How to keep up with land rents in a drought year

08/07/2012 - 08/16/2012

The longer the drought of 2012 persists, the more wrinkles the devastating weather pattern develops for farmers. The latest one has ramifications well beyond when the rain starts to fall. This summer's drought was preceded by years of skyrocketing farmland values that have jacked up crop breakeven prices and, consequently, revenue needs for farmers buying or renting land that costs twice what it did just a few years back.

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