date:Oct 18, 2012
Need help determining what your cash land rent's going to be in the next few years? If so, Gary Schnitkey's your man.
The University of Illinois ag economist recently ran the numbers on potential cash rental rates in Illinois tied to a range of corn and soybean prices in the next five to 10 years.
It all goes back to per-acre profit on rented land, a figure that's nailed down by subtracting cash rental rates from overall farmer and landowner returns. Schnitkey used a long-term price range for