![]() ![]() The central portion of the state, including the south-central and east-central regions, remains at about $22 per acre. ![]() The highest dollar-per-acre rental rates remain in the eastern portion of North Dakota, with the southeast having the highest price per acre of $32.51. “Additionally, rental rates are not reported for the northeast, northern Red River Valley or southern Red River Valley regions due to sparse data availability in those areas,” he adds. “However, statewide average rental rates since 2015 have been pretty steady, from $18.20 per acre to $17.10 per acre. “The remaining movements in pasture rental rates were more than small enough to be explained by noise in data and smaller sample sizes,” says Bryon Parman, North Dakota State University Extension agricultural finance specialist. The biggest increases occurred in the south-central and north-central regions, moving up nearly $2 per acre in the south-central and $1.20 per acre in the north-central region. Pastureland rental rates moved upward in the north-central, south-central and southeastern regions while declining modestly in the northwest, southwest and the east-central regions. Pastureland values increased 1.92% from $817 per acre in 2020 to nearly $833 per acre in 2021, according to county-level data compiled from the North Dakota Department of Trust Lands annual survey posted online at. Statewide average pastureland rental rates moved up 3% from $17.40 per acre in 2020 to $17.90 per acre in 2021. North Dakota pastureland rental rates and land values recovered some of last year’s decline heading into 2021. ![]()
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