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