The east-central region data showed a slight increase of 0.81%. Regions with a percentage growth between 1% and 2% were the northwest, at 1.32%, the southwest, at 1.36%, the south-central, at 1.95%, and the southern Red River Valley, at 1.4%. The two largest percentage changes of cash rents in any direction were in the northeast region, showing 3.56% growth, and the northern Red River Valley, showing 2.65% growth. “Although that is technically a decline, it is still not dramatically far off the state average of 0.77% growth and easily explained by data noise,” Parman says.
Only two regions, the north-central and the southeast, showed any decline, at 1% and 1.88%, respectively.
With respect to rents, NDSU county regional groupings showed surprising consistency across regions, he adds. “This comes after 2020’s surveys showed statewide cropland rents had fallen 0.42% while land values went up slightly, 1.73%,” says Bryon Parman, North Dakota State University Extension agricultural finance specialist. Relative to 2020, farmland values across the state are up a modest 1.74% while cropland cash rents are up 0.77%, according to data collected by the North Dakota Department of Trust Lands Survey found online at. Despite the recent commodity price rallies and ad hoc government payments to farmers across North Dakota, farmland values and rents have been reluctant to change.
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