Weighted-average state cropland values were basically unchanged from 2017 to 2018, with a slight increase of less than one percent at 0.9%. However, pasture/rangeland weighted-average value increased 3.0% statewide. Reported values by region are shown in Figure 1. See the full report for complete details.
Weighted-average cropland values reported in the 2018 SDSU Extension South Dakota Farm Real Estate Survey showed the changes between 2018 and 2017 to differ broadly between regions. The Northwest reported a 19.9% increase and the Southwest reported a decrease of 15.4%.
Pasture/rangeland weighted-average values reported increased 20.2% in the Northwest while the Northcentral reported a decrease of 10.2%.
Figure 1. Average value of South Dakota cropland and pasture/rangeland, by region, February 2018, dollars per acre.
Crop = all non-irrigated cropland including alfalfa
Pasture = all grass land
Source: 2018 South Dakota Farm Real Estate Market Survey, SDSU Extension.
Note: This report contains an overview land values and cash rental rates for regions/ county clusters and is not specific to any property. Readers should use this report as a general reference and rely on local sources for specific details.
For more information, contact an SDSU Extension expert:
- Jack Davis, Crops Business Management Field Specialist
- Heather Gessner, Livestock Business Management Field Specialist
- Shannon Sand, Livestock Business Management Field Specialist