Farmland prices expected to keep rising


Farmland prices around Minnesota have risen over the past two decades and the Alexandria Echo Press reports that land values are expected to continue to increase.

The paper quotes Steve Taff, an economist with University of Minnesota Extension, who has conducted an annual farmland appraisal since 1992 in coordination with the 100-year study organized by the University of Minnesota. His research finds farmland prices in Minnesota have been rising steadily since 1990, and peaked at a state average of over $3,500 per acre in 2010.

Taff said the combination of high corn prices and low interest rates have driven the value up. He said that if crop prices remain high and interest rates on treasury bills remain low, land prices have the potential to continue to appreciate. But the higher prices mean that fewer farmers will be able to afford to expand. Taff noted that in the past three years about one-half as much farmland was sold compared to preceding years. Because of higher prices, only one percent of Minnesota’s farmland is sold in a given year, leading to 50 percent of the farmland being leased.

Next Up

J.A. Happ

Twins sign veteran J.A. Happ to add to the rotation

The right-hander will get a one-year, $8 million deal from the Twins.

storm the capitol rally st. paul minnesota state capitol

BCA finds 'no criminal wrongdoing' among those at 'Storm the Capitol' rally

Inflammatory comments were made by speakers, but no charges will be brought.

Screen Shot 2021-01-18 at 12.27.04 PM

Man's vehicles crushed by hit-and-run driver weren't fully insured

The goal is to raise $25,000 to help the south Minneapolis resident.

Joe Biden

Key points from Joe Biden's first speech as POTUS

The 46th president called for unity at a time America is facing huge challenges.

coronavirus, covid-19

Here is Minnesota's COVID-19 update for Wednesday, January 20

The 111 ICU patients is the fewest in Minnesota since there were 109 COVID patients in intensive care on Oct. 1.


Here's what Amy Klobuchar said at Joe Biden's inauguration

The Minnesota senator was one of the leader organizers of the inauguration.

covid-19, vaccine

All of this week's COVID vaccine pilot program appointments are filled

Nearly 6,000 Minnesotans who are 65 and older registered for appointments between noon Tuesday and Wednesday morning.

Lane kueng thao chauvin

Osterholm affidavit ahead of George Floyd trial warns of COVID worsening in March

Prosecutors want to delay the Chauvin trial due to a public health threat.

WCCO-AM's Sheletta Brundidge talks with Lil Nas X

830-WCCO host calls for Dave Lee's replacement to be person of color

WCCO-AM has not had a person of color as a weekday daytime host in its history.