Four out of ten corn and soybeans growers surveyed in the latest Ag Economy Barometer expect farmland cash rental rates to rise in 2023.
Jim Mintert, director of the Purdue University Center for Commercial Agriculture, says among respondents who expect rates to increase “27 percent said they expected a zero to five percent increase and on the other end of the spectrum, 34 percent said they thought rates might go up 10 percent or more.”
He tells Brownfield farmer expectations are in line with long-term cash rental rate trends.
