Data compiled from the North Dakota Department of Trust Lands annual survey indicates pastureland values increased 11.5 percent while rental rates stayed relatively even. NDSU Extension ag finance specialist Bryon Parman says this could be lingering effects of the drought. “There were some regional differences with some areas moving from six percent to one percent. One of the things that may have muted pasture rental rates was the drought, which can have a multi-year impact.” Parman says predicting pasture value is hard because weather plays a large role in influencing that value. “It doesn’t always just depend on commodity price like it would on cropland.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.