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Explore South Dakota 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.
$111/acre
6.0%
3.8%
$128
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
3.8%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $128 | 0.8% |
| 2022 | $127 | 4.1% |
| 2021 | $122 | 1.7% |
| 2020 | $120 | 0.8% |
| 2017 | $119 | -1.7% |
| 2016 | $121 | -4.0% |
| 2015 | $126 | 8.6% |
| 2014 | $116 | 10.5% |
| 2013 | $105 | 11.7% |
| 2012 | $94 | 19.0% |
| 2011 | $79 | 9.0% |
| 2009 | $73 | 11.5% |
