Down on the Farm: Boom time!
Last week the Grand Forks Herald reported that a parcel of farmland near Park River, N.D. sold for more than $10,000 per acre, a record in the state. The same week, Iowa set a record when an 80-acre parcel of farmland sold for $21,900 per acre. It's boom time on the prairie.
As commodity prices rise, farmers are understandably eager to put acres which once were set aside in conservation programs back into production.
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