1975--Continued Increases in Farmland Values

The estimated average value per acre of average quality North Dakota farmland rose to $285, up from $205 in 1974. This represents an estimated increase of 39 per cent in value per acre and continues the sharp increases reported for the last two years. The desire to expand existing farm units continues as the strongest demand factor in the marketplace. Active and retiring farmers provided most of the tracts sold. Reporters expect further increases in values in 1976.