Land rent prices

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

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

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.

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.

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.

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.

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

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

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.

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

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

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

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

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.