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South Dakota Farm Real Estate Value Up 12 Percent Over Year

Associated Press0

SIOUX FALLS, S.D. (AP) — The value of farm real estate in South Dakota has risen 12 percent in the past year.

Farm real estate value is a measurement of all land and buildings on farms. The Agriculture Department says the value in South Dakota averages $2,320 per acre, up $250 per acre from last year.

Cropland value averages $3,730 per acre, up 9 percent from last year. Pastureland is up 14 percent, to $980 per acre on average.

Cash rent is mixed compared to last year. Irrigated cropland rent averages $186 per acre, down $7. Non-irrigated cropland averages $125 per acre, up $11. Pasture land averages $27 per acre, up $5.

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