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September 01, 2015 01:00 AM

Report: Landlords Rent Out 17.3M Acres Of Farmland

Sioux Falls, SD

A government survey has found that there are 17.3 million acres of farmland rented out by landlords in South Dakota.

The National Agricultural Statistics Service on Monday reported the data, which come from its first survey of landowners since 1999.

The Tenure, Ownership and Transition of Agricultural Land survey was conducted last year. It found that there are 40,260 farmland landlords in South Dakota. But only 11,853 of those were actually farmers, the majority of them are non-farming landlords.

Cropland made up 65 percent of all farmland rented, while 34 percent was rented for pastures. The rest of the land was used for forests and other uses.

The agency also reported landowners expect to transfer almost 5 million acres to other owners in the next five years.

For more information, visit the USDA website.

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