Our Company’s Minnesota Real Estate & Auction Services

Sell Your Minnesota Land or Farm with Help from DreamDirt

Minnesota’s land is diverse and beautiful, from fertile farmland to rich timberland to scenic recreational areas.

If you’re a landowner seeking to sell your farm or property, it’s important to find trustworthy, accurate information throughout the process. At DreamDirt, we have a team of Minnesota auctioneers and brokers who are ready to help you find the best way to sell your land, discover the ideal price for your farm, and navigate the existing market conditions.

Our goal is to provide safe, one-stop-shop style service for landowners like you to get the best real estate advice.

Our Minnesota Auction & Real Estate Services

DreamDirt has worked with thousands of landowners across the Midwest over the years, helping them find maximum value when they sell their assets.

Our goal is to become the leading farmland auction company in Minnesota. We do that by offering customizable options to fit your needs. We have marketing platforms for real estate, personal property, and livestock.

We offer a full spectrum of services to cover every land transaction from the start to the end. Our team is able to perform:

  • Farmland auctions
  • Online land auctions
  • In-person live auctions
  • Private treaty negotiated real estate listings
  • Farm equipment and retirement auctions through FarmBid

Our real estate agents and auctioneers in Minnesota can quickly service your listing and will help you achieve the best potential outcome. Want to see what we can do for you? Get started today by requesting a free market analysis for your farm or calling our auctioneer, Jason Smith, at 515-537-6633.

Breaking Down Minnesota’s Cropland Prices

Farmland prices have increased from 2022 to 2023. According to a USDA National Agricultural Statistics Service report released August 2023, Minnesota’s farm real estate value, which is land plus buildings on a farm, averaged $6,600/acre in 2023. This is $450/acre higher than 2022’s average of $6,150/acre. Cropland prices increased from $6,200 to $6,820. Pasture also increased from $2,010 to $2,100/acre. 

Minnesota Cropland Values
Minnesota Pasture Land Values

The Minnesota Chapter of the American Society of Farm Managers and Rural Appraisers also publishes a survey conducted each year. Data is collected from Jan. 1 to Dec. 31 and broken down into eight regions. The following data is from their Land Value and Cash Rent Survey from January 2023. Results are from a survey, and it is best advised to seek a land professional when determining what your land is worth. 

Southwest Minnesota Farm Prices

Current average per-acre prices for counties in Southwest Minnesota, including Rock, Nobles, Jackson, Pipestone, Murray, Cottonwood, Lincoln, Lyon, Redwood, Yellow Medicine, and Lac Qui Parle in Region 1.

South Central Minnesota Farm Prices

Current average per acre prices for counties in South Central Minnesota include: Blue Earth, Brown, Faribault, Freeborn, Le Sueur, Martin, Rice, Steele, Waseca, and Watonwan County.

County Low Medium High
Cottonwood $10,000 $12,000 $15,185
Jackson $7,000 $10,500 $15,200
Lac Qui Parle $4,800 $7,400 $10,700
Lincoln $4,900 $7,800 $9,900
Lyon $5,500 $10,300 $15,000
Murray $4,100 $10,150 $14,400
Nobles $7,450 $12,100 $18,200
Pipestone $4,400 $11,100 $16,000
Redwood $6,250 $11,900 $14,825
Rock $2,500 $11,500 $19,700
Yellow Medicine $5,250 $8,675 $12,000
Average $10,311
County Low Medium High
Blue Earth $9,285 $11,177 $14,478
Brown $9,357 $12,622 $17,877
Faribault $9,127 $11,856 $15,251
Freebron $8,646 $11,033 $14,100
Le Sueur $8,031 $11,213 $15,529
Martin $9,870 $11,127 $13,344
Rice $7,895 $10,366 $13,699
Steele $9,728 $11,510 $14,527
Waseca $8,764 $10,419 $10,475
Watonwan $9,067 $11,476 $13,787
Average $11,280

Southeast Minnesota Farm Prices

Current average per-acre prices for counties in Southeast Minnesota, including Dodge, Filmore, Goodhue, Houston, Mower, Olmsted, Wabasha, and Winona. 

Central Minnesota Farm Prices

Current average per-acre prices for counties in Central Minnesota include: Chippewa, Kandiyohi, McLead, Meeker, Nicollet, Renville, Sibley, Swift, and Wright County.

