Farmland Values Declined More in 1984
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Date
1986
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North Dakota State University
Abstract
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North Dakota farmland values continued to decline in 1984. The trend downward was first observed in the fall of 1981 by reporters to the NDSU annual survey after values peaked earlier in 1981. The 1984 market reflected both a continued decline in demand for farmland and growing financial stress in the farm sector. This article presents findings from a survey of created by NDSU concerning estimates of average farmland values for average quality crop and pastureland in their counties or service areas, and specific details on farm sales for continued agricultural use in 1984.