Cash rent negotiations for 2022 are underway and a farm management analyst expects rates to reflect higher commodity prices.

Kent Thiesse with MinnStar Bank in southern Minnesota tells Brownfield there’s a lot of demand for land driven primarily by improved profitability.

“Certainly as more farmers are looking to increase their land base, they’re willing to pay a little more for land rent. Just like we’ve seen land values come up, land rental rates tend to follow along.”

He says there was a big spike in land rental rates between 2010 and 2014.

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