FARGO — Agricultural land prices are continuing to rise in North Dakota and Minnesota despite challenges in the U.S. farm economy, experts say.

The U.S. Department of Agriculture priced North Dakota cropland at $2,710 an acre, 4.2% higher than the previous year. Minnesota’s cropland value was $7,000 per acre in August, up 7% from 2024, the USDA said in its August land values summary.

Experts expected land prices in Minnesota and North Dakota to correct themselves in 2024 or 2025, according to Troy Swee, an area sales manager for Farmers National Company. Farm income this year is expected to hit its lowest point since 2020, Farmers National Senior Vice President for Real Estate Paul Schadegg said, citing USDA forecasts.

Interest rates and farming costs also climbed this year, while commo

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