Minnesota's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $6,150 per acre in 2022, according to the USDA National Agricultural Statistics Service Land Values 2022 Summary.

This was up 17%, $910 per acre higher than last year's value.

Cropland, at $6,200 per acre, was $930 higher than last year, or 18%. Pasture, at $2,010 per acre, was $180 above last year, or 10%.

Cropland cash rent paid to Minnesota landlords in 2022 averaged $185 per acre, according to the USDA NASS.

In its Aug. 5 Cash Rent and Land Values report, nonirrigated cropland rent averaged $185 per acre, $8 above last year.

Irrigated cropland rent averaged $200 per acre, $13 above 2021.

Pasture rented for cash averaged $27 per acre, $1 above the previous year.

The U.S. farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre, or 12%, from 2021. The U.S. cropland value averaged $5,050 per acre, an increase of $630 per acre, or 14%, from the previous year. The U.S. pasture value averaged $1,650 per acre, an increase of $170 per acre, or 11%, from 2021.

Source: USDA NASS, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all of its subsidiaries are not responsible for any of the content contained in this information asset.