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N D Pastureland and Cash Rental Rates Inch Upward

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. 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. “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. “However, statewide average rental rates since 2015 have been pretty steady, from $18.20 per acre to $17.10 per acre. “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.

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