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South Dakota Agricultural Land Market Trends

Updated June 17, 2026
Professional portrait of Hoanh Le

Hoanh Le

Assistant Professor & SDSU Extension Economics Research Specialist

Developed with contributions by Jack Davis, former SDSU Extension Crops Business Management Field Specialist.

Introduction

The 2026 SDSU Extension Farm Real Estate Survey marks the 36th consecutive year of tracking agricultural land values and cash rental rates by land use and quality across different regions of South Dakota. These surveys provide stakeholders throughout the state with essential insights into the dynamics of the agricultural land market. This report aims to deliver unbiased, reliable information on land values and rental rates so that industry participants can make well-informed decisions. The information presented here is intended as a general reference and should not be used to estimate land values or cash rental rates for any specific property.