Value of land in North Dakota

The value of agricultural land in the state is going up for the year.

In Morton County, the jump is about 4 percent, from about $332 to $345 on average per acre. Between 2012 and 2016 the jump was at least 8 percent, and 2012 was the best year with a 27 percent increase.

But now, production, income, and drought are affecting how much the land is worth.

"The income levels and the drought and things like that all play into it,” said Morton County Director of Tax Equalization Linda Morris. “But, we're playing catch up all the time because there was a few good years, so we have to balance it out."

Looking forward, Morris says she doesn't expect any big changes this year, so land valuations should stay about the same or drop next year, as well.