April 22, 2024
Where Have Cash Rents Increased the Most?
Cropland cash rental rates have increased in recent years (Figure 1). The 2023 national rate was $155 per acre, up $16 or 12% from 2020. Considering a longer perspective, cash rents also increased from 2010 to 2015 before falling in 2016. The national rates in 2023 were $42 per acre, or 38%, higher than the…