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USDA survey finds Minnesota cropland values up 24.6 percent and cash rents up 11.8 percent

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According to the U.S. Department of Agriculture, Minnesota cropland values and cash rental rates continued their strong and steady climb upward in 2012.

Based on a survey conducted during the first two weeks of June, USDA's National Agricultural Statistics Service found that average cropland values in Minnesota increased by 24.6 percent in 2012, to an average of $4,050 per acre, up from $3,250 per acre in 2011.

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