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FARGO — North Dakota farmland sale values declined by 3 percent in 2017, following 8 and 9 percent annual declines for the prior two years, respectively, according to an annual ag land survey. Ag land prices in the Red River Valley on the eastern side of the state declined by 9 percent in 2017, while values elsewhere ranged from declines of 2 percent to increases of 3 percent, the report from North Dakota Chapter of the American Farm Managers and Rural Appraisers said.
FERGUS FALLS, Minn. — The trustee for a lake home in Minnesota involved in the McM Inc. farm bankruptcy case has denied any fraud and said the trust should not have to cough up money for creditors of the bankrupt farm. McM — a large farm based at St. Thomas, N.D. — filed Chapter 7 bankruptcy on Feb. 10, 2017. The McM trustee alleged a transfer of a lake place in 2015 was improper and that value should be returned to McM Inc. The lake property is at 41106 County Road 126, Detroit Lakes.
WEST FARGO, N.D. — Meet Matt Faul and his identical twin brother, Jesse. The red-haired pair owns Red E LLC (also known as "Red Engineering) of West Fargo, an engineering services and manufacturing support company — the success of which signifies that the region's storied agricultural equipment heritage will continue.
GRAND FORKS — North Dakota and Minnesota are two of the top states in the U.S. to be hurt — or helped — by the openness of U.S.-Cuba trade policies, a recent report says. A study report was prepared by C. Parr Rosson, head of the department of agricultural economics at Texas A&M University, William Messina, an agricultural economist at the University Florida, and Steven Zahniser, agricultural economist in the U.S. Department of Agriculture.
FARGO — U.S. Bankruptcy Judge Shon Hastings in Fargo approved a mediated settlement among major secured creditors in the McM Inc. farm bankruptcy on Thursday, divvying up the $9.1 million in cash to be paid out by Friday, Dec. 29. The Dec. 28 settlement allows 14 cents on the dollar, overall, but only for secured creditors — nothing so far for unsecured creditors, such as workers or laborers.
CANDO, N.D. — Excuse her, but Carie Moore would like to share words of support on behalf of ... pigs. Moore, 40, is a farmer, mother of four and a professional soil conservationist at Cando. But she wants to speak up on behalf of the pig farming industry as a veteran of a variety of large-scale dairy and pig farms from 2000 to 2010. Today, Moore works in soil conservation at Cando, and farms with her husband, Jason, at nearby Rocklake.
FARGO — A two-inch rain in the western parts of North Dakota have raised the spirits of livestock producers, but the drought is not yet over, say officials speaking at the North Dakota Stockmen's Association in Fargo. More than 300 people were expected the NDSA's 88th annual convention and trade show, which runs through Sept. 23. North Dakota Gov. Doug Burgum was a featured speaker on Friday, Sept. 22.
BISMARCK — The North Dakota Supreme Court on Aug. 30 unanimously upheld a East Central District Court ruling that an environmental permit for a sow farm at Buffalo, N.D., was properly granted. Plaintiffs in Coon v. North Dakota Department of Health argued that the permit was improper. East Central District Judge Douglas R. Herman had ruled that the Department's permit should stand.
DEVILS LAKE, N.D. — Taylor Aasmundstad is just starting his agricultural career and wants to jump into animal agriculture, but some neighbors are opposed to the location near Devils Lake, a major fisheries and recreational resource. "We decided if we're going to make it in agriculture, we're going to have animals on our farm," says Taylor, 23, who raises crops with his father, Eric Aasmundstad, west of Devils Lake. Eric is a former president of the North Dakota Farm Bureau and is president of Nodak Insurance Co.
SPIRITWOOD, N.D. — The North Dakota Soybean Processors LLC is continuing sets of investor information meetings to attract $60 million in equity for a $287 million project near Spiritwood but is planning more through August, and perhaps beyond, officials say. The company has found "sincere, enthusiastic" response, especially when promoted by a local champion, says interim board chairman Bruce A. Hill, of Worthington, Minn. The self-imposed deadline for raising the equity is Aug. 31. Starting Sept. 1, the share prices will go up, with the same goal.