2 Missouri Cash Rent County Estimates (September 2019) USDA, National Agricultural Statistics Service, Heartland Regional Field Office Cash Rent by Land Type and County – Missouri: 2019 (continued) County, district, and state Irrigated cropland Non-Irrigated cropland Pastureland (dollars per acre) (dollars per acre) (dollars per acre) Likely due to competition with cropland and livestock density, pasture rental rates were the highest –more than $25 per acre – in portions of the Corn Belt, Minnesota, Wisconsin, Missouri, Nebraska and Kansas. USDA recently released updated cash rental rates for cropland and pasture for 2019. At the county-level, irrigated rental rates ranged from less than $100 per acre in many Western states, between $100 and $200 per acre in portions of the Southeast, Central Plains and along the Mississippi, to more than $500 per acre in portions of California. Pasture rental rates fell the most in the Lake States (down 13.4 percent to $27.5 per acre) and the Northeast (down 7.1 percent to $29.50 per acre. 4-H County Club 4-H County Forms 4-H County Projects 4-H County Trips 4-H County Volunteers. County estimates will be published to the Quick Stats database in late August every year. Land rented for a share of the crop, on a fee per head, per pound of gain, by animal unit month (AUM), rented free of charge, or land that includes buildings such as barns are excluded from the survey. Then cash rents rose to $223 per acre in 2018, and then to $224 in 2019. The Cash Rents Survey provides the basis for county estimates of the cash rent paid for irrigated cropland, non-irrigated cropland, and pasture. Cash rent lease agreements are popular because the lease is simple, the rent is fixed, and the owner is relieved of making operating and marketing decisions. In Georgia, cash rent for cropland (irrigated and non-irrigated) increased by $10 to $126 per acre compared to 2018 averages. The demand would likely be enhanced by welcome news on the trade front, including but not limited to the U.S.-Japan agricultural agreement, the passage of USMCA, and a resolution of normalized – and fair – trade with China. The risk and returns from changing prices, yields, and costs are all borne by the tenant. The initial mail-out occurs in mid-February followed by a second mailing in mid-March. Click an option below to subscribe. Other state and federal government agencies, universities, and research organizations use these data for other forms of economic analysis. through 2018. Areas with lower irrigated cash rents mirror areas with lower non-irrigated cash rents in portions of the western Corn Belt. For Terrance, farming has always been a family affair. Questionnaires were mailed on January 9th and a follow- 16 - - FARMS, LAND IN FARMS AND VALUE Pennsylvania Agricultural Statistics 2012-2013 USDA, National Agricultural Statistics Service - NER Office Pennsylvania: Average Cash Rent Per Acre, By County, 2012-2013 County and district Cash rents are expected to be flat to slightly lower decreasing from 0.7 to 2.0 percent depending on the region and land class. The increase in pasture cash rents can be explained by increases in the beef cattle herd, fewer acres of pastureland (The 2017 Census of Agriculture, Our First Take), and, anecdotally at least, increases in cash rental rates demanded by private and largescale ranchland owners. Website: https://ask.usda.gov/s/, Customer Service Email: / Phone: (800) 727-9540, Sue King, Public Affairs Director Email: / Phone: (202) 690-8122, Jim Barrett, Public Affairs Specialist Email: / Phone: (202) 690-8124, Teresa White, Public Affairs Specialist Email: / Phone: (202) 690-8123, June Turner, Director Email: / Phone: (202) 720-8257, Find contact information for Regional and State Field Offices. Of the 1,870 counties reporting pasture rental rates, 73% had rental rates at or above $13 per acre. ISU Extension and Outreach publication FM 1851/AgDM C2-10, Cash Rental Rates for Iowa , shows rental rates per bushel of corn and soybean by county. Like non-irrigated cropland, irrigated cropland cash rents have increased across many portions of the country. Western Ohio Cropland Values and Cash Rents 2018-2019. This 2018 rental rate projection of $187 per acre equates to a cash rent of $1.06 per bushel of corn produced. The most recent release, September 2019, showed county-level rental rates for non-irrigated cropland ranging from less than $10 per acre in several Western states to more than $250 per acre across portions of the Corn Belt in Illinois and Iowa. For 