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North Dakota, Minnesota farmland prices keep rising despite challenges in ag industry
- North Dakota cropland is priced at $2,710 an acre, which is a 4.2% increase from the previous year, according to the U.S. Department of Agriculture .
- Minnesota's cropland value has reached $7,000 per acre, marking a 7% increase from 2024, as stated by the USDA.
- Farmland prices are rising in North Dakota and Minnesota, despite economic challenges, and experts expect stabilization due to lower farm income forecasts and rising costs, as noted by Troy Swee from Farmers National Company and Bryon Parman from NDSU.
- The current state of the agricultural economy may pose risks to land prices, with the possibility of farmers selling land to balance budgets if commodity prices remain low.
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16 Articles
Coverage Details
Total News Sources16
Leaning Left0Leaning Right7Center4Last UpdatedBias Distribution64% Right
Bias Distribution
- 64% of the sources lean Right
64% Right
C 36%
R 64%
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