N.D. farmland rental rates risingA new report shows that farmland rental rates in North Dakota are rising.
GRAND FORKS, N.D. (AP) — A new report shows that farmland rental rates in North Dakota are rising.
The report from the North Dakota Agricultural Statistics Service shows that in most counties, average rental rates and the average value of rented land are significantly higher than the average the past five years.
The agency doesn't interpret the data. But Deputy Director Patrick Boyle tells Agweek that it's reasonable to conclude that there is a correlation between the higher rates and values and the good yields and strong crop prices last fall.
Many farmers and landowners use the report to determine land rental agreements.