A combination of recent grain export demand from China and weather challenges around the region have economists projecting a slightly bullish trend for farmland cash rents into 2021. Given the general trend, it’s important to account for specific location and indices like corn suitability rating (CSR) or soil productivity index (SPI) in reaching a cash rent level that works for both landowner and lessee. See some of the latest data from Illinois and get ideas for your own cash rent rates.
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