North Dakota is a very large, yet sparsely populated, state that’s located in the Upper Midwestern region of the United States. Its population has actually barely changed over the past century, even though the urban-to-rural ratio has dramatically shifted over the years. As of now, one-sixth of the people in North Dakota live in the city of Fargo and that number is constantly growing.
The state has a strong economy with great job growth, low housing vacancies, and unemployment that’s lower than the national average. Much of this growth has been credited to the development of the Bakken oil shale fields in the western part of the state. People from all around the country are traveling to North Dakota, where there’s a surplus of well-paying jobs due to the oil boom. Not only is North Dakota the number two oil producing state in the country, but it’s also had growth in the technology and service sectors.
While North Dakota may be most known now for its thriving oil industry, North Dakota’s earliest industries were actually agriculture and fur trading. Although less than ten percent of the state’s population is currently employed in the agricultural sector, it still remains a major part of the state’s economy. North Dakota is ranked 9th in the nation in terms of the value of the state’s crops and it’s 18th in terms of total value of agricultural products sold. 90 percent of North Dakota’s land area is dedicated to farms. The state has 27.5 million acres of cropland, making it the 3rd largest in the country.
If you’re looking for horse properties or horse farms in North Dakota, we encourage you to contact us or get in touch with one of our real estate agents. We look forward to hearing from you!
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