Land Sales Bulletin

Farm sales down; quality drives values

accountMktgLSB | calendar-monthOctober 9, 2024

Today’s October 9, 2024 Farm Progress report features our Midwest reporting state of Minnesota. September has proven to demonstrate an increase in land values and a stable holding in the land market. Although the number of farm land sales is down from last year and the uncertain early harvest reports, supply and demand is still notable, with farmers leading the charge on quality farmland purchases. Learn more here – https://bit.ly/47YjEEj

Census: Minnesota farms are growing – The Farmer, March 19, 2024

accountMktgLSB | calendar-monthApril 1, 2024

According to the 2022 Ag Census released in February, Minnesota farms of all sizes, including those on the small size are growing. Here is a quick snapshot & look at those results:

  • Farms with 1 to 9 acres grew from 1,974 five years ago to 2,189 in 2022
  • Farms with 10 to 49 acres grew from 4,365 to 5,672; 50 to 179 acres grew from 4,741 to 5,305; and the farms with 180 to 499 acres grew from 2,869 in 2017 to 3,149 in 2022
  • Farms with 500 acres or more grew from 2,183 in 2017 to 2,599 in 2022
  • The average-sized farm in Minnesota is 388 acres in 2022, up from 371 in 2017

Full article: Census: Minnesota farms are growing (farmprogress.com)

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