When searching for the top states for farmland productivity, Minnesota is among the best. Its 19 million acres of fertile farmland support lucrative crops like corn, soybeans, oats, and rice. The state’s southern counties, in particular, are known for their high-performing soils and strong yields, making Minnesota a prime region for investment.
While NASS data shows farmland values flat in Minnesota for most of 2024, GEFVI data show a Q2 peak, followed by two quarters of decline (by 8.35 percent from the peak and 3.95 percent from Q3 to Q4).
Here’s a closer look at MN counties where farmland values are highest and lowest.
Top 5 Minnesota Farmland Counties
County Value / Acre, Q4 2024
- Rock County $12,732.95
- Nobles County $12,114.4
- Mower County $11,365.84
- Jackson County $11,361.59
- Renville County $11,113.01
Bottom 5 Minnesota Farmland Counties
County Value / Acre, Q4 2024
- St. Louis County $2,256.67
- Cook County $2,321.08
- Lake County $2,368.39
- Lake of the Woods County $2,405.08
- Koochiching County $2,526.12
Depending on the region and land use, the value of farmland in Minnesota can vary. Fertile soil and crop production have stabilized the southern counties, while values in the north fluctuate. When buying, selling, or financing farmland, data on these kinds of variations matter.
Whether you’re evaluating farmland values, loan risks, or looking for a new revenue stream, our simple land valuations tool gets you fast and reliable insights.
