Cash Rent for 2010

I was just looking through the National Agricultural Statistics Service (NASS) Cash Rents for 2010 report, and saw a couple interesting trends. First of all, cash rents for non-irrigated cropland took some big jumps in the last year, and continue to be highest in our part of the state.

For example, cash rents rose about $10 per acre in Kandiyohi County, from $144 in 2009 to $154 in 2010; and jumped $17 per acre in Renville County, from $146 in 2009 to $163 in 2010. There were $20 per acre increases in both Chippewa and Yellow Medicine Counties; with both counties now hovering around $150 per acre cash rents.

The biggest year-over-year increase in cash rent for non-irrigated cropland happened in Dodge County, in Southeast Minnesota, which went from $177 in 2009 to $201 in 2010. The first and only county to break $200 per acre on average, Dodge County was at the top of the state for cash rents in 2010.

Cash rents in many of the most productive counties in Southern Minnesota are now hovering between $125 and $175 per acre; with more counties moving toward the $175 side of the equation. In our region and beyond, I found 26 counties where cash rents had climbed above $150 per acre. If recent trends continue, I could easily see maybe 8 to 10 more to hit that level in the next year.

If you have questions about your cash rent levels, or would like an appraisal on your farmland, please give me a call at 320-894-7528. I would love to help you get full value for your farmland!

Thanks,
Noah Hultgren
The FarmlandMan.com
noah@farmlandman.com
www.farmlandman.com