Farm Economy a Consideration for SD Budget Proposal

South Dakota Governor Larry Rhoden is seeking a $7.4 billion budget for fiscal year 2027. That’s up from the $7.2 billion budget proposal issued by former Governor Kristi Noem for FY 2026. In the announcement, Rhoden said revenues are flat with economic growth influenced by tight farm margins. In Rhoden’s words, “when ag does well, the state does well.” The governor plans to increase the state budget reserve from ten percent to 12.5 percent.