South Dakota agriculture real estate value in 2021 is up from 2020; Cash rent mixed – Drgnews

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South Dakota’s farm exact property worth, a measurement of The worth of all land and buildings on farms, has elevated from final yr (2020) to this yr (2021).

Based mostly on USDA’s Nationwide Agricultural Statistics Service, farm exact property worth for 2021 averaged $2,190 per acre, up $180 per acre (9%) from final yr.

Cropland worth elevated to $3,390 per acre, up 12% from final yr.

Dryland cropland worth averaged $3,360 per acre, $360 greater than final yr.

Pastureland, at $1,060 per acre, was $10 greater than the earlier yr.

Money leases paid to landlords in 2021 for cropland have been mixed from final yr.

Irrigated cropland lease averaged $196 per acre, $3 under final yr.

Dryland cropland lease averaged $120 per acre, $2 greater than a yr earlier.

Pasture leaseed for cash averaged $26.50 per acre, $0.50 above the earlier yr.

County diploma averages of 2021 cash leases paid to landlords Shall be launched on August 27, 2021 and Shall be out there by way of NASS Quick Stats, located at http://quickstats.nass.usda.gov/.

Entry the Nationwide publication for this launch at:

https://usda.library.cornell.edu/concern/publications/pn89d656.

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