Farmland rental rates around the state were compiled by the Minnesota Extension Service recently. 

In the table above, average rents for Otter Tail, Becker, Clay, and Wilkin counties, paid by farmers in the farm management programs. 

The estimated rents for 2021 are listed in the last column. The 2021 estimated rental rates were determined using FINBIN actual rental data through 2020. 

Trends from FINBIN for rents from 2019 to 2020 changed by increasing 2.0 percent. 

Estimated zero percent change in rents from 2019 to 2020, used 0% to determine an estimate for 2021. 

For more news from U of M Extension, visit www.extension.umn.edu/news or contact Extension Communications at extdigest@umn.edu. University of Minnesota Extension is an equal opportunity educator and employer.

Quick facts on farm rental rates 

• Reported rental rates include both family and unrelated party land rent contracts as well as long-term rental contracts.

• Rental rates between family members can be lower than those between unrelated parties.

• Long-term rental contracts generally do not change dramatically during the length of the contract and therefore may affect the weighted average numbers used in the data calculations.

• The land rental rates shown may not align with rents being paid for new land coming on the market.

This information is meant as a guide and starting point. The information and data is not meant to establish, determine, set, fix or suggest what actual rents should be. It is a report of historical land rental rates in Minnesota.