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Good and average classes had the same rent in 2017 as in 2018: $260 per acre for good farmland and $225 per acre for average farmland. Fair productivity farmland has a slight increase: $175 per acre in 2017 to $186 in 2018.
At $138 per acre, the average rate to rent cropland in the United States in 2018 was $2 higher than in 2017. For irrigated cropland, the average rate per acre was $215 (up slightly from $212 in 2017) and for non-irrigated cropland it was $125 (up from $123).
In 2012, that same farm land might have rented for $250 per acre and sold for over $10,000 per acre (implying a discount rate of about 2.5%). The same logic applies to cropland in eastern North Carolina.
Cash-Rent Lease: This is where the tenant usually pays a fixed dollar amount in rent (either on a per acre or whole farm basis). These types of leases may be modified depending on crop yield (i.e., increase in good years and decrease in bad years).
The national average to lease dryland for crops is down $2 from last year to $124 per acre, per year. The cost to rent non-irrigated crop land has increased $22 since 2011. The cost to rent pasture for livestock decreased 50 cents nationally this year to $12.50. That's $1 higher than the national average for 2011.
paid for pasture in Wisconsin averaged $40.00 per acre in 2017, up $5.00 from 2016. Lafayette County had the highest published cash rent for non-irrigated cropland, at $230.00 per acre, followed by Dodge County, at $199.00 per acre.
The USDA reports that the average cropland cash lease in Wisconsin in 2018 is at $140 (which is an increase of $1.00 from 2017), and the average cropland values are $5,150 per acre for 2018, which is a decline of $50 and acre from 2017.
The weighted average price of agricultural land sold in Wisconsin in 2017 was $4,025 per acre. This is a 3.5% increase from 2015 and nearly identical to the average from 2016. There were 11% more acres sold in 2017 and 13% more reported transactions.
Rent Paid for Agricultural Land At $138 per acre, the average rate to rent cropland in the United States in 2018 was $2 higher than in 2017. For irrigated cropland, the average rate per acre was $215 (up slightly from $212 in 2017) and for non-irrigated cropland it was $125 (up from $123).
The national average to lease dryland for crops is down $2 from last year to $124 per acre, per year. The cost to rent non-irrigated crop land has increased $22 since 2011. The cost to rent pasture for livestock decreased 50 cents nationally this year to $12.50.
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