FARGO, North Dakota — The value of farm real estate in North Dakota has risen 5 percent in the past year.
Farm real estate value is a measurement of all land and buildings on farms. The Agriculture Department says the value in North Dakota averages $1,920 per acre, up $100 per acre from last year.
Cropland value averages $2,140 per acre, up $90 from last year. Pastureland is up $100, to $850 per acre on average.
Cash rent is mixed compared to last year. Irrigated cropland rent averages $161 per acre, down $5. Non-irrigated cropland averages $68 per acre, up $1. Pasture land averages $18 per acre, up $2.