Down here in southern MN rent is $160-180 an acre, with higher if you want to pick up something new, and lower if you are long-term & friends & lucky. Used to be rent was 100-140, with a few a little higher.
Small fields, odd shapes, can be a lot lower of course.
Read about this rent reporting to FSA on another forum, sure would be a negative. That is very sensitive info, of course you will deduct it on the IRS forum but that would be total paid; I would not want individual amounts reported to a govt agency if I were a tennent or the owner. I should think a lot of pressure would & should be applied to the right govt people to get that stopped before it gets started. Very bad business intrusuion upon private, valuable info. Really would allow abuse of that info.
Has always been that you need to show the signed rental agreement, but not the amount.
As far as that goes, there is no farm bill at this moment, so there is nothing to report or to sign up for at this time.
I don't rent anything at this time, but I'm opposed to it!
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Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
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