From 2023 to 2024, statewide average pastureland values increased 6.63%\.
Finances
This represents the third year in a row where North Dakota cropland values have increased more than 10%.
The spreadsheet helps farmers compare cropping alternatives.
The 17.1% increase in pastureland values is the largest single year increase in more than a decade.
The largest increase in land values occurred in the east-central and southern Red River Valley regions with both increasing over 20%.
Most crops in all regions project a profit for the year.
NDSU Extension has released its 2023 short- and long-term agricultural planning price projections for North Dakota.
Findings reveal that agriculture represents nearly 25% of the state economy.
Experts will provide federal income tax updates and tax management alternatives.
The 2022 State of the Economy virtual conference is set for Nov. 8.
The highest regional increase for 2022 occurred in the southeast where land values increased 22.25%.
Average pastureland rental rates moved up 3% and pastureland values increased 1.92%.
Farmland values across the state are up a modest 1.74% while cropland cash rents are up 0.77%.
The webinar on the Quality Loss Adjustment Program will be held Feb. 10.
An NDSU Extension specialist notes changes in tax regulations.
NDSU Extension has developed an online tool to aid producers in making this decision.
NDSU Extension has released its 2021 short- and long-term agricultural planning price projections for North Dakota
Generally, most crops in all regions have improved profit from the previous year.
The workshops help participants learn how to start and sustain discussions about the future of the family farm.
The first webinar will be held Dec. 10.
This year’s Central Dakota Ag Day will be virtual.
The webinar will give participants an opportunity to learn about the CFAP 2.0 program.
The application deadline has been extended to Sept. 11.
The pandemic caused major disruptions in the U.S. meat industry.
Developing a crop marketing plan in this environment just got harder.
Extension specialists in NDSU’s Agribusiness and Applied Economics Department have launched a newsletter called Agriculture By the Numbers.
The CFAP provides financial assistance to producers of agricultural commodities who have suffered a 5% or greater price decline due to COVID-19 and face additional significant marketing costs.
The COVID-19 pandemic may result in meat shortages at grocery stores.
In 2020, the state average cropland value is $2,063 per acre.
The current markets are not a good way to make decisions about planting.
Document Actions