The SDSU agricultural land value survey collected 2018 data statewide for cow-calf pairs and yearling monthly pasture rental rates based on South Dakota regions. The cow-calf pair statewide weighted average in 2018 was $48.41 with a high of $61.63 and a low of $35.26. There is a lot of variability within the state with averages in the Western part of South Dakota being $37.33 to the Eastern side of the state being $50.88 per pair (Table 1).
|Table 1. Per-pair and Yearling Monthly rental rates for 2018|
|Average value, 2018||$50.88||$42.50||$49.00||$37.33||$48.41|
|Average value, 2018||$47.17||$35.00||$31.40||$31.00||$39.44|
|Source: 2018 and earlier South Dakota Farm Real Estate Market Surveys.
Statewide average land values are based on 2002 land use weights
The yearling statewide weighted average was $39.44 with a high of $49.67 and a low of $25.93 reported. Average ranges from $31.00 in the West to $47.17 in the East. (Table 1). It is important to note the per pair and yearling rates are weighted monthly average estimates, and within each of these regions there exists a wide range of variability. These rates are meant to give additional information to producers and landowners when making future decisions.
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.