According to a new USDA report, Minnesota farmland averaged $5,240 per acre this past year, up $400 from last year. Farm real estate in South Dakota averaged $2,190 per acre, up $180 per acre from 2020. In North Dakota, farmland averaged $1,820, up $100 per acre. Cash rents for dryland crop ground in Minnesota averaged $177 per acre. South Dakota cropland cash rents averaged $120 per acre and $72.50 per acre in North Dakota.
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