Minnesota farmland prices showed resilience in 2025, even as overall market activity slowed compared to the prior year. While fewer acres changed hands, pricing per acre edged higher, reinforcing a broader Midwest trend where limited supply continues to support land values despite reduced transaction volume.
In this update, statewide farmland sales data from 2024 and 2025 are compared to clearly explain what changed — and, just as importantly, what did not — in Minnesota’s land market.
Minnesota Farmland Prices Per Acre in 2025
To begin with, average farmland prices in Minnesota increased slightly year over year.
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2024 Average Price: $7,969.95 per acre
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2025 Average Price: $8,054.67 per acre
Overall Change:
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+$84.72 per acre
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+1.06% year-over-year
Although the increase was modest, it is still meaningful. In fact, the data confirms that pricing remained firm throughout 2025. At the same time, quality farmland continued to attract competitive interest. Consequently, sellers generally held their price expectations rather than discounting land to force a sale.
Minnesota Farmland Sales Volume Trends
By contrast, total dollar volume moved in the opposite direction.
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2024 Total Sales Volume: $3,387,952,443
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2025 Total Sales Volume: $2,512,502,353
As a result:
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–$875,450,090
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–25.84% year-over-year
Clearly, this was a significant pullback in total dollars transacted. However, this decline does not signal weaker land values. Instead, fewer transactions — not lower pricing — were the primary driver behind the reduced volume, as Minnesota farmland prices remained steady in 2025.
Acres Sold and Market Activity Across Minnesota
When looking closer, the reduction in sales volume becomes even clearer by examining total acreage sold.
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2024 Acres Sold: 322,168.06 acres
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2025 Acres Sold: 295,237.41 acres
That represents:
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–26,930.65 acres
Because fewer acres came to market, total sales volume declined. Meanwhile, per-acre pricing improved. In many cases, landowners chose to hold rather than sell. As a result, limited supply continued to support land values across the state.
What This Means for Minnesota Landowners and Buyers
In simple terms, Minnesota’s farmland market in 2025 can be summarized with a few key points:
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First, land values held firm and edged higher
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Second, market activity slowed materially
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Finally, lower volume does not equal weaker pricing
In other words, the market slowdown reflects fewer opportunities to buy — not discounted land. Likewise, this pattern mirrors trends seen throughout the Midwest, where disciplined sellers and selective buyers remain active in the market.
Looking Ahead
Looking forward, Minnesota farmland prices are likely to remain supported as long as supply stays constrained. Although transaction volume may continue to fluctuate from year to year, pricing strength remains closely tied to land quality, location, and long-term fundamentals. For that reason, landowners evaluating a potential sale — as well as families planning around an estate or trust — should clearly distinguish between pricing trends and activity levels, a point frequently emphasized by the University of Minnesota Extension. Ultimately, a quieter market does not necessarily mean a weaker one.
If you have questions about Minnesota farmland prices or are considering a sale, Whitaker Marketing Group can help you evaluate your land with clarity, data, and experience.
