Nicollet County Farmland Info
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There are 660 farming operations in Nicollet County, Minnesota. According to the USDA Census of Agriculture, Nicollet County, Minnesota had 380,966 acres of land in farms. The average size of a farm in Nicollet County was 577 acres in 2024.
Average Nicollet County Farmland Value
The average farmland value per acre in Nicollet County, Minnesota in Q4 2024 was $9,321. There are multiple factors that contribute to the volatility of farmland values. A partial list of factors include:
- Soil quality. The quality of a land’s soil is fundamental to its value, affecting everything from productivity to crop yield to sustainability.
- Commodity price fluctuations. Shifts in the prices of crops or livestock can add to or detract from a land’s value.
- Interest rates. High interest rates can reduce demand for land driving prices down, while lower interest rates can boost demand for land and drive prices up.
- Environmental factors. Climate driven events such as drought, flooding, and extreme weather can dramatically impact farm productivity and ultimately, a land’s value.
- Farmland income. Higher farmland income can lead to higher demand for land, driving prices up in the market.
- Local Factors. Neighbors can have a dramatic impact on farmland value
- Alternative Investment Opportunities. The appeal of farmland to non-farming investors fluctuates with global trends.
Nicollet County Farmland Value History
Changes in Nicollet County by year breakdown as follows:
| Year | Avg Market Value/Acre |
| 2024 | $8,591 /acre |
| 2023 | $9,813 /acre |
| 2022 | $9,595 /acre |
| 2021 | $6,681 /acre |
| 2020 | $5,575 /acre |