There is considerable variation in land values within each Region and for each non-irrigated agricultural land use. For example, 2017 cropland values in the East-Central region vary from an average of $4,186 (in the Sanborn, Davison, Hanson and Kingsbury cluster) per-acre for low-productivity cropland to $9,025 (Minnehaha-Moody cluster) per-acre for high-productivity cropland. At the other extreme, the average value of low productivity cropland in the Northwest region is $1,100 compared to $1,525 per-acre for high-productivity cropland.
The weighted average value of South Dakota's non-irrigated cropland (as of February 2017) is $3,903 per-acre, a 4.7% decrease from 2016. This is the third year in the 27-year history of the survey that average cropland values have declined.
Regional cropland values tend to gather in three groups. The highest cropland values are found in the East-central and Southeast regions with average values of $6,160 and $5,569 per-acre, respectively. The second cropland value group consists of the Northeast, North-central, and Central regions with average cropland values varying from $4,654 to $3,291 per-acre. Cropland values are considerably lower in the third group which contains the three regions west of the Missouri River. As of February 2017, per-acre cropland values averaged $2,203 in the South-central region, $1,427 in the Southwest and $1,142 in the Northwest region (Figure 1).
Cropland values from 2016 to 2017 had the largest decreases in the North-Central and Central regions -$147 and - $552, respectively. Overall, the state average cropland value decreased $191.
(all grass acres compared to rangeland values)
In February 2017, the value of South Dakota pasture averaged $1,215 per-acre, a 0.6% decrease compared to rangeland values from 2016.
Pasture values also gathered into three regional groups. Average pasture values are highest in the East-central and Southeast regions ($2,546 and $2,450 per-acre, respectively). Pasture values in the next regional group (Northeast, North-central and Central regions) varied from $1,914 in the North-central region to $2,089 per-acre in the North-east region. The lowest pasture values per-acre occur in the western side of the state varying from $650 northwest, $1,150 in the South-central region, $887 in the Southwest region (Figure 1). Figure 1 shows that substantial variation in per-acre land values occur by degree of land productivity for each land use in each region.
Figure 1. Average value of South Dakota cropland and pasture/rangeland, by Region, February 2017, dollars per acre.
For more information, view the South Dakota Agricultural Land Market Trends, 1991–2017 or 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
Disclaimer: The information in this article is believed to be reliable and correct. However, no guarantee or warranty is provided for its accuracy or completeness. This information is provided exclusively for educational purposes and any action or inaction or decisions made as the result of reading this material is solely the responsibility of readers. The author(s) and South Dakota State University disclaim any responsibility for loss associated with the use of this information.