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Farmland Rent is Getting High

Farmland Rent is Getting High

Cash rent for farmland is getting too high in light of what kind of price crops could be bringing in the next few years, according to OSU Agricultural Extension Agent Chris Bruynis.

He said cash rent costs need to be brought back into line: "I know it's competition, and I know farmers have adequate cash today, but I don't know if that's going to remain, and so that's probably a warning in my mind, both to landowners and to farmers."

He estimates, using 2013 input costs, $150,000 per year could be lost in farming. He added that some landowners are not getting their rent payments because the crops prices are not meeting the rent price.

"If I'm a landowner, I don't want to get this price up so high that my farmer's going to be unable to pay and that's going to be worse than having a decent rent and get paid," he said.

Bruynis said the crop price demand could be going down further in the next few years since we have seen record harvests in recent years.

 

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