Connect with us

North Dakota

North Dakota Pastureland Values and Rental Rates Continue Upward Trend

Published

on

North Dakota Pastureland Values and Rental Rates Continue Upward Trend


From 2023 to 2024, statewide average pastureland values increased 6.63% from $1,273 per acre to $1,355 per acre. This marks the fourth consecutive year that pastureland values have increased since 2021 averaging an annual increase of 6.9% per year during that span. (Photo: USFWS Midwest Region, Public Domain)

FARGO, N.D. — 2024 marks the fourth year in a row that pastureland values in North Dakota have increased, says Bryon Parman, North Dakota State University (NDSU) Extension agricultural finance specialist.

From 2023 to 2024, statewide average pastureland values increased 6.63% from $1,273 per acre to $1,355 per acre. This marks the fourth consecutive year that pastureland values have increased since 2021 averaging an annual increase of 6.9% per year during that span.

Pastureland cash rental rates edged up in 2024 as well increasing just over 4% to a statewide average of just over $23 per acre. This is according to the North Dakota Department of Trust Lands Annual Land Survey data which has been weighted for this article by county acreage count and put into NDSU Extension regions. The original survey data can be found at: https://www.land.nd.gov/resources/north-dakota-county-rents-prices-annual-survey. The NDSU regions do not include values for the southern Red River Valley, northern Red River Valley, or Northeast regions due to very low numbers of reported pastureland rental rates or sales values. Also, single year variation may not reflect actual conditions. It is more useful to look at trends or multi-year movements.

Advertisement

Much like cropland prices in North Dakota, pastureland values have grown significantly faster than cash rental rates for pastureland. From 2014 through 2024, statewide pastureland prices increased at an annual rate of approximately 5%. However, during that same time pastureland interest rates increased at around 2.2% per year or less than half that of pastureland values.

“As of 2024, the rent-to-value rate for pastureland, where the cash rental rate is divided by the land value to estimate a rate of return, was down to 1.7%,” says Parman. “That is essentially saying that, before accounting for management fees or property taxes, the return to pastureland in North Dakota is 1.7%.  When those factors are also considered, the return is significantly lower. To put that into historical perspective, as of 1990, the rent-to-value for pastureland was approximately 7% showing that over the last 35 years, pastureland values have greatly outpaced rental rates.”

Parman adds, “Like cropland prices responding to crop commodity prices, pastureland prices, and rental rates do respond to cattle prices as well. However, there are nuances and variables that impact pastureland prices differently. For one thing, with crops, a multi-year drought can be overcome more quickly than pasture, as it can take years of additional rainfall to repair damaged rangeland, especially if it was overgrazed during the drought period. Also, following years of drought, cattle may be sold off such that when pastureland has recovered, there are fewer beef cattle inventories and therefore less grazing land needed in the short run. Pastureland can also be highly regionalized such that in areas there are more cattle, those areas command relatively higher rents than areas with fewer cattle, even if areas with fewer cattle would be more productive. Pastureland is also tied to cropland prices in that, even if livestock prices aren’t all that favorable, rising cropland prices can pull pastureland prices up with them.”

“Moving forward, with this spring looking favorable for forage production on range land in North Dakota, and strong beef cattle prices, it is reasonable to expect pastureland values to continue the trend of increasing in value into next year,” Parman says. “Additionally, if strong beef cattle prices continue and inventories increase from their historical low to start 2024, pastureland rental rate increases could pick up over the next few years.”

— NDSU Extension

Advertisement



Source link

North Dakota

Florida fraud suspect arrested in North Dakota

Published

on

Florida fraud suspect arrested in North Dakota


FARGO, N.D. (Valley News Live) – A 24-year-old suspect wanted on fraud charges in Florida was arrested in Bismarck following a multi-state investigation into alleged economic crimes targeting St. Lucie County, Florida residents in 2024.

Kylen Running Hawk was arrested on Tuesday, Dec. 16, by Bismarck authorities working with the St. Lucie County Sheriff’s Office. Running Hawk is being held at the Burleigh County Jail pending extradition to Florida.

Kylen Running Hawk was arrested on Tuesday, Dec. 16, by Bismarck authorities working with the St. Lucie County Sheriff’s Office.(St. Lucie County Sheriff’s Office)

Running Hawk faces three charges under Florida law:

  • Fraud/swindle: Defrauding to obtain property valued at less than $20,000
  • Fraud/impersonation: Use or possession of another person’s identification without consent
  • Grand theft: Property valued at $750 or more but less than $5,000

Detective Cpl. Redler coordinated the cross-state apprehension, according to the St. Lucie County Sheriff’s Office.

