By Tom Hanna, 4 years and 4 months ago
1031 Investment Pressure Raises North Dakota Land Values
Pressure from development, investors and farmers exchanging for land outside the path of development has North Dakota cropland prices at an all time high after two years of double digit price growth.
The 10-percent cropland value hike followed increases of 11 percent and 7 percent in previous years, making them the three largest annual increases since 1979, according to a release from NDSU Agriculture Communications.
The hikes have increased land values to roughly $500, $550 and $600 per acre in three successive years, eclipsing the previous high of $430 set in 1981.
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