Posted by seia on February 25, 2008 at 12:47:15 from (204.185.222.253):
My mother has been renting her farm for the past 9 years without an increase in cash rent. $75 an acre with ground that will grow 160 bu corn and 52 bu beans. She told the renter that she would probably be raising the rent. He said that due to the high cost of production that he felt $75 was fair enough. This land is located in NE Missouri. Would someone from that area tell me if that is about right for cash rent in that part of the state. I know production costs have increased but so have crop prices. I have heard that rent is going up in many areas of the state. Any information would be greatly appreciated.
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