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Cropland values, cash rents higher in 2010

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WILLMAR -- Following a modest decline in 2009, Minnesota cropland values moved higher again in 2010. Meanwhile, average cash rental rates for Minnesota cropland continued their uninterrupted and steady upward climb.

According to the U.S. Department of Agriculture, average cropland values in Minnesota increased by 6.1 percent over the last year, to an average of $2,770 per acre, up from $2,610 per acre in 2009.

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