The investigation remains ongoing.

Advertisement



Source link

Continue Reading

North Dakota

Seven from Grand Forks region honored by Prairie Business

Published

on

Seven from Grand Forks region honored by Prairie Business


GRAND FORKS – Seven professionals from the Grand Forks region have been named to the Prairie Business magazine’s 2025 list of “40 Under 40.” Honorees must be 40 or younger by the end of the year.

They are: Dustin Fanfulik, civil engineer and vice president at Widseth in East Grand Forks, Minnesota; Travor Fredrickson, senior project manager and senior electrical engineer with CMTA in Grand Forks; Kelby Laxdal, principal civil engineer at Houston Engineering, Inc. in Grand Forks; Courtney McNamee, director of Revenue Cycle and Reimbursement at Altru Health System in Grand Forks; Maggie Melvin, director of Admissions at University of Minnesota Crookston in Crookston, Minnesota; Geoff Slick, Rural Water practice leader at AE2S in Grand Forks; and Sean Sorteberg, MultiMarket Semiconductor director at Digikey in Thief River Falls, Minnesota.

They will be honored at an event in the fall, along with Prairie Business magazine’s other honorees for “Top 25 Women in Business” and “Leaders and Legacies.”

The 40 Under 40 list highlights exceptional professionals, including industry executives, administrators, community leaders, entrepreneurs and more.

Advertisement
Dustin Fanfulik

Contributed

As a civil engineer and vice president at Widseth, Fanfulik, 36, is known for his professionalism and sound engineering judgment. He prioritizes client needs and consistently delivers high-quality results.

He serves as consulting city engineer for Pembina, North Dakota, and several northwest Minnesota communities. His work includes master planning for development, feasibility studies, assessments, design, inspections, and comprehensive project management. His experience spans infrastructure and extends to schools, campground expansions, and commercial and industrial developments across both states. He has also collaborated with the Minnesota and North Dakota Departments of Transportation on major infrastructure projects.

As a shareholder, Fanfulik brings vision, integrity, and a collaborative spirit to his work. His dedication to mentorship, community involvement and engineering excellence makes him a vital contributor to Widseth’s success and a standout young professional in the field.

Advertisement
Travor Fredrickson.jpg
Travor Fredrickson

Contributed

Fredrickson, 37, is a senior project manager and senior electrical engineer with CMTA’s paper Midwest office in Grand Forks.

Fredrickson began his career at Ulteig Engineers in Fargo as a substation engineer, designing substations and windfarm grounding systems. He joined CMTA in 2013 to help grow the Grand Forks office and has since designed electrical systems for hospitals, wellness centers, schools and commercial buildings. He focuses on delivering innovative, sustainable solutions that reduce carbon footprints by combining proven design principles with the latest green technologies.

Passionate about mentoring the next generation, Fredrickson regularly shares his expertise with engineering students, emphasizing that much of real-world engineering is learned on the job. His outreach has helped recruit several local engineers from UND and NDSU. He’s also active in the Grand Forks–East Grand Forks Chamber of Commerce, supporting both business development and broader community initiatives.

Advertisement
Laxdal,Kelby.jpg

Laxdal, 37, is a principal civil engineer with Houston Engineering, Inc. (HEI) in Grand Forks, bringing nearly two decades of experience in transportation and municipal design across North Dakota and Minnesota. Specializing in urban, multimodal transportation corridors, Laxdal is known for his leadership in shaping infrastructure that supports vibrant, connected communities.

He began his career with CPS in Grand Forks, contributing to major urban reconstruction projects including Columbia Road, 42nd Street, and 48th Street, along with a variety of municipal utility and transportation initiatives.

Joining HEI in 2018, Laxdal quickly advanced from project engineer to principal, managing key projects for the North Dakota Department of Transportation and the City of Grand Forks. His portfolio includes I-94 reconstruction near Beach, North Dakota, highway improvements, and numerous city infrastructure upgrades. Currently, he leads several transformative efforts such as the U.S. Highway 81 reconstruction, southwest Grand Forks master planning, and the Mouse River Enhanced Flood Protection Project in Minot.

Courtney McNamee.jpeg
Courtney McNamee

Contributed

Advertisement

McNamee, 34, is the director of Revenue Cycle and Reimbursement at Altru Health System. Since joining Altru in March 2024, she has combined a patient-first mindset with strong financial leadership, introducing programs that reduce costs for patients and advancing e-payment technology through MyChart. Her ability to balance patient needs with organizational goals has quickly set her apart as a leader who drives both innovation and results.

McNamee is committed to developing people. Her team demonstrates strong engagement, and under her leadership, more staff across multiple departments have earned professional finance certifications.

