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St. James EDA approves $165-per-acre soybean rental for temporarily available 23 acres

St. James Economic Development Authority · April 14, 2026
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Summary

After a failed initial motion to set $150 per acre, the board approved a $165-per-acre rental for soybeans on 23 acres that became available due to construction delays on 12th Ave S; the motion passed 4-0.

The St. James Economic Development Authority on April 14 approved renting about 23 acres for soybean planting in 2026 at a rate of $165 per acre.

The land became available because construction on 12th Ave S was delayed; board members discussed farming the land with Dan Sturm. A motion to approve $150 per acre was made by Travis Elg but failed for lack of a second. Mark Johnson then moved, and Travis Elg seconded, a motion to approve $165 per acre for soybeans; that motion passed 4-0.

The board did not specify further lease terms at the meeting (such as payment schedule, insurance, or harvest responsibility) and directed staff to proceed with the agreed per-acre rate.