Recent Minnesota Farm Land Sale Trends

German Mandrini

Jan 17, 2023

Recent farmland transaction data helps growers understand the potential market value of land they're considering purchasing, refinancing, or selling. 

FBN®'s state- and regionally-specific land values reporting provides timely, actionable transaction data to growers on a regular basis using the more relevant land value metric of $/plantable acre rather than the more common $/gross acre. This value helps farmers better assess the potential ROI of a parcel of land they may be considering.

Minnesota Top Cropland Sales

Minnesota Representative Cropland Sales

Minnesota Top Land Sales


Sale Date

Total Price

Price per Acre

Total Acreage





55.41 ac





55.41 ac





53.75 ac





159.82 ac





161.42 ac

Minnesota Representative Land Sales


Sale Date

Total Price

Price per Acre

Total Acreage





42.869 ac





40.319 ac

Blue Earth




153.783 ac





76.335 ac





160.586 ac

FBN Farmland Value Data Collection and Analysis Process

To create these analyses, the FBN data science team first collects and analyzes publicly-available data about farmland real estate transactions. Representative sales are selected from recent transactions with approximately average soil productivity for the region. 

Next, the team enhances the basic transaction data with estimated plantable/tillable acreage to report sale value in terms of $/plantable acre. This $/plantable acre metric enables a fairer comparison of land values across farm properties which may have different amounts of non-plantable acreages like forest or wetland. 

Excluded from these assessments are farmland sales in which buildings and/or urban development potential may contribute substantially to the sale price. 

Ready to Finance a Land Purchase? 

If, after considering recent land sale trends and other real estate transaction data, you’re interested in making a land purchase decision, it may be worth exploring your available financial options. 

With an average of 15+ years each in ag finance experience, FBN Finance loan advisors are available to answer any questions you may have on land loans, the application process, or which financial option may be the best fit for your operation. 

Whether you are actively looking for land financing or just interested in learning more about FBN Finance’s financial solutions, reach out to us today. Click here to start your application or complete the form below to have a member of our FBN Finance team guide you through the process. 

Copyright © 2014 - 2023 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, and “FBN” are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc. 

The farmland valuation has been prepared solely for informational purposes. The information contained herein has been prepared to assist individuals in making their own evaluation and does not purport to be all-inclusive or to contain all of the information a prospective land purchaser may desire. In all cases, interested parties should conduct their own investigation and analysis on this information. FBN makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information or any other written or oral communications transmitted to the recipient in the course of its evaluation. This Information includes certain statements and estimates provided by FBN with respect to the projected future performance. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as to the accuracy of such statements, estimates or projections. Prospective land buyers will be expected to have conducted their own due diligence investigation regarding these and all other matters. All land purchases involve risk and may result in loss.

Terms and conditions apply. Land financing offered by FBN Finance, LLC, provided in connection with Farmer Mac and our underwriting partners, and is available only where FBN Finance, LLC is licensed. To qualify, a borrower must be a member of Farmer’s Business Network, Inc., and meet the underwriting requirements of FBN Finance, LLC and its lending partners. All credit is subject to approval and underwriting. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify.

German Mandrini

Jan 17, 2023

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