Cropland Cash Rent Steady in 2017

September 9, 2017 10:48 AM
 
iowa farmland crop tour 2016

Cash rents for cropland held steady this year, according USDA’s National Agricultural Statistics Service. It pegs the average cropland cash rent at $136 per acre, even with a year earlier. The national average cash rent peaked in 2015 at $144 per acre.

The report shows weakness in Corn Belt states, however. It puts the state-average at $218 in Illinois, down from $221 a year earlier; $231 in Iowa, down from $235; $166 in Minnesota, down from $170; $128 in Missouri, down from $129; $149 for dryland cropland in Nebraska, down from $150 a year earlier; $238 for irrigated Nebraska ground, down from $243; $119 in South Dakota, down from $121.

However, Indiana’s and Ohio’s state-average rents by a few dollars per acre 2017 compared to 2016.

 

2017 Cash Rents

 

View the U.S and state cash rent estimates via the USDA-NASS Quick Stats.

 

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Comments

 
Spell Check

C.K
bad axe, MI
9/7/2017 12:08 PM
 

  Cash rents may stay firm if you can get a lender to borrow a line of credit for 2018, but at current commodity prices there's going to be no takers. I talk to lenders and farmers and the money has ran out in farm country , everybody is out of cash. In 2018 barring a government bailout of the ag economy a US producer will be planting crops at a loss in 2018. FHA is going to have to pump a lot of government money this winter into the ag sector to keep it going next year.

 
 
Chuck
Eden Prairie, MN
9/11/2017 08:22 AM
 

  I hope there is no bail out. That would be just throwing good money after bad in my opinion. The reality is cash rents are way over priced relative to commodity prices. Inputs are way too high as well. Hopefully lenders will see reality and tell farmers and landlords the truth about where they are really at.

 
 

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