Explore undefined agriculture and learn what makes it unique.
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.
Over the last 20 years, south dakota farmland has offered average returns of 11.2%. At this rate, $10,000 invested in farmland in 2009 would now be worth over $122,400. Farmland returns are made up of two values, land appreciation, and capitalization rates of the property. Total farmland returns have been positive every year since 1990.
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