USDA Farmland Cash Rent 2020DOWNLOAD FILE
Author: Jonathan LaPorte
The “USDA Farmland Cash Rental Information” is a listing of the county rental rates dating from 2009 to the 2020 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 from county to county. In Michigan, the higher productivity soils tend to command a higher price. This includes tile drained areas where specialty crops are grown, such as sugar beets and vegetables.
Other factors can impact the price that farmers are willing and able to pay for land rent. Some of these factors can include field size, access, soil type, soil fertility, previous cropping history, and proximity to their farm operation.
Looking at this report 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."