Associated Press, Published August 02 2013
ND farm real estate value, cropland up from 2012
FARGO, N.D. — Farm real estate in North Dakota has increased in value by 36 percent.
The Agriculture Department says in a new report that the value of farm land and buildings in 2013 averaged $1,690. That is up $450 per acre.
Cropland value increased 41 percent from last year to $1,910 per acre. Pastureland value was $630 per acre, up $140.
Cash rent paid to landlords in 2013 for cropland increased from last year. Irrigated cropland rent averaged $165 per acre, an increase of $29. Dry land cropland rent averaged $64 per acre, up $7.
Pasture rented for cash, which averaged $15 per acre, is up $1 from the previous year.