North Dakota
Cropland values increase across North Dakota
BISMARCK, N.D. (KFYR) – Just like everything else, inflation has impacted cropland prices, especially in the last couple of years.
NDSU Extension says over time, cropland values have increased. Part of that is the advances in technology and yield increases have gotten better over the years.
“It seems like right next to town, so like Bismarck, Minot, Fargo, some of those areas, we’ve got enough urban sprawl that is going on. I know even looking on some of the land values just a couple miles out of Bismarck, it went from $2,300 an acre, all of a sudden it’s upwards of $7,000 to $20,000 an acre,” said Tyler Kralicek, NDSU extension agent.
NDSU Extension says North Dakota cropland values increased 11.59% heading into the spring of 2024. The eastern part of the state is seeing more of an increase in land values.
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