Farm Value up in South Dakota
The value of farm real estate in South Dakota has risen 12 percent in the past year.
Farm real estate value is a measurement of all land and buildings on farms. The Agriculture Department says the value in South Dakota averages $2,320 per acre.
The value this year is up $250 per acre from last year.
Cropland value averages $3,730 per acre, up 9 percent from last year. Pastureland is up 14 percent, to $980 per acre on average.
Cash rent is mixed compared to last year. Irrigated cropland rent averages $186 per acre, down $7. Non-irrigated cropland averages $125 per acre, up $11. Pasture land averages $27 per acre, up $5.
The Associated Press contributed to this story