This work investigated the large-scale ground deformations threatening the Northern Urumqi district, China, which are connected to groundwater exploitation and the seasonal freeze–thaw cycles that characterize this frozen region. Ground deformations can be well captured by satellite data using a multi-temporal interferometric synthetic aperture radar (Mt-InSAR) approach. The accuracy of the achievable ground deformation products (e.g., mean displacement time series and related ground displacement time series) critically depends on the number and quality of the selected interferograms. This paper presents a straightforward interferogram selection algorithm that can be applied to identify an optimal network of small baseline (SB) interferograms. The selected SB interferograms are then used to produce ground deformation products using the well-known small baseline subset (SBAS) Mt-InSAR algorithm. The developed interferogram selection algorithm (ISA) permits the selection of the group of SB data pairs that minimize the relative error of the mean ground deformation velocity. Experiments were carried out using a group of 102 Sentinel-1B SAR data collected from 12 April 2017 to 29 October 2020. This research study shows that the investigated farmland region is characterized by a maximum ground deformation rate of about 120 mm/year. Periodic groundwater overexploitation, coupled with irrigation and freeze–thaw phases, is also responsible for seasonal (one-year) ground displacement signals, with oscillation amplitudes up to 120 mm in the zones of maximum displacement.