Compared to other parts of the country, North Dakota farmland values remain flat. As a result, NDSU Extension Ag Finance Specialist Byron Parman does not expect much of an increase in cash rent. Parman, who was part of the NDSU Extension Crop Outlook on Tuesday, said equipment and skilled labor costs are continuing to increase. “Not only is skilled labor getting hard to find, we’re having to pay more for it.” Pre-pricing crop inputs is another option to lower production costs. The NDSU Extension Crop Compare Tool is available to help farmers evaluate production costs.
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