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North Dakota farm real estate value up 5 percent over year; cash rent mixed compared to 2014

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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.

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