Source: Star Tribune —
Rising prices for farmland across Minnesota helped Greg Schuman and his siblings decide it was finally time to sell off 160 acres in Chippewa County that his family owned for nearly a century.
“The timing was right for us, with land prices where they’re at, and where we’re at in our lives,” said Schuman, who lives in Nisswa and turns 60 this month. The four siblings sold the farm between Clara City and Maynard to an investor for an amount Schuman wouldn’t reveal except to say that “all of us were very happy with the outcome.”
Near-record high corn and soybean prices over the last year are the biggest driver in a farmland value surge that, if it continues, could emerge as rural Minnesota’s version of the Twin Cities real estate boom.
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