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Land rent prices

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Topic: Land rent prices

Posted By: cornfarmer
Subject: Land rent prices
Date Posted: 28 Feb 2010 at 7:26pm

Curious what prices per acre some of the farming members of this forum are paying? Seems like with the cost of inputs one couldn't afford to pay much

Replies:

Posted By: SCPAAndy
Date Posted: 01 Mar 2010 at 9:07am

There are alot of variables but rite now in Adams county for hay ground I'm paying $80 and up

Posted By: tominpa
Date Posted: 01 Mar 2010 at 9:15am

Western PA. Eastern Ohio Mahoning co Columbiana county Beaver county 100.00 will kill most rents. I think thats mainly because the main players have stuck together for a hundred years and sort of conspired together to keep the rents low. We got a lot of 50 dollar rent around here.

Posted By: TedBuiskerN.IL.
Date Posted: 01 Mar 2010 at 9:54am

I'm getting 150 for corn and bean ground, and I've heard of numbers as high as 300 in this area.

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Posted By: ILGLEANER
Date Posted: 01 Mar 2010 at 10:19am

I give 1/3 of the crop. Which is getting to be to much with good corn years .

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Posted By: Butch(OH)
Date Posted: 01 Mar 2010 at 10:45am

Wildly varied market around here that depends a lot on the size of the field. Larger fields or acreage tied together is the highest. I have heard of rents as high as $150. Smaller fields that arent a good fit for 24 row planters and 12 row combines are about half that. Even smaller and cheaper than that are the many 5-10 acre patches that have been split off. When the owners discover they can save 80% or more on the taxes by claiming some kind of agricultural useage (CAU here) they go looking for a farmer and the rent is REAL cheap, as it has to be when you unfold equipment to till, plant or harvest a patch that size.

Posted By: Matt MN
Date Posted: 01 Mar 2010 at 11:48am

here in central Minnesota it is ranging from $200-$250 an acre, With the markets the way they are and the input costs I don't see how they can pull it off.

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Posted By: John (C-IL)
Date Posted: 01 Mar 2010 at 12:20pm

Here in east central IL the rents range from $125 to $300. The farm just south of me rented this year for $175 after being farmed by the same family for 30 years. If I could get that for mine I would have to give serious consideration to not farming myself. Some nice flat black productive ground close to the elevator was rumored to have been rented for $325 but I have doubts about that.

If you had $200 in your pocket and could give it for rent you could probably rent all you wanted to farm. Let's see, 150 bu corn @ $3.80/ bu gives you $570 gross. It will cost you a minimum of $450 to put out a crop. So...if everything goes good you will have $130 to pay rent and any surprises. To make money you would need another 20 bushels per acre or $4.35 corn.

Posted By: ToddSin NY
Date Posted: 01 Mar 2010 at 2:01pm

I get $45/acre here for my 50 acres. Dad gets $50 for his 285.

Posted By: Gerald J.
Date Posted: 01 Mar 2010 at 2:26pm

In central Iowa rents used to be right at $135 an acre. I met a lady a couple years ago with land near Duncomb that was asking $275 and getting $249. With $4 cash corn possible now and with $6 or 7 sold one day a couple years ago land prices are running $5k to $7k an acre for farm land and traditionally rents had been 5% of the land value. I don't think they are that quite that high around here, though I've heard of $450 in central Illinois. One wonders if that renter was solvent a year later and if he actually paid the rent.

My land is in a 50/50 crop share, I pay half the seed, fertilizer and chemicals too. That way it works more equitably than demanding a cash rent that breaks the renter and its a whole lot easier to negotiate than to negotiate a fixed rent with these volatile markets for inputs and grain sales. I have 2/3 my anticipated (based on 2009 yield) corn sold for an average of $4.01 a bushel. I'll do OK. I'll do better if the tenant improves on his 2009 yield the way he thinks he will.

Gerald J.

Posted By: Andrew(southernIL)
Date Posted: 01 Mar 2010 at 9:48pm

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Posted By: Andrew(southernIL)
Date Posted: 01 Mar 2010 at 9:49pm

Some getting as high as 150 here and some for this year at 180. Hard to make much money with our dirt. We have had 3 or 4 good years in a row and the rent has increased every year cause of it.

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If fishing is a sport your looking at an athlete

Posted By: Dale H. ECIL
Date Posted: 01 Mar 2010 at 10:12pm

I am getting $160.00 an acre here, could get more but renting to a good neighbor.

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Posted By: SHAMELESS
Date Posted: 02 Mar 2010 at 12:48am

5% of the land value??? whew...that would put my land at $500.00

Posted By: SHAMELESS
Date Posted: 02 Mar 2010 at 12:48am

per acre

Posted By: SCPAAndy
Date Posted: 02 Mar 2010 at 3:42am

Those numbers mentioned for the "I" states don't really seem out of line given the soils and somewhat cheaper inputs than here in scpa. It's all about roi

Posted By: michaelwis
Date Posted: 02 Mar 2010 at 5:12am

170 PER ACRE ... 3 YEAR CONTRACT

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Posted By: Andrew(southernIL)
Date Posted: 02 Mar 2010 at 7:59am

Andy I understand what your saying but extreme Southern IL is different than the rest of IL we have this thing called a hard pan and it seems like its located about 6 inches below the surface. I live on the Southern tip and basically have the same dirt as Kentucky. In fact where we live use to be south of the Ohio but way way back in the day there was a great earthquake that changed the coarse of the Ohio (must have been the start of global warming) and moved it further south. Thank goodness though otherwise I'd be living in KY......lol.

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If fishing is a sport your looking at an athlete

Posted By: Jon NW Iowa
Date Posted: 02 Mar 2010 at 8:32am

$225.00 per acre --people are standing in line to rent land

Posted By: darrel in ND
Date Posted: 02 Mar 2010 at 10:54am

you'd all laugh at what we pay here in western ND

Posted By: Matt (NEIA)
Date Posted: 03 Mar 2010 at 12:31am

200 dollars per acre is cheap here, everything is getting to that 250-300 dollar per acre range, of course that's all thanks to the big farmer, sure wish i could have been born 60 years ago

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Posted By: bryani289swmi
Date Posted: 03 Mar 2010 at 6:37pm

I get $60/ per acre for mine, corn went 180+ bushels this year.

Bryan

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Posted By: NickT(Ky)
Date Posted: 03 Mar 2010 at 6:42pm

A friend of mine just leased his for $150 acre. His farm is just a few miles from Abraham Lincoln's birth place.

Posted By: SCPAAndy
Date Posted: 03 Mar 2010 at 8:27pm

if there is any forum members here in south central PA or northern MD i'd be glad to give some very competitive rent offers Andy- 717-465-4976

Posted By: DanWi
Date Posted: 03 Mar 2010 at 8:38pm

Where would these prices be if we didn't have ethanol plants and people speculating in the grain markets, those speculating on land, and those playing the insurance game? Could this all be a house of cards? Most things run in cycles. What is going to turn this one down?

Posted By: Spud
Date Posted: 03 Mar 2010 at 8:44pm

What are you paying in Western ND? Is that around Williston?

Posted By: JeremyHarmon(VA)
Date Posted: 03 Mar 2010 at 9:32pm

18-30 per acre for pasture and hay ground in SWVA.

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Posted By: 7060
Date Posted: 03 Mar 2010 at 11:15pm

For hill ground around here we give from around 75 to 100, and for bottom ground 150 to 175. A neighbor of ours is trying to rent hill ground out for $270 and its only capable of 35 bushel beans or 130 bushel corn, needless to say he hasnt got it rented yet. This makes year 3.