Her influence extends beyond Altru. As the former president and active member of the Minnesota Healthcare Finance Management Association, she is recognized across the industry as a thought leader. She is frequently invited to speak on critical issues, such as price transparency, patient engagement, the No Surprises Act and reimbursement enhancement, representing both Altru and the broader healthcare community.

Maggie Melvin DSC_2716.jpg
Advertisement

Melvin, 29, director of Admissions at the University of Minnesota Crookston, brings energy, vision and a genuine commitment to helping students find their path.

Melvin began her career at the University of North Dakota School of Law, serving as director of Admissions and Records. There, she gained valuable experience working with diverse students and faculty, learning how thoughtful admissions practices can shape a university’s culture. At UMN Crookston, she leads the admissions team with a focus on making the process welcoming and accessible for all.

Melvin is pursuing an Ed.D. in Educational Leadership with a specialization in Higher Education, expecting to graduate in 2026. Her commitment reflects both personal development and a desire to advance the field for others. Through her leadership and dedication, Melvin is shaping admissions today while paving the way for future generations of students and educators.

Geoff_Slick.jpg

Slick, 39, began his career at AE2S as an intern and during the past 16 years has risen to Rural Water practice leader. In this role, he leads a team of engineers and technical staff providing specialized expertise to rural water districts across the Midwest. Slick’s experience spans management, mentorship, project leadership, hydraulics and strategic planning, with a focus on concept planning, funding development, project coordination, regional system planning, mergers and construction management.

Advertisement

He has worked with over 20 rural and regional water clients, often acting as an extension of their staff. Notable projects include the Red River Valley Water Supply Project, the Western Area Water Supply Project, and the development of Minnesota’s first new rural water district in over 40 years — the West Central Regional Water District serving Clay, Norman and Polk counties.

Slick serves on the North Dakota Water Users Board and volunteers as a youth hockey coach. He is committed to continuous professional growth and is active in the National Rural Water Association, the National Society of Professional Engineers, the North Dakota Rural Water Association and the Tau Beta Pi Engineering Honor Society.

Sean Sorterberg.jpg
Sean Sorterberg

Contributed

Sorteberg, 36, is an accomplished leader in the supply chain and semiconductor industries, currently serving as director of Multi-Market Semiconductor at DigiKey. In his role, he directs global product segment strategy, leads a comprehensive semiconductor portfolio designed to outperform market growth expectations and oversees all product management and asset management functions. He manages aggressive business performance metrics across cross-functional teams, while building trusted relationships with supplier executives and key partners.

Advertisement

With more than 13 years of progressive experience in supply chain management, Sorteberg has demonstrated expertise across distribution, manufacturing and procurement. Before his current director role, he served as the manager of the technology business at DigiKey, overseeing all procurement activity in the semiconductor business unit.

Sorteberg is a strong leader on DigiKey’s supplier management team. He excels at helping his team members grow and collaborating with other departments to achieve mutual goals. He also excels at developing strong relationships with executive-level connections at many of DigiKey’s supplier organizations, building engagement and collaboration across companies.





Source link

Continue Reading

North Dakota

North Dakota approves $30.4M for water infrastructure projects

Published

on

North Dakota approves .4M for water infrastructure projects


BISMARCK, N.D. (Valley News Live) North Dakota communities will receive more than $30 million to upgrade aging water systems and expand infrastructure to meet growing demand.

The $30.4 million in cost-share funding will support municipal and rural water supply improvements, flood protection, and data collection initiatives. The State Water Commission approved these projects on Tuesday, Dec. 16.

“State investment in projects like these ensures our communities will have the reliable water supplies, flood protection, and other critical infrastructure needed to support existing users and accommodate future growth, all while reducing the local cost burden,” Lt. Gov. Michelle Strinden said.

The East Central Rural Water District received the largest share of funding with two projects totaling more than $25 million. The district will use $15.9 million to expand its Hillsboro Area Water Treatment Plant and $9.5 million for supply, transmission and distribution improvements. The treatment plant expansion also leverages more than $12 million in federal loan forgiveness.

Advertisement

Valley City will receive $2.5 million to replace its Northwest Standpipe.

Other projects include water system expansions in Ramsey and Cass County, a regionalization project connecting Parshall to White Shield, and improvements to low-head dams in Ward County.

The commission also approved $550,000 for the Department of Water Resources to launch Phase 1 of a 3D Hydrography Program for North Dakota.

The funding comes from North Dakota’s Resources Trust Fund, which receives 20.5% of the state’s oil extraction tax revenue.

Advertisement



Source link

Continue Reading
Advertisement

Trending