County Low Medium High
Dodge $7,500 $12,150 $14,550
Fillmore $4,750 $8,100 $12,000
Goodhue $7,000 $9,850 $14,700
Houston $6,000 $6,700 $11,000
Mower $5,000 $10,600 $12,700
Olmsted $8,000 $10,400 $13,000
Wabasha $6,100 $9,100 $10,700
Winona $6,000 $7,400 $8,750
Average $9,288
County Low Medium High
Chippewa $5,577 $9,165 $13,952
Kandiyohi $4,800 $12,056 $17,282
McLeod $6,800 $9,250 $12,594
Meeker $6,471 $11,529 $14,625
Nicollet $8,600 $13,000 $14,500
Renville $7,407 $11,571 $17,136
Sibley $7,500 $12,000 $14,424
Swift $5,124 $8,693 $11,202
Wright $7,000 $9,500 $11,800
Average $10,752

East Central Minnesota Farm Prices

Current average per-acre prices for counties in East Central Minnesota, including Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington County.

West Central Minnesota Farm Prices

Current average per-acre prices for counties in West Central Minnesota include: Benton, Big Stone, Douglas, Grant, Pope, Mille Lacs, Morrison, Otter Tail, Sherburne, Stearns, Stevens, Todd, Traverse, Wadena, and Wilkin County. 

County Low Medium High
Anoka - - -
Carver $6,200 $11,200 $15,500
Dakota $8,500 $10,500 $13,000
Hennepin $12,400 $13,800 $15,200
Ramsey - - -
Scott $7,500 $9,800 $12,500
Washington $11,500 - $16,000
Average $9,800
County Low Medium High
Benton $4,000 $4,500 $5,000
Big Stone $5,600 $6,300 $6,500
Douglas $3,800 $5,500 $9,000
Grant $6,800 $6,800 $10,000
Pope $4,500 $6,500 $7,500
Mille Lacs $2,900 $4,200 $4,800
Morrison $2,00 $4,000 $6,200
Otter Tail $3,500 $4,500 $6,500
Sherburne $3,800 $5,800 $7,000
Stearns $5,000 $6,500 $8,000
Stevens $5,500 $6,500 $9,800
Todd $2,000 $3,800 $5,700
Traverse $5,000 $7,000 $8,300
Wadena $1,600 $2,500 $2,800
Wilkin $5,800 $7,200 $8,700
Average $5,440

Northwest Minnesota Farm Prices

Current average per-acre prices for counties in Northwest Minnesota include: Becker, Beltrami, Cass, Clay, Clearwater, Hubbard, Kittson, L.O.W, Mahnomen, Marshall, Norman, Pennington, Polk, Red Lake, and Roseau County. 

Northeast Minnesota Farm Prices

Current average per-acre prices for counties in Northeast Minnesota include: Aitkin, Carlton, Chisago, Cook, Crow Wing, Isanti, Itasca, Kanabec, Koochiching, Lake, Pine, and St. Louis County. 

County Low Medium High
Becker $2,930 $4,654 $8,500
Beltrami - - -
Cass - - -
Clay $3,988 $7,217 $9,253
Clearwater $1,350 $1,450 $1,500
Hubbard - - -
Kittson $1,668 $3,502 $5,238
L.O.W. $1,150 $1,150 $1,150
Mahnomen $1,985 $4,654 $6,000
Marshall $2,000 $4,066 $6,503
Norman $3,052 $5,616 $6,810
Pennington - - -
Polk $3,172 $6,035 $9,657
Red Lake $1,747 $3,385 $5,196
Roseau $1,311 $2,852 $4,100
Average $4,053
County Low Medium High
Aitikin $1,600 $2,000 $2,500
Carlton - - -
Chisago $4,500 $5,500 $6,200
Cook - - -
Crow Wing - - -
Isanti $3,525 $4,500 $6,200
Itasca - - -
Kanabec - - -
Koochiching - - -
Lake - - -
Pine - - -
St. Louis - - -
Average $4,000

Agricultural Land Prices Increase in Minnesota

The University of Minnesota Extension studies farmland prices in each county in the southwest region of Minnesota. Here are the results of their records from Jan. 1 through June 30 sales.

Land values in Minnesota have been increasing since 2014, and southwest Minnesota saw a 27.9% increase. The average per-acre price is currently $6,873 for the following counties: Chippewa, Cottonwood, Jackson, Lac qui Parle, Lincoln, Lyon, Martin, Murray, Nobles, Pipestone, Redwood, Rock Watonwan, and Yellow Medicine. Cottonwood County saw the largest increase of 86.77%. Only two counties saw a slight decrease in prices but this survey includes all land not just tillable farmland.

There could be variation in the quality of the land that was sold in 2021 versus 2022. Current factors that affect land values are farm incomes, commodity prices, rising interest rates, 1031 exchange buyers, and the supply of land available for sale.

