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The highest average per acre cash rent is $225 per acre for top quality land in the West Central region. With a range in per acre rents of $147 to $225, this region has the highest cash rents across all land qualities.Cash rents are the lowest in the Southeast, $86 to $151 per acre.or average and poor quality land, the average increased by $3 per acre (Table 2, click here to view). The average estimated cash rent was $202 per acre on top quality land, $161 per acre on average quality land, and $124 per acre on poor quality land.
According to the USDA and the Minnesota Ag Statistics Service, the average value per acre of cropland on Jan. 1, 2002 was $1,500. On Jan. 1, 2012, the average value of cropland was $4,050 per acre. The average price paid for renting Minnesota cropland in 2002 was $81 per acre.In 2012, the average price was $151 per acre. Interestingly, Minnesota farmers who rented pasture in 2002 paid $19 per acre, and in 2012 the average rent was $24.50 per acre, according to the Minnesota Ag Statistics.The USDA numbers are based on collected survey data.n 2012, the average price was $151 per acre. Interestingly, Minnesota farmers who rented pasture in 2002 paid $19 per acre, and in 2012 the average rent was $24.50 per acre, according to the Minnesota Ag Statistics.