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S.D. Farm Real Estate Value Down 3 Percent
South Dakota Ag Connection - 08/07/2020

South Dakota's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2019, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2020 averaged $2,010 per acre, down $60 per acre (down 3%) from last year.

Cropland value decreased 3% from last year to $3,030 per acre. Dryland cropland value averaged $3,000 per acre, $100 lower than last year. Pastureland, at $1,050 per acre, was unchanged from the previous year.

Cash rents paid to landlords in 2020 for cropland were mixed from last year. Irrigated cropland rent averaged $199 per acre, $5 above last year. Dryland cropland rent averaged $118 per acre, $1 higher than a year earlier. Pasture rented for cash averaged $26 per acre, unchanged from the previous year.

County level averages of 2020 cash rents paid to landlords will be released on Aug. 28.

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