Polls
Cropland Rents Sizzle
A recent poll from FBN shows cropland rents continue to escalate. Using USDA's summer 2021 survey on cropland rents and comparing to what nearly 1,300 FBN farmers said cash rents were going for, nearly every key growing state has seen rents increase.
21
get by the big dairies and land rent sky rockets around here. they pay big just for a place to spread manure , the crop is a bonus
1
So true. I know of big dairies traveling over 50 miles for crop land that they pay rent at close $200/acre. Hard to understand how they make the economics work.
Try farming in CA, where we have fires, no water and farmers paying close to 1000 acre rent.
1
Landlords have been decent to work with, but when they go to management companies it ends it. Farmers National is after the almighty dollar. They turn the several decades relationship with a landowner and call the neighbors for higher bids before negotiating begins.
8
1291 responded in 25 states equates to 51 per state. Is that even 1 per county? Why not publish USDA results year to year for multiple years or FBN do the same poll for multiple years to get comparable results. Not hard to reason rents follow commodity prices
2
There is always someone out there that will run the rent way up to try to be super farmer status only to fail a few years down the road and have the rental rates wrecked for everyone else
22
Yep got a guy in this area that wants to farm 10000 acres just to say he does! And he's grabbing ground and income from families that actually need it to live. If you can't make a good living on 6000 acres, one of 2 things, you shouldn't be farming or your just plain a greedy prick
onion ground ?
Yes with power, pump and water filtration system. This survey is worthless because there are too many variables and FBN can't seem to relate to farming outside of the Midwest and dryland farming. There are more crops other than Corn soybeans and wheat.
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3
FSA has more accurate data on rent rates and more info on specific crops. This kind of polling is like playing poker and asking what cards everyone has. I'm in Idaho and I turned down 2 offers at $600/acre/ year for 4 years contract. Not bluffing!
5
I'm waiting on the guys paying 300 to 400 rent on 200 bu corn acre ground to go belly up and then take all theirs to farm! For adequate price and income level
Did it include water?
Just had coffee at church. learned a recent bidding war over some crop land went for $150/ acre. Dryland. I have land near by that is renting for $85/acre. My God. Why?
4
Was it outside money ? Over here in the PNW outside investors CA, Seattle , China , Bill ***** are buying up farm land : some is still being farmed but at the prices they are paying it for a tax write off - loss - I see it as money laundering .
Some is being pulled out for dance resorts , developments of homes only outside money can afford and completely changing the demographics of the area .
It’s getting nuts out there. A lot of guys are letting their egos determine cash rent instead of their budget.
I see they didn’t mark my “None of your business” on the map.
11
(edited)
Paying high rent is still cheaper than buying.
4
I think both are true. Rent is cheaper in the short term. If inflation continues reducing the dollars true purchasing power, land is a good hedge against inflation… but ended a lot of farming careers in the 1980’s.
Started buying land in 1989. Purchase prices from $950.00 to $12,000.00. Still think it’s the right thing to do. Have 1,150 acres now. We all look at opportunities different
What were the averages of the other states??
13