A farm business management instructor expects cash rents to rival record highs set a decade ago.
Wayne Schoper with South Central College in Mankato, Minnesota says when they analyze farmer data from 2022, he expects rental rates to average $250 to $260 an acre.
“That’s where we peaked in 2012 and 2013.”
He tells Brownfield there are anecdotal stories of landlords charging $400 or more an acre, which Schoper calls “outrageous.”
“I know there’s opportunities (like) if you’ve got a good parcel of ground and you put it on a seal-bid auction sometime, sure sky’s the limit.