Cropland values and rents increased in parts of North Dakota in 2018. “A January survey by the North Dakota Department of Trust Lands reflected the impact of very strong yields and federal aid to producers in the form of Market Facilitation Payments,” explains Andy Swenson, NDSU Extension farm management specialist. Cropland values per acre were the strongest in the east central part of the state, increasing 13.5 percent to $2,248. The northwest region values increased 7.2 percent to $1,189. Values in the north central and southern Red River Valley increased to $1,692 and $4,064, respectively. The average increase was 1.2 percent to $1,766 in northeastern North Dakota. The average cash rent per acre increased by 3.6 percent in 2018, compared to a 4.6 percent decrease the previous year. Swenson says the 2019 crop year could challenge farm profits and lands values due to high production costs and low crop prices. The full findings can be found here.
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