Minnesota Farmland Values: October 2026 Auction Results
By Jennifer Busch, ALC | United Country Real Estate | Midwest Home & Farm Realty
If you own farmland in southern Minnesota, the question I hear most this fall is simple: what is land actually bringing right now? Below are the publicly reported Minnesota farmland auction results I could verify for October 2026, with a link to every source, plus September results from southern Minnesota for comparison.
October 2026 at a glance
- 8 Minnesota farmland tracts with a published per-acre price sold at auction in October 2026
- Range: $6,100 to $19,700 per acre
- Median: $9,350 per acre
- Southeast Minnesota: one sale, 155.6 acres in Winona County (Utica Township), 92.1 CPI, high bid $15,200 per acre (before a 3% buyer's fee)
Prices are per deeded acre as published by the selling auction company and generally exclude buyer's premiums. Minnesota sales report soil quality as CPI (Crop Productivity Index), not CSR2 (Iowa's index), so CPI is shown where it was published.
October 2026 Minnesota results by county
| Date | County (Township) | Acres | $/Acre | Soil rating | Source |
|---|---|---|---|---|---|
| Oct 27 | Winona (Utica Twp) | 155.6 (153.86 tillable) | $15,200 high bid + 3% buyer's fee | 92.1 CPI | Tony Montgomery Realty & Auction |
| Oct 27 | Nobles (Leota Twp), Tract 1 | 135.48 | $19,700 | not published | Zomer Company |
| Oct 27 | Nobles (Leota Twp), Tract 2 | 108.86 | $17,600 | not published | Zomer Company |
| Oct 26 | Rock (Clinton Twp), Tract 1 | 71.32 | $9,900 | not published | Zomer Company |
| Oct 26 | Rock (Clinton Twp), Tract 3 | 74.37 | $8,800 | not published | Zomer Company |
| Oct 26 | Rock (Clinton Twp), Tract 4 | 29.46 | $7,250 | not published | Zomer Company |
| Oct 26 | Rock (Clinton Twp), Tract 2 | 51.83 | $6,600 | not published | Zomer Company |
| Oct 22 | Otter Tail | 71.00 | $6,100 | 32.7 NCCPI | Peoples Company |
What stands out: the Winona County farm is a large, nearly all-tillable, single-field farm on mostly Tama soils, and it brought $15,200. That's in line with the strongest southern Minnesota sales from September. The big spread inside Rock County ($6,600 to $9,900 on the same day) is a reminder that tillable percentage, soils, and drainage move price more than the county name does.
September 2026 southern Minnesota results, for comparison
| Date | County | Acres | $/Acre | CPI | Source |
|---|---|---|---|---|---|
| Sep 8 | Mower (2 tracts, whole-farm average) | 320 | $13,260 avg | 92.4 / 90.8 | LandProz recap, DTN |
| Sep 8 | Faribault (2 tracts, average) | ~164 | $10,167 avg (tract 2: $11,110) | 90 / 89.4 | DTN, High Point Land Co. |
| Sep 11 | Nicollet, Parcel 1 | part of 147.63 | $16,200 | see brochure | Hertz |
| Sep 11 | Nicollet, Parcel 2 | part of 147.63 | $14,300 | see brochure | Hertz |
| Sep 11 | Nicollet, Parcel 3 | part of 147.63 | $12,600 | see brochure | Hertz |
| Sep 22 | Rock, Parcel 1 | 164.00 | $10,700 | 93.1 | Wingert Land Services |
| Sep 22 | Rock, Parcel 3 | 160.98 | $9,100 | 87.7 | Wingert |
| Sep 22 | Rock, Parcel 2 | 161.38 | $8,900 | 94.2 | Wingert |
| Sep 22 | Nobles, Parcel 2 | 40.47 | $12,700 | 92.3 | Wingert |
| Sep 22 | Nobles, Parcel 1 (mostly CRP) | 29.53 | $5,600 | n/a | Wingert |
| Sep 23 | Martin (Nashville Twp) | 105.00 | $11,600 | 90.1 | Wingert |
| Sep 23 | Martin (Westford Twp) | 77.98 | $11,100 | 93.3 | Wingert |
| Sep 25 | Waseca (Otisco Twp) | 89.35 | $10,700 | 85.6 | Wingert |
Across these 13 September results the median is $11,100 per acre (two of the 13 are whole-farm averages). Hertz also reported a late-August Sibley County sale of 232.18 acres in three parcels at $14,200 per acre each, with CPIs of 92.0 to 94.5 (Hertz).
Is the market going up or down?
October's median ($9,350) is lower than September's ($11,100), but that is not a trend. October's list is small and weighted toward Rock County tracts and one low-CPI Otter Tail farm. When you compare like with like, high-CPI, highly tillable southern Minnesota farms brought $13,000 to $16,000+ in both months, from Mower and Nicollet in September to Winona in October.
For a wider view, Compeer Financial's appraisal team reports that farmland sales in six southeast Minnesota counties (Dakota, Le Sueur, Rice, Goodhue, Wabasha and Dodge) are well below last year's pace, with 55 qualifying transactions so far in 2026. Values are still up about 5% year over year, and county averages run about $11,000 to $11,500 per tillable acre, approaching $14,500 in Dodge County (Compeer via Land Sales Bulletin). Compeer also notes that November through February is usually the busiest stretch for land sales.
Coming up
High Point Land Company has 141.22 acres in Dexter Township, Mower County, on an online auction ending November 10 (High Point). I'll include the result in next month's update.
Thinking about selling or buying?
Every farm is different. Tillable acres, CPI, tile and drainage, access, and lease status all change what a buyer will pay. If you'd like a no-obligation opinion of value on your land, I'm happy to put together a sourced comparable-sales analysis for you.
Jennifer Busch, ALC United Country Real Estate | Midwest Home & Farm Realty midwestfarmrealty.com
Results above are as published by the selling auction companies and the cited reports, and they were checked on November 1, 2026. They have not been independently verified against recorded deeds or eCRVs, and final closed prices may differ. Prices exclude buyer's premiums unless noted. This is general market information, not an appraisal.