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North Dakota benefits from an abundance of extremely rich, fertile soil as well as climate and weather patterns that make the land capable of producing high crop yields without irrigation and raising healthy Livestock in abundance. For these reasons and more, agriculture is a massive industry in North Dakota and nearly 90% of the state’s total land area is classified as farmland. In terms of agricultural revenue, the top 5 commodities in North Dakota are: Soybeans, Wheat, Corn, Cattle, and Canola. As of 2017, there are 26,364 farms in North Dakota encompassing a total of 39.3 million acres with an average size of 1,492 acres. North Dakota is host to some of the largest farms in the nation on average and commonly ranks in the top 10 states for this metric.

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Farmland Prices

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north dakota Farmland Prices

Over the last 20 years, the price of farmland per acre in the north dakota has risen by an average of 8.6% per year to $1,920 per acre as of 2019. This represents an increase of $1,480 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$1,920

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 500$ 1000$ 1500$ 2000$ 2500Highcharts.com

8.6%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-12 %0 %12 %24 %36 %48 %Highcharts.com

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If you are interested in seeing a list of documents that are helpful for selling your farm, please download it here.

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