pastureland were $139 per acre, $216 per acre and $13 per acre, respectively. Cash rent - Cropland cash rents were highest in Clay County, ranging from $98 to $225 per acre, and "stable." It is probably not realistic to base 2020 cash rental rates on projected prices of near $4 per bushel for corn and $9 per bushel for soybeans, given the current fundamentals in the grain markets. This is the first national average decline in cash rental rates since 2015, when the national average cash rental rate dropped $8 per acre. The USDA/NASS data is collected by a mail-out survey and the 2020 results should be available in September 2020. Regional numbers are included in the publication and listed below indicate the total percentage change in land rental rates for the last five years from 2015 through 2019 and the last column is the change from 2018 to 2019. 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. Minnesota County Cropland Rental Rates Available July 16, 2018 By David Bau, Extension Educator Average, Median, Ten Percent Lowest Average Rents and Ten Percent Highest Average Rents are listed by county in recently release publication titled “Cropland Rental Rates for Minnesota Counties”. For the most part, farmers use a fixed cash rental rate agreement to rent cropland. This information is meant as a guide and starting point. The USDA/NASS data is collected by mail-out survey state-wide. The 2008 Farm Bill mandated that NASS provide mean rental rates for all counties with 20,000 acres of cropland plus pasture. The farmers participate in the Minnesota State College Farm Business Management program as well as the Southwestern Minnesota Farm Business Management Association. × WORTHINGTON — Average, median, 10% lowest-average rents and 10% highest-average rents are … Plus sign (+) if content is closed, 'X' if content is open. Counties with a minimum of 10 farms with cash rented acreage are included. The numbers listed are weighted averages. Data is organized by county. The 2008 Farm Bill mandated that NASS provides mean rental rates for all counties with at least 20,000 acres of cropland plus pasture. All rights reserved. It is simply a reporting of historical land rental rates in Minnesota. This document will be updated to include the new NASS numbers at that time. The land rental rates shown here may not align with rents being paid for new land coming on the market. All normal farming practices for the regions were included in the analysis. USDA/NASS data for those regions are listed. Every other year, USDA’s National Agricultural Statistics Service releases county-level cash rents for non-irrigated and irrigated cropland as well as pasture for all counties with more than 20,000 acres of cropland and pasture. It is simply a reporting of historical land rental rates in Minnesota. Also included is the 2019 county rental data gathered by the USDA National Ag Statistical Service (NASS) in cooperation with the Minnesota Department of Agriculture. We cannot statistically project future rental rates. Nov 30th 2020 - 1pm WATCH: Gov. Statewide, this rate peaked in 2015 at an average of $64.78 per acre, with a low of $61.10 per acre in 2018. The land rental data shown in the publication is extracted from FINBIN, a database of farm record summaries of over 2,000 Minnesota farms. Weighted average rental rates are listed by county for each year. We cannot statistically project future rental rates. University of Minnesota Extension www.extension.umn.edu 612-624-1222 These rates were mostly in line with prior-year levels. In eastern North Dakota’s Cass County, for example, the average per-acre rental rate for nonirrigated cropland roughly doubled from 2008-15, rising from $67.50 to $128.50. The University of Minnesota is an equal opportunity educator and employer. The risk and returns from changing prices, yields, and costs are all borne by the tenant. NON-IRRIGATED CROPLAND CASH RENTS AND PRICES North Dakota: 2020 and 5-Year Average 2015 Average County -2019 average 2020 Rental rate Price of rented land 1 Number of reports 2 Reported local average rental rate Average rental rate price of rented land Minimum Maximum Most frequently (dollars/acre) Adams..... (dollars/acre)(number) 37.50 1212.00 19 28.00 47.00 35.00 36.10 1110.00 … WORTHINGTON, Minn (08/05/2020) — Average, Median, Ten Percent Lowest Average Rents and Ten Percent Highest Average Rents are listed by county in the recently released publication titled “Cropland Rental Rates for Minnesota Counties”. Counties with only a USDA/NASS number have less than 10 farmers reporting FINBIN data. Introduction . To compile this report: Note: Several counties in north, east and west central Minnesota regions have no FINBIN rental rates reported this year. Historical rental data is included. 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