date:Oct 18, 2012
corn prices averaging close to $3.50 in 2009.
Schnitkey's research shows a range of farmer/landowner returns ranging from $60 to $172 an acre for the low end of the price range for corn and soybeans and $331 to $510 an acre on the high end ($5.50 and $12.50 for corn and soybeans, respectively). At the $4.50 and $10.50 price points for the two crops, the range of returns runs from $196 to $341 an acre.
So, with those numbers in hand, it leaves the big question: What should the cash rental rate