Which 10 States Have the Highest Cash Rent?

August 28, 2018 03:59 AM
 
For 2018, the national average for cash rents on cropland is $138 per acre, which is 1.5% higher than 2017.

For 2018, the national average for cash rents on cropland is $138 per acre, which is 1.5% higher than 2017. The national average for irrigated cropland is $215 per acre, which is $3 per acre higher than last year. Pastureland stayed flat, averaging $12.50 per acre.
So which states have the highest cash rents in 2018?

StateCropland Cash Rent ($/acre)
California$340
Arizona$253
Iowa$231
Illinois<​/td>$223
Washington$203
Indiana$198
Nebraska$195
Mi​nnesota$167
Idaho$160
Oregon$159

Move the white sliders on the maps below to see how state-level cash rent prices have changed from 2017 to 2018.

Montana, Oklahoma and Texas have the lowest state-average cash rents in the country.

Maryland showed the largest year-over-year increase, 10%, for cropland cash rents. West Virginia posted a 7% increase over 2017 and Alabama cash rents increased by 6%.

Four states—Tennessee, North Carolina, Georgia and Florida—saw a drop in state-average cash rents. Florida’s decline of 7% was the largest decrease. 

Cash rental rates have been on a steady increase over the last two decades. The U.S. average for cropland cash rent peaked in 2015 at $144 per acre. 

Are you currently negotiating 2019 cash rental rates? If so, we have some resources for you:

The Question: To Rent or Not to Rent?

Strategies To Nail Your Cash Rent Negotiations

Three Ways to Wow Your Landlords

Dial In 2019 Land Rent Costs

The True Cost of Cheap Rent

Nail Your 2019 Land Lease Agreement

Volatile Markets Make Setting Cash Rent Even Tougher

Cash Rented Farmland: How Do You Know It's Time To Walk Away?

Three Tips To Lower Farmland Cash Rent

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Comments

 
Spell Check

Carol Mesa
Sioux Falls, SD
8/29/2018 02:07 PM
 

  I have a written contract year to year, and am thinking of selling my land effective in 2019. Do I have to let my tenant know by September 1st that I might be selling it? That only applies to oral contracts, right?

 
 
Bert
Milbank, SD
8/29/2018 07:58 AM
 

  There should be a split between East and West River South Dakota

 
 
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