Despite another year of falling farm income, land values remain steady to slightly softer in eastern North Dakota and northwest Minnesota. “There have been a few pockets where a lot of land is on the market,” says Jayson Menke, broker, Acres & Shares.
Menke attributes the strong values to a limited supply of land currently on the market. Top quality ground continues to hold its value better than the average ground. “Even though there are some farmers struggling financially, there are still people who have money from the ‘boom years’ and are still able to buy land.”