Farmland values continue to push higher. According to a new report from USDA, Minnesota farm real estate value averaged $6,450 per acre in 2024. South Dakota farmland averaged $2,780 and North Dakota was at $2,260 per acre. In all three states, farmland values are up six percent from one year ago. Non-irrigated cropland rents averaged $200 per acre in Minnesota, $131 per acre in South Dakota and $81.50 per acre in North Dakota
