- Associated Press - Thursday, August 11, 2016

FARGO, N.D. (AP) - Farm real estate in North Dakota is worth less than it was last year.

A new report from the federal Agriculture Department says the value of farm real estate in the state averages $1,830 per acre, a drop of $90 per acre from last year.

Cropland value in North Dakota is down $140, to an average of $2,000 per acre. Pastureland has dropped $20, to $830 per acre.

Cash rents are mixed, with irrigated cropland rent up $5, to $166 per acre, and non-irrigated cropland down $1, to an average of $67 per acre. Pasture rent also is down a dollar, to $17 per acre.

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