A Farmers National Company report says current land values in the Dakotas and Minnesota are 10 to 15 percent higher than last year. FNC Senior Vice President of Real Estate, Randy Dickhut, says there are a number of factors leading to the price increase. “There’s a lower supply of land for sale. That started in 2013 and continues today and there’s less on the market than normal. There’s also low interest.” Dickhut says the biggest factor is likely the increase in farm income. “With the extra government payments and good commodity prices brought more optimism for buyers, become more competitive in purchasing land.”
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