STAFF BLOG AG RIGHT Cropland values at their peak?
Some of the biggest, longest-running questions in Upper Midwest agriculture involve soaring land values: Have farmland prices peaked? If not, when will they?
My guess is, they're at their peak right ... Posted on 9/6/13 at 7:52 AM
WATERTOWN, S.D. — When I was a youngster growing up in Watertown, S.D., during the Soil Bank Program days in the late 1950s and early 1960s, we could go out at noon and easily have our pheasant limit and be back in a half hour to watch the Vikings game.
FARGO, N.D. — The North Dakota State Board of Equalization is giving county governments a bigger tolerance for figuring property valuations from their full values for 2012, allowing them “tolerances” to effectively cut tax values of farm and other property for tax purposes.
A South Dakota State University Report on agricultural land market trends shows that, despite a tough economy, the price of farm land continues to rise in South Dakota.
The “Agricultural Land Market Trends, 1991-2010” real estate survey states that as of February, the average value of all agricultural land statewide was $1,179 per acre, a 5.2 percent increase over 2009.
Increases for land continue even though prices for prominent crops have fallen.
GRAND FORKS – Though commodity prices are sluggish, the region’s farmers and ranchers continue to pay more to rent land, the U.S. Department of Agriculture says.
By Jonathan Knutson, Forum Communications Co.
April 22, 2010
North American Coal Co.’s Falkirk Mine is the only one of North Dakota’s four large mines that has yet to release cropland or hayland from final bond under reclamation rules set by the state in the 1970s, figures show.
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