2019, average cash rents ranged from a high of $297 per acre for Moultrie County and a low of $57 per acre in Johnson County (see Figure 2). Meet @ArFB member, Terrance Scott. Make additional category choices for the data you are looking for. The average value of pastureland was a record-high … The national average rate moved from $136 per acre in 2017 to $138 per acre in 2018, again about the same rate as inflation. The average rental rate for irrigated cropland was $220 per acre, up $5 per acre, or 2.3%, from 2018. More than 200 counties across the Corn B… non-irrigated land and only include information for cash rental arrangements. Michigan’s cropland cash rent was $127 per acre in 2019, up $4 from the previous year. Non-response phone follow-up is conducted from April to July from NASS’ Data Collection Centers. U.S and State estimates will be published on the USDA-NASS Quick Stats database the first week of August, every year. 4-H Youth Development. The national average rate moved from $136 per acre in 2017 to $138 per acre in 2018, again about the same rate as inflation. The most recent release, September 2019, showed county-level rental rates for non-irrigated cropland ranging from less than $10 per acre in several Western states to more than $250 per acre across portions of the Corn Belt in Illinois and Iowa. While rates did bump up to a high of $144 per acre in 2015, land rent has been fairly static around this $135-to-$140-per-acre rate for the last six years. acre in 2019 from $138 per acre in 2018, while th e national average for pa sture increased by $0.50 to $13 per acre. Finally, the average rental rate for pasture was $13 an acre, up 50 cents, or 4%, from prior-year levels. U.S. and state estimates are released in August every year. 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The range of cash rents paid for non-irrigated cropland was $4 5.50 per acre in Sedgwick to $1 2 per acre in Mesa County. Given current expectations for farm income to rise in 2019 due to federal assistance, an anticipated inflation level of 2% and lower interest rates, the demand for agricultural land, i.e., cropland or pasture for rent, is likely to remain competitive going into 2020. The 2015-2019 “Average” data columns list historical rent data by county for those years. Today’s article provides a summary of key market information presented at USDA’s February 2021 Agricultural Outlook Forum. Medium-quality land experienced a 0.9% drop, from $222 per acre in 2018 to $219 in 2019. From this level, cash rents declined $16 per acre over the next four years to $218 per acre in 2017. 2019 County Rents and Prices North Dakota March 2019 An annual survey of farmers and ranchers was conducted to obtain average rental rates and the price of rented land in their localities. Previous articles reviewed the emissions for both 2017 (Agriculture and Greenhouse Gas Emissions) and 2018 (Agriculture’s Greenhouse Gas Emissions and Sinks), as well as trends in carbon sequestration (Reviewing U.S. Kansas Non-Irrigated Cash Rents at the County Level 2019 2019 Kansas County-Level Cash Rental Rates for Non-Irrigated Cropland Mykel Taylor Department of Agricultural Economics January 2019 Please Note: The rental rate estimates provided in this publication are calculated for a newly negotiated, equitable lease for the 2019 crop year. PK-12 Resources. Swenson derived regional and state average cropland values and rents from the published results of the Department of Trust Lands’ county-level survey. youtube.com/watch?v=3qrl4e…, © 2021 American Farm Bureau Federation ® | legal | privacy, Credit: Credit: Rolling Stone2009 / CC BY-NC-SA, Credit: Rubén Moreno Montolíu / CC BY-SA 2.0, Tax Incentives for Renewable Fuel and Energy, 2021 Farm Bureau Farm Dog of the Year Contest, estimates of cash rents for cropland and pasture in 2019, Land Values and Cash Rents Falling in Some Areas, The 2017 Census of Agriculture, Our First Take, Land Values and Cash Rents Are Higher in 2018, 2020 Outlook Projects Principal Crops Rebound, More Farmers File for Bankruptcy Protection. The Farm Service Agency (FSA) uses cash rent county estimates to determine market-based rates in administering USDA programs, such as the Conservation Reserve Program (CRP). Figure 4 highlights 2019 county average rental rates for pasture. Every other year, USDA’s National Agricultural Statistics Service releases county-level cash rents for non-irrigated and irrigated cropland as well as pasture for all counties with more than 20,000 acres of cropland and pasture. Average