This month Agricultural Business Management educators with University of Minnesota Extension updated their report on rental rates and trends for the past five years. This information is meant as a guide and starting point for producers and land owners. There is no way to statistically project future rental rates.
The land rental data is extracted from a database of farm record summaries of over 2,000 Minnesota farms. The rental rates are based upon analysis of the financial records of participating farmers and represent the actual rents paid for the years listed. Also included is the 2014 county rental data gathered by the USDA National Ag Statistical Service in cooperation with the Minnesota Department of Agriculture.
For more information on Extension's Agricultural Business Management program, visit http://www.extension.umn.edu/agriculture/business/.