There’s a great line in “The Wizard of Oz” when Dorothy says, “I have a feeling we’re not in Kansas anymore.”
That’s the way I felt Thursday at a farmland auction sale in Grand Forks, N.D.. It seemed I was in Iowa or some other Corn Belt state, not North Dakota.
One parcel of land at the sale sold for $10,000 per acre. Yes, you read that right. It’s sugar beet and potato ground, which of course makes it more valuable. But, still, $10,000 per acre for farmland in North Dakota is pretty amazing.
You can read the story at http://www.agweek.com/event/article/id/20228.