The east-central was $1,119 per acre in 2022 followed by the southwest region at $1,033 per acre. The costliest pastureland in North Dakota remains in the southeast at $1,559 per acre followed by the south-central region at $1,137 per acre. “However, in previous years it was the only region to post consistent gains while other areas have been somewhat up and down.” “The only reported region that did not see a large increase was the south-central region, increasing nearly 1%,” says Parman. The east-central and southwest regions both increased between 12% and 13% while the north-central increased just over 10%. The largest increase occurred in the northwest region at 16.7%, while the southeast increased nearly 15.5%. ![]() ĭue to insufficient data, rental rates for the northeast, northern Red River Valley and southern Red River Valley are not reported here.Īll regions except for the south-central region increased well over 10%. The state average price per acre increased from $972 per acre in 2021 to $1,080 per acre in 2022, according to county-level data complied from the North Dakota Department of Trust Lands annual survey posted online at. North Dakota pastureland values were up sharply statewide with an overall increase of approximately 11.5%, says Bryon Parman, North Dakota State University (NDSU) Extension agricultural finance specialist.
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