 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2025 |
|
 |
|
CASH RENT HITS $700/ACRE IN ILLINOIS
Aug. 23, 2011
Source: The Brock Report
Corn prices are already at historically high levels, which adds fuel to the fire that is pushing land values and cash rents higher.
A large share of the cash rent negotiations for next year will be taking place between now and the end of September.
A central Illinois subscriber called this week to say he was told the cash rent for a bank-managed farm would be $700 per acre next year!
This craziness will cause some growers to lock in incredibly high input costs.
Agri Marketing note: that same farm most likely rented for $110/acre five years ago.
|
|
|
|
|
