North Dakota pastureland values and cash rents have been steady over the past four years. Pastureland values are averaging $913 this year. Since 2016, those prices have gone up by an average of 0.6 percent per year, which is lower than the annual rate of inflation. According to the County Rents and Prices Annual Survey, statewide cash rents for pasture ground are averaging $18.30 per acre. Those values have also gone sideways over the past four years.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.