Illinois Farm Cash Rent 2024. Ag commodities likely not as affected. If your farm constantly outperforms the county average, then your cash rent could then be established.
In comparison, the national agricultural statistics service (nass) reports the average cash rent for illinois in 2022 was $243 per acre, up $16 from 2021. Usda and illinois farm business farm management data tell us that farm debt in illinois has been increasing since 1991.
Cash Rents Are Up For 2023, But Will 2024 Be Better?
We can help you choose the best leasing option for your farm in 2024.
Usda Has Released Estimated Cash Rent Per Acre On Irrigated Farmland For Illinois Counties.
Similarly, ispfmra rents increased from $305 in 2020 to $369 per acre in 2022, an increase.
Those Same Economists Project 2024 Farm Incomes.
Images References :
Sep 13, 2023 Updated Sep 15, 2023.
Variable cash rent leasing fact sheet.
Currently, Our Cash Rent Calculator Is For Select Counties In Northern And Central Illinois.
The number one question i receive is, โwhat is the going rate for cash rent?โ most landowners are seeking an average to charge a farmer for the use of the.
The Average Cash Rent Per Year Is Released In August During The Production Year.