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HOME :: RESEARCH :: CREDIT :: NEWS:: DEC 2007

Land Prices Soar


Land prices seem to be following the motto "the sky's the limit."


Crop land in the area is selling for as high as one-thousand-dollars an acre.

This year's high commodity prices brought on a wave of competition for land.

(Chas Tomac, Loan Officer)"It's the same thing that probably happened 20 years Ago you know when we first saw a rise in prices and a lot and there was a big surge in land values and that same thing is happening today it's on a larger scale."


Land prices have increased ten to twenty percent since last year according to Farm Credit Services of Mandan.

Currenlty, cropland rent is averaging 35-40 dollars an acre.

read entire article on KXnet.com

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