Benchmark farmland values continued to tick up in the last half of 2022, supported by high commodity prices and demand from buyers with strong liquidity.  The pace of increase, however, has slowed.  The steep hikes of 2020 and 2021 tapered to single digits in Iowa, Nebraska, and South Dakota at the close of 2022.  Farm Credit Services of America appraises the same 63 farms and ranches every six months to track trends in the real estate market.  The six-month change in South Dakota was 9.2 percent.  The one-year change was 17.3 percent.  The five-year change was 34.6 percent, and the ten-year change was 51.7 percent.  For pastureland, South Dakota’s six-month change was an increase of .5 percent.