South Dakota

SIOUX FALLS — South Dakota’s farm real estate value, a measurement of the value of all land and buildings on farms, was unchanged from 2018, according to USDA’s National Agricultural Statistics Service. Farm real estate value for 2019 averaged $2,070 per acre.

Cropland value increased slightly from last year to $3,130 per acre. Dryland cropland value averaged $3,100 per acre, unchanged from last year. Pastureland, at $1,050 per acre, was $10 higher than the previous year.

Cash rents paid to landlords in 2019 for cropland were mixed from last year. Irrigated cropland rent averaged $194 per acre, $5 above last year. Dryland cropland rent averaged $117 per acre, unchanged from a year earlier. Pasture rented for cash averaged $26 per acre, $3 above the previous year.

Minnesota

Minnesota’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,840 per acre, according to the USDA, National Agricultural Statistics Service – Land Values 2019 Summary. This is down $10 per acre from last year.

Cropland value, at $4,810 per acre, was down $140 from last year. Pasture, at $1,700 per acre, was down $50 from last year.

Cropland cash rent paid to Minnesota landlords in 2019 averaged $164.00 per acre. Non-irrigated cropland rent averaged $163.00 per acre, down $3.00 from last year. Irrigated cropland rent averaged $205.00 per acre, up $13.00 from 2018. Pasture rented for cash averaged $28.00 per acre, down $3.00 from the previous year.

Iowa

Iowa’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $7,190 per acre in 2019, according to the USDA, National Agricultural Statistics Service – Land Values 2019 Summary. This is down $80 per acre or 1 percent from last year’s level.

Cropland, at $7,260 per acre, was down $30 from last year. Pasture, at $2,720 per acre, was down $70 from last year.

Cropland cash rent paid to Iowa landlords in 2019 averaged $230.00 per acre. Non-irrigated cropland rent averaged $230.00 per acre, down $1.00 from last year. Irrigated cropland rent averaged $235.00 per acre. Pasture rented for cash averaged $59.00 per acre, up $5.00 from the previous year.

North Dakota

FARGO, N.D. — North Dakota’s farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2018, according to USDA’s National Agricultural Statistics Service. Farm real estate value for 2019 averaged $1,740 per acre, up $30 per acre (2 percent) from last year.

Cropland value increased 3 percent from last year to $1,920 per acre. Pastureland, at $820 per acre, was $44 higher than the previous year.

Cash rents paid to landlords in 2019 for cropland increased from last year. Irrigated cropland rent averaged $164 per acre, $1 above last year. Dryland cropland rent averaged $69 per acre, $5 higher than a year earlier. Pasture rented for cash averaged $17.50 per acre, $0.50 above the previous year.

Nebraska

LINCOLN, Neb. — Nebraska’s farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2018, according to USDA’s National Agricultural Statistics Service. Farm real estate value for 2019 averaged $2,850 per acre, up $100 per acre (4 percent) from last year.

Cropland value increased slightly from last year to $4,390 per acre. Dryland cropland value averaged $3,490 per acre, $60 higher than last year. Irrigated cropland value averaged $5,850 per acre, $80 below a year ago. Pastureland, at $1,050 per acre, was $75 higher than the previous year.

Cash rents paid to landlords in 2019 for cropland decreased from last year. Irrigated cropland rent averaged $237 per acre, $1 below last year. Dryland cropland rent averaged $144 per acre, $6 lower than a year earlier. Pasture rented for cash averaged $24.50 per acre, $2 above the previous year.

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