Missouri river bottom south of Sioux City, IA | What about cash rent? We are at the same price level today on corn as we saw in 2009-2010. With soybeans we are about $2.00 lower. Who is paying the same cash rent amount as they did in 2010? Even if you take into account higher yield increases because of better genetics most are still paying much higher rents when compared to 2010.
After 2012 there seems to have been a disconnect between land prices or farming returns and what guys are willing to pay for cash rent. Maybe we are setting up for a “Grand Flush” like the 80s that will get the high rollers something to ponder. Their burn rate on equity has been very high since 2012.
Tom N. |
6 years ago.. beans were worth twice as much.
