North Dakota farm land value sets another record

The average value of farm real estate in North Dakota has set a record for the fourth straight year, driven primarily by high commodity prices that have fueled a demand for land.

Industry officials say producers in the state who are taking advantage of the good times in agriculture to expand their operations are assuming some risk. But they say the chance of a repeat of the 1980s farm economy collapse is small, even if crop prices crash.

By BLAKE NICHOLSON
Associated Press Writer

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