- Associated Press - Friday, April 8, 2016

FARGO, N.D. (AP) - North Dakota farmland values have dropped for the second year in a row.

A North Dakota Department of Trust Lands study shows that average cropland values declined about 4 percent in 2015. North Dakota State University Extension Service officials expect land values to drop by another 5 to 10 percent in 2016.

The declines come on the heels of an 11-year streak of value increases averaging 15 percent a year.

The Bismarck Tribune reports (https://bit.ly/1VE5LQY) that the only region to see an increase was the northwest, where crops like durum, peas and lentils, typically grown in the region were more profitable than other crops in 2015.

Land values in central North Dakota, the northern Red River Valley and southwest North Dakota land values stayed about the same.


Information from: Bismarck Tribune, https://www.bismarcktribune.com

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