Many farmers are expecting cash rental rates to rise in 2022, according to the latest Ag Economy Barometer.
Purdue University’s Jim Mintert says “producers continue to tell us that they expect to see some higher cash rental rates on corn and soybean farmland in 2022, versus 2021…roughly 50 percent of the producers in the survey say they think we’ll see higher cash rental rates.”
And, he says farmers are also optimistic about the short- and long-term outlook of farmland values.
