South Dakota Farm Land Lease
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How to fill out Farm Land Lease?
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The table also displays percentage changes in reported statewide values from 2022 to 2023. In Missouri, the average value of ?good? non-irrigated cropland was $8,631 per acre, a $313 increase (4%) from 2022. The average statewide value of ?average? non-irrigated cropland was $6,951 per acre, a 4% increase.
Farm real estate value for 2022 averaged $2,050 per acre, up $230 per acre (up 13%) from last year. Cropland value increased 14% from last year to $2,350 per acre. Pastureland, at $930 per acre, was $90 higher than the previous year. Cash rents paid to landlords in 2022 for cropland were mixed from last year.
Farm real estate value for 2022 averaged $2,600 per acre, up $410 per acre (up 19%) from last year. Cropland value increased 19% from last year to $4,030 per acre. Dryland cropland value averaged $4,000 per acre, $640 higher than last year.
The lease or rental of real property is exempt from sales tax. However, leased or rented tangible personal property installed into real property may be subject to contractor?s excise tax.
98% of the farms in South Dakota are family owned and operated, with the average size of a farm being 1,395 acres. Agriculture is South Dakota's number one industry with more than a $21 billion economic impact each year.
Farm real estate value for 2023 averaged $2,920 per acre, up $320 per acre (up 12%) from last year. Cropland value increased 13% from last year to $4,550 per acre. Dryland cropland value averaged $4,520 per acre, $520 higher than last year. Pastureland, at $1,340 per acre, was $110 higher than the previous year.
The value of an acre of land varies quite a bit depending on a number of factors. The average cost of land in the contiguous United States is about $12,000 per acre.
Irrigated cropland rent averaged $219.00 per acre, $14.00 above last year. Dryland cropland rent averaged $126.00 per acre, $1.00 higher than a year earlier. Pasture rented for cash averaged $30.00 per acre, $0.50 above the previous year.
