South Dakota Farm Lease or Rental — Cash is a legal agreement between a landowner (lessor) and a tenant (lessee) in South Dakota, where the tenant pays the landowner a fixed amount of money as rent for using the farmland. This type of lease is commonly used in agricultural practices and provides the lessee with the opportunity to cultivate crops, raise livestock, or engage in other farming activities. Keywords: South Dakota, farm lease, rental, cash, legal agreement, landowner, tenant, farmland, agricultural practices, cultivate crops, raise livestock, farming activities. Different types of South Dakota Farm Lease or Rental — Cash may include: 1. Crop Share Lease: This type of lease agreement involves sharing the harvested crops between the landowner and the tenant in a pre-determined ratio. The tenant provides the labor and machinery necessary for farming, and the landowner receives a portion of the crops as rent. 2. Pasture Lease: In a pasture lease, the tenant pays a fixed amount of cash rent to the landowner for grazing livestock on the farmland. The terms of the lease include the number of animals allowed, maintenance responsibilities, and provisions for the care of the animals. 3. Cash Rent Lease (Fixed): This lease agreement involves a fixed cash payment from the tenant to the landowner for the use of the farmland. The rent amount remains unchanged throughout the lease term, providing stability for both parties. 4. Cash Rent Lease (Flexible): This type of lease includes a variable cash rent based on factors such as crop yield, market prices, and input costs. The rent amount is adjusted annually or periodically, allowing the tenant and landowner to share the risks and rewards of farming. 5. Hunting Lease: Although not directly related to farming, hunting leases are also prevalent in South Dakota. These leases grant hunters the right to access and hunt on the farmland in exchange for a cash payment. The terms typically include hunting seasons, allowed game species, and rules regarding the use of firearms. In South Dakota, the choice of lease type depends on the specific goals, resources, and preferences of both the landowner and tenant, as well as the nature of the farming activities to be conducted. It is recommended to consult with legal professionals and agricultural experts to determine the most suitable lease option and ensure compliance with local laws and regulations.
South Dakota Farm Lease or Rental - Cash
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Average cash rental rates in 2019 for irrigated cropland varied from $60-275 per-acre in the Southwest and Southeast regions (Table 1). The Southeast had the highest average rental rates for irrigated cropland at $275 per acre. Western South Dakota's average irrigated rental rates were $60 per acre.
The average value of a crop farm land in South Dakota was $3,638 an acre in 2020, according to a report from the South Dakota State University Extension. The average value in 14 counties of southwestern Minnesota was $6,371, according to the University of Minnesota Extension.
South dakota Farmland Prices Over the last 20 years, the price of farmland per acre in south dakota has risen by an average of 9.7% per year to $3,030 per acre as of 2019. This represents an increase of $2,445 per acre of farmland over this time period.
SOUTH DAKOTA $120/acre South Dakota's statewide average increased $4 year-over-year in 2021, from $118/acre to $122/acre. Moody County came out on top with an average rent of $226/acre. The largest year-to-year growth was Clay County, up $16 to $199/acre.
Over the last 20 years, farmland rental rates per acre in south dakota have risen from an average of $72 per acre in 2009 to $120 per acre in 2019. This represents an increase of $48 over this time period with an average implied capitalization rate of 4%.
The statewide change in average cash rental rates per- acre from 2019 to 2020 decreased $13 for cropland and $3 for pasture/rangeland. Survey, SDSU Extension. Average cash rental rates in 2020 for non-irrigated cropland varied from $29 to $179 per-acre in the Southwest and Southeast regions (Figure 1 and Table 1).
Cash rents paid to landlords in 2021 for cropland were mixed from last year. Irrigated cropland rent averaged $196 per acre, $3 below last year. Dryland cropland rent averaged $120 per acre, $2 higher than a year earlier. Pasture rented for cash averaged $26.50 per acre, $0.50 above the previous year.
South dakota Farmland Prices Over the last 20 years, the price of farmland per acre in south dakota has risen by an average of 9.7% per year to $3,030 per acre as of 2019. This represents an increase of $2,445 per acre of farmland over this time period.
The statewide change in average cash rental rates per- acre from 2019 to 2020 decreased $13 for cropland and $3 for pasture/rangeland. Survey, SDSU Extension. Average cash rental rates in 2020 for non-irrigated cropland varied from $29 to $179 per-acre in the Southwest and Southeast regions (Figure 1 and Table 1).