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Higher cropland rent projected for South Dakota

Cash rent for cropland this year in South Dakota is expected to go higher as land values continue to soar. An SDSU economics professor tells the Aberdeen News that based on preliminary data from the university’s Farm Real Estate Market Survey, they expect increases of 30 to 40 dollars an acre. SDSU is hoping for a 20 percent survey response. South Dakota land values have risen dramatically over the past few years and have gone up every year since the 1980s’ farm crisis.