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.
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’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
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 Email: [email protected]
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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!
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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.