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Farmland prices in North Dakota and Minnesota rose in 2025 despite economic challenges, driven by strong demand and limited supply.
Farmland prices in North Dakota and Minnesota rose in 2025 despite economic headwinds, with cropland averaging $2,710 per acre in North Dakota and $7,000 in Minnesota, according to USDA data.
North Dakota’s state survey reported even higher prices at $3,534 per acre, up 10.55% from 2024, while the south Red River Valley hit $6,471 per acre.
Pastureland values reached $2,300 per acre in Minnesota.
Strong demand, limited land availability, and record cattle profits—driven by drought-related herd declines—have sustained prices despite rising interest rates, falling commodity prices, and lower farm income forecasts.
Most purchases are made by local farmers, and land values have nearly doubled nationally over the past 15 years.
Los precios de las tierras agrícolas en Dakota del Norte y Minnesota subieron en 2025 a pesar de los desafíos económicos, impulsados por una fuerte demanda y una oferta limitada.