South Dakota’s farm real estate value, a measurement of the worth of all land and buildings on farms, has increased from last year (2020) to this year (2021).
According to USDA’s National Agricultural Statistics Service, farm real estate value for 2021 averaged $2,190 per acre, up $180 per acre (9%) from last year.
Cropland value increased to $3,390 per acre, up 12% from last year.
Dryland cropland value averaged $3,360 per acre, $360 higher than last year.
Pastureland, at $1,060 per acre, was $10 higher than the previous year.
Cash rents paid to landlords in 2021 for cropland were mixed from last year.
Irrigated cropland rent averaged $196 per acre, $3 below last year.
Dryland cropland rent averaged $120 per acre, $2 higher than a year earlier.
Pasture rented for cash averaged $26.50 per acre, $0.50 above the previous year.
County level averages of 2021 cash rents paid to landlords will be released on August 27, 2021 and will be available through NASS Quick Stats, located at http://quickstats.nass.usda.gov/.
Access the National publication for this release at:
https://usda.library.cornell.edu/concern/publications/pn89d656.
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