North Dakota Cropland Values Up Double Digits Again in 2023

摘要

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.