Average cash rental rates per-acre reflect regional differences in productivity and carrying capacity of pasture and rangeland tracts, with fluctuations in the commodity markets and potential profits, affecting cash rental rates.
Figure 1. Average cash rental rate of South Dakota non-irrigated cropland and pasture/rangeland, by region, February 2017, dollars per acre.
Crop = all non-irrigated cropland including alfalfa.
Pasture = all grass land.
***Insufficient number of reports to make regional estimates.
Source: 2018 South Dakota Farm Real Estate Market Survey, SDSU.
Average cash rental rates for pasture land varies from $16 per-acre in the Southwest region to $75 per-acre in the East-central region (Figure 1). Typical cash rental rates for low- and high-productivity pasture and rangeland vary from $16.03 to $20.00 per-acre in the Southwest region, and from $49 to $98 per-acre in the East-central region.
At the county cluster level, cash rental rate averages for pasture vary from $61 (Bon Homme, Hutchinson, Yankton) to $80 (Minnehaha, Moody) per-acre. Average cash rental rates vary from $31 (Campbell, Potter, Walworth) to $69 (Grant, Roberts) per-acre across county clusters in the Northeast, North-central, and Central regions.
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
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.