Location and quality are key drivers of land prices in North Dakota, South Dakota and Minnesota, according to Farmers National Co.
“Good-quality farmland normally sells well, as will recreation properties in the right locations. But lower quality farmland saw a decline this past year,” he said in a statement that was part of Farmers National’s mid-season outlook on land values. “We are starting to see increasing signs of financial stress among farmers approaching some of what we saw in the ’90s.”
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