North Dakota Land Value Increased in 2008

According to the Andrew Swenson at the North Dakota State University Extension Service, an acre of North Dakota cropland increased in value by 16 percent in 2008. The information comes from a survey conducted by the North Dakota Agricultural Statistics Service. An average acre of North Dakota cropland was about $925 by the end of 2008 compared to 2007.
The biggest increase was in the east-central region that is more than 30 percent. Value rose to an average of $961 an acre. The southeastern region is at $1,362 an acre. In the southwest and south-central regions there was only a 5 to 8 percent increase.
Although experts do not see a big increase this year with the current economic conditions, but now is the best time to invest in cropland.
For information on low rate agriculture loans, contact Farm Plus today. Call (866) 929-5585 or visit online for more information about agriculture loans.