Posted by Brad Gyde on February 16, 2011 at 18:44:17 from (173.149.54.40):
In Reply to: CASH RENT posted by hd6gtom on February 16, 2011 at 16:45:23:
Here in SE Lower Michigan it's going anywhere from 35/40 acre to beyond $200.
The problem is, everyone hears how this person or that person just got $175/acre on a "open field" with good dirt and tiled well (so should be a decent farm), so they think their 15 acres (broke into 5 little fields with narrow ditch crossings, and what isn't "high blow-sand" is "low-lying swamp" with no tile) is worth the same money..
My uncle works right around 1,000 acres. Most is "family owned" and rented on 1/3 shares.. The "cash rent" is somewhere around $125/150, IIRC.
It's been a few years since I stopped farming (or trying to).. Most of my ground I was renting for 35-50/acre, but, I was renting the small pieces (5-7 acres) or the previously mentioned sandhills and swamps.. The stuff no one else wanted, and I found out why they didn't want it the hard way.
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