Downward Pressures on 2016 and 2017 Cash Rents03/23/2016
Cash rents on professionally-managed farmland decreased in 2016. In 2017, pressures to lower cash rents will intensify if commodity prices do not increase. In this article, a table is presented that summarizes cash rents for professionally managed and “average” farmland in Illinois for 2014 through 2016. The 2016 cash rents for “average” farmland is a projection. Data from the Illinois Society of Professional Farm Mangers and Rural Appraisers (Illinois Society) and the U.S. Department of Agricultural are used in preparing this table. Then, pressures on 2017 cash rents are described. Also presented in the appendix are additional tables useful in judging cash rents.