2013 Cash Rents on Professionally Managed Farmland in Illinois
The Illinois Society of Professional Farm Managers and Rural Appraisers conducts an annual study of farmland prices and cash rents. As part of this process, the Society asks its membership what cash rents will be for the upcoming production year. Society members indicate that the 2013 cash rents for farmland with expected corn yields over 190 bushels per acre will be $396 per acre, up $17 from the 2012 rent of $379 per acre.
University of Illinois Farm Management Specialist Gary Schnitkey studies the survey. You can read more from him on the FarmDocDaily website, or listen to his discussion with Todd Gleason using the links below.