Document Type

Article

Publication Date

7-15-1999

Keywords

farmland market surveys, agricultural economics, land value survey methods, farmland values

Abstract

This report provides comparative findings from two South Dakota farmland market value surveys (SDSU and SDASS) for the 1995 - 1999 period. The annual SDSU farmland market survey is a key informant mail survey of agricultural appraisers, lenders, and extension educators. The annual SDASS county-level farmland survey results are based on nearly 3300 telephone survey responses from a random sample of farmers and ranchers. This report also includes considerable documentation of methods used to generate land value estimates at the regional and statewide level from available data in both surveys. The results and discussion sections include comparisons of: (1) relative values of cropland, pasture, and all agricultural land across counties and regions of SD, and (2) per acre land values obtained from both surveys for crop, pasture, and all non-irrigated land values using alternative approaches to aggregate results to the region and statewide level.

Comments

Economics Research Report No. 99-1

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