South Dakota State University
Land value depends upon future net cash income, non-cash income such as pride of ownership, hedging inflationary trends, rural living and recreation, and the rate of return the owner must realize to justify the investment in the land. This publication explains the income, capitalizing rent, and market price approaches.
South Dakota State University, Cooperative Extension,, "What Is the Value of Land … To the Buyer? To the Seller?’" (1969). SDSU Extension Circulars. 737.