cash rents in Iowa, in dollars per acre Results by county and crop are at File C2-10, Cash Rental Rates for Iowa 2019 Survey . Outside of portions of the Midwest, most cropland rental rates have increased, despite the downturn in the farm economy. Cash rents then fell $2 per acre to $222 per acre in 2020. The cropland cash rents in the States bordering Ohio were: Indiana, $194.00 per acre; Kentucky, $151.00 per acre; Michigan, $127.00 per acre; Pennsylvania, $94.00 per acre; and West Virginia, $43.00 per acre. The USDA National Agricultural Statistics Service (NASS) compiles county-level statistics for per-acre cash rental rates for irrigated farmland, non-irrigated farmland, and pasture. Illinois cash rent reached a high in 2014 of $234 per acre. For non-irrigated cropland, the average rental rate was $127 per acre, up $2 per acre, or 1.6%, from the prior year. Cash rents then fell $2 per acre to $222 per acre in 2020. 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Hours: 7:30 a.m. - 4:00 p.m. Eastern Time Monday - Friday, except federal holidays Toll-Free: (800) 727-9540, Hours: 9:00 a.m. - 5:30 p.m. Eastern Time Monday - Friday, except federal holidays Toll-Free: (833) One-USDA Some field follow up is conducted to insure adequate response rates for the survey. In inflation-adjusted dollars, however, only irrigated cropland and pasture rental rates were above prior-year levels; non-irrigated rental rates were outpaced by inflation. The Cash Rents Survey provides the basis for county estimates of the cash rent paid for irrigated cropland, non-irrigated cropland, and pasture. The average farmland rent prices for counties in Minnesota; County 2015 average 2016 average 2017 average 2018 average 2019 average 2019 median 2019 10th percentile Land Quality 6/2019 − 12/2019 12/2019 − 6/2020 Top 5.5% −1.0% Average 5.0% −1.7% Poor 8.7% −2.2%. An additional indication is also available from the June Area Survey. Average row crop CSR2 index – average corn suitability rating 2 (CSR2) for the highest rated acres in each county, up to 110% of the number of acres planted to corn and soybeans in that county. The 2018 crop year columns list the weighted average rental … The USDA National Agricultural Statistics Service (NASS) compiles county-level statistics for per-acre cash rental rates for irrigated farmland, non-irrigated farmland, and pasture. Cropland cash rents in the Lake States remained unchanged from last year at $153 per acre. By Max Fisher, Vice President of Economics and Government Relations . It’s no secret that the farm economy, i.e., net farm income, has fallen by more than 30% since 2014. The Census Data Query Tool (CDQT) is a web based tool that is available to access and download table level data from the Census of Agriculture Volume 1 publication. Average cropland rental rates, up from $32 per acre in 2018 to $32.5 per acre in 2019. Author: Barry Ward Date published: Sept. 8, 2020 Download File. Figure 1: 2019 Nebraska nonirrigated cropland cash rent paid per acre. In 2018, cash rent per tillable acre in the province ranged from $50 in five counties, including Renfrew and Prince Edward, to $300 in Huron, Oxford and Perth counties. The land rental data listed is a weighted average of all the farms reporting land rent for a specific county and year. This was essentially the same rental rate as observed in 2013. The same information is summarized by region and county cluster in Table 2. The 2018 data also includes the median cash rent and the 10th and prevented planted acres. While the national average pasture rental rate was $13 per acre in 2019, many counties had an average pasture rental rate above $13 per acre. The average farmland rent prices for counties in Minnesota; County 2015 average 2016 average 2017 average 2018 average 2019 average 2019 median 2019 10th percentile Low-quality land experienced a 1.1% decline, from $185 per acre in 2018 to $183 in 2019. February 22, 2021. Census of Agriculture The statewide change in average cash rental rates per- acre from 2019 to 2020 decreased $13 for cropland and $3 for pasture/rangeland. Given the downturn in farm profitability, cash rents were expected to decline, but that’s not been the case nationwide. Carbon Sequestration). Contact: USDA’s annual Agricultural Outlook Forum provides the first glimpse at crop acreage and yield expectations, as well as supply, use and price estimates for the upcoming marketing year for major field crops such as cotton and grains and oilseeds.
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