date:Oct 18, 2012
ts that are significantly below those being currently negotiated.
For central Illinois with high-productivity farmland, long-run prices result in a $341-per-acre operator and farmland return, suggesting cash rents in the low to mid-$200 range, Schnitkey says. A mid-$200 per-acre rent is significantly below average cash rents in central Illinois, where several counties have average cash rents above $300 per acre. Cash rents in the low- to mid-$200 range for high productivity farmland would resu