A University of Missouri ag economist said he expects farmland lease costs to rise more than 10 percent in 2022 compared to last year.

Ray Massey tells Brownfield the sharp increase would follow the recent trend in farmland values.

“What we see with lease values is that they tend to lag land values,” Massey said.

He said strong farm incomes from high commodity prices, paired with low interest rates, have driven the land market for nearly a year.

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