New data from the American Society of Farm Managers and Rural Appraisers shows a mostly steady farmland market across the Upper Midwest, with Minnesota values holding firm overall. Jared Oachs, who is with Crown Appraisals in Fargo, says strong demand for high-quality land and limited acres for sale are supporting the market. “The productive land with a good pedigree is still bringing strong results for people out there. Overall, what we’re seeing is a stable piece of that balance sheet.” Oachs says the trend is more mixed in North Dakota, with some regions gaining and others declining. “In the Red River Valley for 2025, we did see essentially no change. In the Southwest, we actually saw an 11 percent increase. The Northeast and Northwest were off about 10 percent each. In general, North Dakota saw more of a decline compared to its Minnesota counterpart.” He says limited land for sale and a shifting buyer pool will be key factors to watch moving forward. To read MN report click here. To read ND report click here.
