USDA Farmland Cash Rent 2019DOWNLOAD FILE
February 10, 2020 - Author: Jonathan LaPorte, Farm Management Educator
USDA Farm Land Cash Rental Information is a listing of the county rental rates dating from 2008 to the 2019 year. The information was obtained from the USDA's National Agricultural Statistics Service (NASS) and is based on their survey results from producers.
It is important to remember that land rent prices vary tremendously not only from state to state, but also from county to county. In Michigan, the higher productivity soils that are tile drained in areas where specialty crops are grown (such as sugar beets and vegetables) tend to command a higher price. Other factors such as field size, access, soil type, soil fertility, previous cropping history, fencerows, telephone poles, wet spots, and proximity to their farm operation all impact the price that farmers are willing and able to pay for land rent. Looking at data like this will give you a place to start, but may not reflect the true value of the farmland.
To assist in determining what a fair and reasonable rate is for your production area, please see the MSU Extension factsheet "Farmland Rent Considerations."