This publication is a snapshot of the Minnesota Farm Real Estate Sales web site (http://www.apec.umn.edu/faculty/sjtaff/salesstudy) as of May 2, 2003. It will be formally "reissued" (the web site will be recaptured) each Spring, as new sales data become available. We no longer distribute a separate farm real estate report in the Minnesota Agricultural Economist (now the Minnesota Applied Economist). The site consists largely of graphs and tables summarizing sales over the past decade. It provides averages at the multi-county region and at the statewide levels of aggregation. Individual transaction data are available for downloading and analysis at Minnesota Land Economics (MLE) web site, located at http://www.apec.umn.edu/landeconomics. Electronic versions of this document are presented in fully navigable portable document format (pdf).