Fargo is too far south. You really need to look at the Pembina area. The Canadians built a dike so water doesn't drain north like it should (they call it road, but nobody drives on it). It is very prone to flooding.
Unfortunately I just noticed in the Grand Forks Herald that land just sold last week up there for $5600/acre. And I know of a piece south of there around Grafton that went for $4300/acre. Hope you got deep pockets.
Hunt to live, live to hunt
If you can't ski with the big dogs, stay on the dock.