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Showing posts from February, 2017

Minnesota Farmland Sales Down Slightly in 2016

By David Bau, Extension Educator

Last month I listed the average sales prices for farmland sold in the first six months of 2016 for 14 SW Minnesota counties. That data indicated a 2.6 percent decline in sale prices from 2015 to 2016 but half of the counties average sale prices increased from 2015 to 2016.  In January the farmland sales for every Minnesota County were made available to the public. You can find this information online at www.landeconomics.umn.edu.

This data is from the county assessors and compiled on this website by Professor William F. Lazarus, University of Minnesota. Results indicated statewide Minnesota farmland sales from 2016 were down 2%, from $4,911 per acre in 2015 to $4,813 in 2016. This was down from $4,975 in 2014 average or 1.3% decline from 2014 to 2015. You are able to find average price acre for farmland sales by township on this website since 1990. The assessed values can also be found at this website. Another feature found here is the ability to searc…