Outlook for corn and soy farmers in 2019 ‘simply is not good’
Midwestern farmers will likely need large reductions in rental rates on cropland in 2019 to have a chance of making money on corn or soybeans, said economist Gary Schnitkey of the University of Illinois.
Denver company now major Midwest landowner
Farmland Partners Inc. says it has closed on a previously announced purchase of 22,100 acres of farmland near Paris in east-central Illinois in a deal valued at $197 million.
Land-rental rates are falling, but remain high
It took years for land-rental rates to rise during the agricultural boom, and now they are coming down much slower than commodity prices, which peaked in 2012, writes economist Gary Schnitkey of U-Illinois.
Land rental rates to drop 16 percent in Midwest and Plains
Bankers in a 10-state swath from Illinois and Iowa to Colorado and Wyoming "expect 2015 cash rents for farmland to decline to $214 per acre, down significantly from last year's $254," said Creighton University's Rural Mainstreet Index.