Nationwide, farmland values rose two percent this past year. The Northern Plains region went the other direction with farmland values down 1.4 percent. In Minnesota, farm real estate values averaged $4,700 per acre, down $50 from last year. Farmland in North Dakota is averaging $1,830 per acre this year, down $10 per from last year. South Dakota farm real estate averaged $2,170 per acre, down $10 from 2017. Cash rents for crop ground in the three states are mostly unchanged from last year.
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