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Wayne Gronseth of Mitchell believes farmland is a safer investment than the stock market. (Daily Republic photo)

Land boom leveling off?

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MITCHELL -- From to 2011 to 2012, the value of cropland in South Dakota grew faster than almost anywhere else in the country.

According to the U.S. Department of Agriculture, the average value of cropland in the state increased 24.7 percent to $2,320 per acre.


That growth rate is the third highest in the nation, behind only North Dakota, 29.8 percent, and Kansas, 25 percent.

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