Quantcast

North Dakota Farms Jump in Value - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

North Dakota Farms Jump in Value

Posted: Updated:

A new report shows that farmland values in North Dakota last year jumped 46 percent on average over the year.

The report is from the North Dakota Chapter of the American Society of Farm Managers and Rural Appraisers and is based on the observations of professionals and on documented sales.

Society board member Charles Peterson says land values doubled from 2009 to 2012 in nearly all regions of the state.

Peterson says more investors are looking to buy land because they hope land values and rental rate returns will beat other investments like CDs that aren't keeping up with inflation.

North Dakota State University farm management specialist Andy Swenson also says farmers have had six good years of profitability, and have the cash to buy land.

  • Local NewsMore>>

  • Valley City Police Searching For Missing Person

    Valley City Police Searching For Missing Person

    Valley City Police and Fire are looking for a person who is missing after the raft they were in flipped over on the Sheyenne River early Monday morning.
    Valley City Police and Fire are looking for a person who is missing after the raft they were in flipped over on the Sheyenne River early Monday morning.
  • Major FARGODOME Event Announced Today

    Major FARGODOME Event Announced Today

    Former Beatle and rock legend Paul McCartney is touring this summer and there are rumors, from bloggers, that say Fargo will be one of his stops.
    Former Beatle and rock legend Paul McCartney is touring this summer and there are rumors, from bloggers, that say Fargo will be one of his stops.
  • Over 100 Churches In Fargo Alone, Hard To Choose Easter Service

    Over 100 Churches In Fargo Alone, Hard To Choose Easter Service

    Easter is an important day for Christians. But, choosing which church service to join may have been difficult Sunday morning.
    Easter is an important day for Christians. But, choosing which church service to join may have been difficult Sunday morning.
Powered by WorldNow
Powered by 

WorldNowAll content © Copyright 2000 - 2014 WorldNow and Valley News Live. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.