Land Values in North Central Montana
Posted on: Jan 10, 2018
According to Roald Aageson, an appraiser from Northwest Farm Credit Service, values and rents in North Central Montana remained stable from 2016 to 2017.
Values for irrigated land increased ranged from $2000 to $3500 / acre whereas rents ranged from $75 to $125 / acre. For rangeland and pasture, values ranged from $250 to $800 / acre and rents from $20 to $40 / AUM. Values for dryland farms per acre ranged from $800 to $1400 / acre , an increase from 2016. Rents for dryland farm properties decreased to $25 to $40 / acre.
Also, 2017 marked yet another year of a growing inverse relationship between dryland land values and wheat prices. The inverse relationship began in 2013 / 2014 as wheat prices began to decline. Since then and on through 2017, land values per acre for dryland farms have continued to increase.
Post Categories: Industry News