Lower-Quality Land Values Decline In South Dakota

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.”

Read More

Be the first to comment!
Post a Comment