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Southwest Minnesota farmland values decline in 2020
The 3.1% decrease is based on land sales between non-related parties during the first six months of the year. 8:15 am, Feb. 25, 2021 ×
This graph shows the average per-acre farmland sale price recorded by county and year. (Special to The Globe)
WORTHINGTON An annual survey of farm land sales in 14 southwest Minnesota counties is complete, showing farmland values decreased 3.1% in 2020.
The survey collects information on bare farmland sales to non-related parties for the first six months of each year.
After reaching record high prices in 2013, the upward trend was broken as prices declined in 2014 and continued down through 2017. The next year, 2018, saw an increase, while 2019 remained constant before the 2020 decline.
U of M Extension 2021 Farm Resource Guide
The 2021 Farm Resource Guide includes a lot of very useful farm business management information that is published by the University of Minnesota Extension Service. The guide is available for $25 plus postage and sales tax. You could check with your local U of M Extension office or email: bauxx003@umn.edu or call 507-372-3900 extension 39900. You could even get a hard copy for $31.
Some of the information included in the Farm Resource Guide include, custom rates, what to charge or what to pay, lease forms for cash and share rent arrangements, farmland sales information for all counties in Minnesota, marketing information along with cost trends in Minnesota with charts, custom information on pasture rental rates and timber value, commodity price probabilities, corn and soybean yields by county, feedlot rule highlights and manure spreading lease examples.
Survey for County Crops Day – on the radio!
University of Minnesota Extension, KDHL Radio, and KRFO Radio hosted the annual Rice and Steele County Crops Day program on the radio this year! Thank you for tuning in on Tuesday, February 23, Thursday, February 25, and/or Friday, February 26, 2021.
Tuesday’s program featured weed updates. Mike Cruse and David Nicolai, Extension Educators, focused on updates regarding Palmer amaranth, a noxious weed on the Minnesota Department of Ag’s eradicate list.
Thursday featured crop diseases, focusing on corn tar spot. Dean Malvick, Extension Plant Pathologist, talked about this disease that was recently found in Minnesota in 2019. Locally, tar spot of corn was also confirmed in several fields in 2020.