Grand Forks County Farmland Info
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There are 956 farming operations in Grand Forks County, North Dakota. According to the USDA Census of Agriculture, Grand Forks County, North Dakota had 893,126 acres of land in farms. The average size of a farm in Grand Forks County was 934 acres in 2024.
Average Grand Forks County Farmland Value
The average farmland value per acre in Grand Forks County, North Dakota in Q4 2024 was $4,687. There are multiple factors that contribute to the volatility of farmland values. A partial list of factors include:
- Soil quality. The quality of a land’s soil is fundamental to its value, affecting everything from productivity to crop yield to sustainability.
- Commodity price fluctuations. Shifts in the prices of crops or livestock can add to or detract from a land’s value.
- Interest rates. High interest rates can reduce demand for land driving prices down, while lower interest rates can boost demand for land and drive prices up.
- Environmental factors. Climate driven events such as drought, flooding, and extreme weather can dramatically impact farm productivity and ultimately, a land’s value.
- Farmland income. Higher farmland income can lead to higher demand for land, driving prices up in the market.
- Local Factors. Neighbors can have a dramatic impact on farmland value
- Alternative Investment Opportunities. The appeal of farmland to non-farming investors fluctuates with global trends.
Grand Forks County Farmland Value History
Changes in Grand Forks County by year breakdown as follows:
| Year | Avg Market Value/Acre |
| 2024 | $3,741 /acre |
| 2023 | $4,294 /acre |
| 2022 | $3,065 /acre |
| 2021 | $2,609 /acre |
| 2020 | $2,689 /acre |