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Minnesota cropland values decline, cash rents increase

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WILLMAR -- After years of steady increases, Minnesota cropland values declined in 2009. However, average cash rental rates for Minnesota cropland continue to increase.

According to the U.S. Department of Agriculture, average cropland values in Minnesota declined by 3.3 percent over the last year, to an average of $2,610 per acre, down from $2,700 per acre in 2008.

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