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Cash rents to challenge record highs

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.

Cash rents to challenge record highs