Cash Rents on Professionally Managed Farmland Projected Down in 2014

Abstract

For excellent quality farmland, mid-point cash rent decreased from $396 per acre in 2013 to $375 per acre in 2014, a decrease of $21 per acre (see Table 1). Other cash rent categories had similar decreases. Cash rents on good quality farmland declined from $339 in 2013 to $323 in 2014, a decrease of $16 per acre. Average quality farmland rents decrease from $285 in 2013 to $277 in 2014, a decrease of $8 per acre. Fair quality farmland decreased from $235 in 2013 to $219 in 2014, a decrease of $16 per acre.