MN Farmland Prices May be Stabilizing 12 Mar 18

(Learfield News Service/Undated) — Prices for Minnesota farmland may be stabilizing after a decline in 2017. The Federal Reserve Bank of Minneapolis reported last week that agriculture in Minnesota remains weak but stable.

Lower land values are helpful to those looking to purchase or rent land, especially younger farmers. But the prices mean trouble for those who bought in at the high end in 2012, making it more difficult to obtain operating loans.

Prices per acre have dropped 15 to 25-percent since hitting record levels in 2012 and 2013.