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Published September 19, 2013, 08:12 PM

Price of farmland soars to 41.5 percent increase from previous year

The 2012 drought that devastated crops and pastures in much of the Upper Midwest didn't stop the price of farmland from soaring, especially in North Dakota.

The 2012 drought that devastated crops and pastures in much of the Upper Midwest didn't stop the price of farmland from soaring, especially in North Dakota. The average per-acre price of cropland in 2013 in North Dakota soared to $1,910 a 41.5 percent increase from the previous year, according to an annual report issued Aug. 2 by the National Agricultural Statistics Service, an arm of the U.S. Department of Agriculture.

Nationally, the average per-acre price of cropland rose 13 percent.

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