Current Farmland Prices in Line with Farmland Returns and Interest Rates
Gary Schnitkey ( August, 2012 )
Summary
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.
Details
| Organization | farmdoc |
| Publisher | University of Illinois |
| Publication Date | August, 2012 |
| Publication Views | 269 |
| Material Type | Written Material |
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