Farmland, News Desk
- June 9, 2015
-
Views: 534
Farmland: Bigger is Better in South Dakota
Warning: Undefined array key "separator_height" in /home/domains/dev.landreport.com/public/wp-content/plugins/jet-tricks/includes/addons/jet-unfold-widget.php on line 942
Nationwide, 98 percent of farms are family owned; however, the average South Dakota farm is triple the size of the average American farm — and growing larger. Currently, only farms in Montana, New Mexico, and Wyoming exceed South Dakota’s 1,366-acre average.
“There are some farms that are incredibly large, and they’re still family operations,” says Alvaro Garcia, professor and director of South Dakota State University’s Agriculture and Natural Resources Program. More than 50 percent of South Dakota farms have sales of less than $100,000 a year.
According to South Dakota State University Professor Matthew Elliott, it’s likely that the owners of such operations have a job in town or are farming on the side. Statewide, South Dakota lost 600 farms in the smallest sales class — those selling less than $10,000 a year. “Smaller operations, in order to remain profitable, tend to expand. The big ones also tend to expand,” Garcia says. Overall, half of US farms have sales of less than $10,000 a year. Read more HERE.
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
Behind the Woodshed: Jeff Hawn
The Land Report prides itself on singling out landowners who make a difference, inspire others, …
Land Report January 2018 Newsletter
The bull market for land that took shape in 2017 continues to stoke sales in …
Sold! South Texas’s La Bandera Ranch Sells
The sale of the South Texas hunting ranch, which was listed for sale at $54 …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.