Home / News / Business news / Big rents & high land

Big rents & high land

Agriculture.com Staff 02/25/2011 @ 3:09pm

 

If Yogi Berra followed the land rental market instead of baseball, he might be saying, “It’s déjà vu all over again.”

Think back to February 2007. Grain prices were higher; the 2007 crop could be priced at relatively high levels, but producers were reluctant to sell a large percentage of that crop in advance. Input costs were going up. And the land rental market was in turmoil. And now, that's all happening again.

 

Big rent

"All the stories about big rent and high land prices cause me to worry...I have some ground we have farmed for over 30 years and remember the years we were not able to plant anything until June...the year(s) harvest price was so much lower than planting season prices."

New land highs

A young farmer says an 80-acre field sold in his area for an "astounding" price. It was a beginning farmer "with family help," which is a sign of new blood in the area, but he's quick to point out "he will not make money on that farm for a while.

"Everyone at the auction thought it was insane to spend that much on land."


 

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Growing Good Communication for Your By: 08/15/2014 @ 9:53am Every farmer faces questions about how to operate, how to position for the future, who should own…

Gear Up for Tools of the Future! By: 05/30/2014 @ 10:23am Though a lot of technology tools and functions -- satellite guidance, yield monitors, smartphone…

Don't Let Emotions Sabbotage Decisions By: 05/14/2014 @ 11:24am My first vivid memories are rooted in the 1980s farm crisis. My dad and his brothers split up the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Can Corn Catch Fire in September?