As cash rents increase, returns to farmland increase, generally leading to higher farmland prices. USDA estimates the average 2012 cash rent in Illinois at $212 per acre, 16 percent higher than the $183 per acre rent in 2011. The 2012 increase continues a series of years of large increases in cash rents. Since 2005, cash rents have increased by 64 percent.
Organization |
farmdoc |
Publisher |
University of Illinois |
Publication Views |
270 |
Material Type |
Written Material |