2009 Rental Decisions Given Volatile Commodity Prices and Higher Input Costs

Gary Schnitkey and Dale Lattz ( October, 2008 )

Summary

In this environment of extreme price uncertainty, many farmers and landowners are in the midst of making farmland rental decisions for 2009. Price uncertainty has greatly complicated decision-making as it is difficult to accurately estimate farmland returns for 2009. This in turn leads to difficulties in setting appropriate cash rent levels. Given these difficulties, this document provides several suggestions.

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Organization

farmdoc

Publisher

University of Illinois

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615

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Written Material