undefined Agriculture Overview

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As South Dakota's number 1 industry, agriculture plays a vitally important role in the lives of many of its citizens. South Dakota farmland is made up of productive prairie derived soils on glacial till and its favorable climate promotes the growth of a wide variety of crops. South Dakota's agricultural impact is felt across the country as they commonly rank in the top 10 for the production of: Corn, Soybeans, Spring Wheat, Winter Wheat, Oats, Sorghum, Hay, Sunflower Seed, Barley, Rye, Millet, and Flaxseed. As of 2017, 89% of South Dakota's land area was farmland, totaling 43.2 million acres. There were a total of 29,968 farms with an average size of 1,443 acres.

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Farmland Prices

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south dakota Farmland Prices

Over the last 20 years, the price of farmland per acre in the south dakota has risen by an average of 10.1% per year to $3,130 per acre as of 2019. This represents an increase of $2,585 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$3,130

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 800$ 1600$ 2400$ 3200$ 4000Highcharts.com

10.1%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-32 %-16 %0 %16 %32 %48 %Highcharts.com

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