Southwest Minnesota Average Per Acre Price & Percent Change from Previous Year

County 2021 2022 Percent Change
Chippewa $6,812 $6,333 -7%
Cottonwood $4,839 $9,033 86.7%
Jackson $6,750 $9,300 37.8%
Lac qui Parle $4,719 $6,733 42.7%
Lincoln $6,350 $7,092 11.7%
Lyon $6,902 $8,787 27.3%
Martin $7,479 $9,127 22%
Murray $6,622 $8,038 21.4%
Nobles $7,680 $11,025 43.6%
Pipestone $9,008 $8,282 -8.1%
Redwood $7,082 $10,534 48.7%
Rock $7,854 $9,935 26.5%
Watonwan $6,671 $9,918 48.7%
Yellow Medicine $6,158 $7,284 18.3%
Average $6,780 $8,673 27.9%

Cash Rent Prices for Minnesota Cropland

According to the USDA report mentioned above, cash rent prices for cropland increased as well for landlords. On average, tenants paid $198 per acre, which is $13 higher than last year. Landowners of irrigated cropland saw an average of $215 per acre for cash rent income. Non-irrigated cash rent also increased to $198/acre, and pasture rent increased $3 to $30 per acre. Visit our Farm Real Estate Management Services page to learn more about our cash rent auctions and how we can help with managing your farm.

Minnesota cash rent values
Minnesota land values 5 year history

Minnesota’s Land Diversity

Minnesota’s land real estate is incredibly diverse. As you drive through the state, you can see farmland, pasture land, timber, recreational properties, and even fields of sunflowers! Western and South-Central parts of Minnesota, including farms near Alexandria, St. Cloud, Marshall, Albert Lea, and Rochester, are known for having fertile soils from the glacial deposits that help make the farmland suitable for multiple crops. 

Both farmers and farmland investors actively buy land across Minnesota. Although corn and soybeans are the most popular crop to produce, there are fields of wheat, oats, barley, sugar beets, and potatoes.

Family Farms in Minnesota

Many family-owned dairy farms can be found in Central and Southern Minnesota near Minneapolis, including the dairy capital of Minnesota – Stearns County. Minnesota consistently ranks in the top 10 dairy-producing states and is home to approximately 450,000 to 500,000 dairy cows. Minnesota also includes livestock farms that have hogs, poultry, beef cattle, sheep, goats, and other specialty species. 

Minnesota’s Forestry & Timberland

The forestry and the timber industries also contribute to Minnesota’s agricultural economy. Many of the forests lie in the northern and eastern parts of the state. The largest forest is Pine Island State Forest in Koochiching County.

Recreational Land Activities in Minnesota

Minnesota offers many outdoor recreational activities. If you enjoy fishing like many of the auctioneers and land agents on our team, Red Lake, which is North of Bemidji and East of Thief River Falls, is a beautiful place to take your family. North Shore is also a popular place along Lake Superior for outdoor activities, stretching about 150 miles along the northeastern edge of Minnesota from Duluth all the way to the Canadian border. You can enjoy the beach, waterfalls, hiking, lighthouses, scenic views, and various wildlife including black bears and moose.

What’s My Minnesota Farm Worth?

Considering selling land in Minnesota and not sure how much your farm or land is worth? We can help you establish an estimated value of your farm and offer initial guidance for free. From there we can talk about selling the land and the best path forward for you.

Contact Our Minnesota Auctioneer or Real Estate Agent

Jason J Smith

Jason J Smith

Auctioneer & Land Broker

Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest.  Jason has worked with hundreds of clients to create advantageous outcomes.  If you are selling land schedule a consultation with Jason by calling or using the calendar.

Phone: 515-537-6633

Download our Free Farmland Sellers Ebooks Here

“The Secrets of Selling Farm and Land Properties” and “Online Land Auctions” are the only books about selling farmland!  You can download them now so you can get up to speed quickly!

Your Ebooks were an incredible help in understanding the selling process and just grasping the terminology associated with our farmland sale. I just had no idea of the magnitude of the many considerations we’d make, but the books did a great job of helping us make better decisions. I was so pleasantly surprised to find them that I read both of them start to finish in a day. I hope others find them as helpful as we did!

Joan Hughes

Cerro Gordo County, Farmland Seller

Free farmland seller ebook offer

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Contact DreamDirt Today!

DreamDirt provides farm real estate services in Iowa, Minnesota, South Dakota, Nebraska, and Missouri. We are licensed real estate brokers and auctioneers and help people sell land using listing and auction processes. You can reach us toll-free at 855-376-3478.