Document Type

Other

Publication Date

1-1-2006

Keywords

grazing land price, pasture land price, agirculture marketing

Extension Number

ExEx 5048

Department

Economics

Description

Pasture and grazing land is a valuable resource in South Dakota, as it accounts for 53% of total land use. The price of land is determined by productivity and market forces. Various sources of land price information are available; they are given here to improve your awareness of prices that are available, when prices are released, and what factors influence them. • Knowledge of land values is useful when deciding between utilizing grazing land and renting it to others. • Knowledge of current returns to land is useful for determining the value of livestock that utilize forage. • Finally, the knowledge is useful for those buying or selling land.

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