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<blockquote data-quote="3Roosters" data-source="post: 385282" data-attributes="member: 1351"><h3>North Dakota cropland values up double digits again in 2023</h3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; The largest increase in land values occurred in the east-central and southern Red River Valley regions with both increasing over 20%.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; (Click an image below to view a high-resolution image that can be downloaded)&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <ul>
<li data-xf-list-type="ul"><a href="https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-per-acre-values-cropland.jpg/image_view_fullscreen" target="_blank">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <img src="https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-per-acre-values-cropland.jpg/@@images/1c0f751f-ae15-422c-9113-536b6d6bc2a8.jpeg" alt="Estimated Average Cropland Per Acre Values (NDSU photo)" class="fr-fic fr-dii fr-draggable " style="" />&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Estimated Average Cropland Per Acre Values (NDSU photo)</li>
<li data-xf-list-type="ul"><a href="https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-cash-rent-cropland.jpg/image_view_fullscreen" target="_blank">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; <img src="https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-cash-rent-cropland.jpg/@@images/9fbad2cc-cdcc-46f2-b7c6-8cc8439a73a8.jpeg" alt="Estimated Average Cropland Cash Rent (NDSU photo)" class="fr-fic fr-dii fr-draggable " style="" />&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Estimated Average Cropland Cash Rent (NDSU photo)</li>
</ul>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; Despite high production costs to start 2022, net farm incomes remained high helping facilitate a sharp rise in land prices for 2023, says Bryon Parman, North Dakota State University (NDSU) Extension agricultural finance specialist.The statewide average land price increase from 2022 to 2023 was 13.46%, which is higher than last year’s increase of 10.9%. Rents were also up considerably, rising 6.82% statewide, marking the largest increase in 10 years.The data for the rental rate and land value changes comes from the North Dakota Department of Trust Lands County Rents and Prices Annual Survey found online at <a href="https://www.land.nd.gov/resources/north-dakota-county-rents-prices-annual-survey" target="_blank">https://www.land.nd.gov/resources/north-dakota-county-rents-prices-annual-survey</a>. The data is then combined into NDSU Extension regions using a weighted average based on the number of county acres.</blockquote>

[QUOTE="3Roosters, post: 385282, member: 1351"] [HEADING=2]North Dakota cropland values up double digits again in 2023[/HEADING] The largest increase in land values occurred in the east-central and southern Red River Valley regions with both increasing over 20%. (Click an image below to view a high-resolution image that can be downloaded) [LIST] [*][URL='https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-per-acre-values-cropland.jpg/image_view_fullscreen'] [IMG alt="Estimated Average Cropland Per Acre Values (NDSU photo)"]https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-per-acre-values-cropland.jpg/@@images/1c0f751f-ae15-422c-9113-536b6d6bc2a8.jpeg[/IMG] [/URL] Estimated Average Cropland Per Acre Values (NDSU photo) [*][URL='https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-cash-rent-cropland.jpg/image_view_fullscreen'] [IMG alt="Estimated Average Cropland Cash Rent (NDSU photo)"]https://www.ag.ndsu.edu/news/newsreleases/2023/april/north-dakota-cropland-values-up-double-digits-again-in-2023/estimated-average-cash-rent-cropland.jpg/@@images/9fbad2cc-cdcc-46f2-b7c6-8cc8439a73a8.jpeg[/IMG] [/URL] Estimated Average Cropland Cash Rent (NDSU photo) [/LIST] Despite high production costs to start 2022, net farm incomes remained high helping facilitate a sharp rise in land prices for 2023, says Bryon Parman, North Dakota State University (NDSU) Extension agricultural finance specialist. The statewide average land price increase from 2022 to 2023 was 13.46%, which is higher than last year’s increase of 10.9%. Rents were also up considerably, rising 6.82% statewide, marking the largest increase in 10 years. The data for the rental rate and land value changes comes from the North Dakota Department of Trust Lands County Rents and Prices Annual Survey found online at [URL]https://www.land.nd.gov/resources/north-dakota-county-rents-prices-annual-survey[/URL]. The data is then combined into NDSU Extension regions using a weighted average based on the number of county acres. [/QUOTE]

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