WORTHINGTON, Minn. — A publication with current cropland rental rates in Minnesota was recently released.
Average rents listed by county can be found in the “Cropland Rental Rates for Minnesota Counties” publication, which uses all the rates coming from farmers who participate in Adult Farm Management programs across the state.
The land rental data is extracted from FINBIN, a database of farm record summaries of more than 2,000 Minnesota farms.
Rates are based on analysis of the financial records of participating farmers and represent the actual rents paid for the years listed. Counties with a minimum of 10 farms with cash-rented acreage are included.
The publication is meant to be a guide and gives a historical perspective on rental rates paid by Minnesota farmers, along with trends in rental rates from 2014-2018. Last year's data also includes the median cash rent.
The publication also includes the 2017 county rental data gathered by the USDA National Ag Statistical Service (NASS), in cooperation with the Minnesota Department of Agriculture. The data was collected via mail survey. The 2019 results will be available in September.
All row crop acres, small grain acres and canning crop acres are included in the data analysis. Not included in the analysis are acres allocated to pasture, aftermath grazing, hay and haylage acres, CRP acres, fallow and prevented planted acres.
To see Cropland Rental Rates for Minnesota Counties, go to www.cffm.umn.edu/wp-content/uploads/2019/07/MN-Land-Rental-Rates-2018-7-1-3.pdf