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N D Pastureland and Cash Rental Rates Inch Upward

North Dakota pastureland rental rates and land values recovered some of last year’s decline heading into 2021. Statewide average pastureland rental rates moved up 3% from $17.40 per acre in 2020 to $17.90 per acre in 2021. 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 https://www.land.nd.gov/resources/north-dakota-county-rents-prices-annual-survey. 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.

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