South Dakota Agricultural Land Values and Cash Rental Rates, 2011
Burton Pflueger and Larry Janssen ( June, 2011 )
Summary
Agricultural land values in South Dakota are booming! Values increased 16.5% this past year, which is the third highest rate of increase since 1991. As of February 2011, the average value of all-agricultural land in South Dakota was $1,374 per acre. Agricultural land values increased more than 11% in all regions except the northwest region which showed a 4% increase. From 2010-2011, statewide average cash rental rates per acre increased for all uses, with substantial increases (greater than 10%) in cash rental rates in several regions. Average percentage increase in cash rental rates was 14.1% for cropland, 10.8 for hayland, and 11.2% for pasture and rangeland. These are some of the key findings from the 2011 South Dakota Farm Real Estate Market Survey completed by 194 agricultural lenders, Farm Service Agency officials, rural appraisers, assessors, realtors, professional farm managers, and Extension agricultural educators.
Details
| Publisher | South Dakota State University |
| Publication Date | June, 2011 |
| Publication Views | 975 |
| Material Type | Written Material |