From: Texas Sorghum Association, Texas Sorghum Insider
The 2016 NASS results of their Cash Rent surveys have been released. The results are obtained by a survey of farmers conducted by the United States Department of Agricultural National Agricultural Statistics Service. Every year, NASS collects cash rent data by state for irrigated cropland, non-irrigated cropland, and pastureland. In even numbered years, they break this data down by county. The county-level reports should be out in September. For now, we have the national and state-by-state results. Nationwide, cash rental rates have dropped in the last year. Here are the results of the cash rent survey:
- Pastureland: $13/acre (down $1.00 from 2015)
- Non-irrigated cropland: $125/acre (down $8.00 from 2015)
- Irrigated cropland: $206/acre (down $3.00 from 2015)
For Texas, the results were mixed with an increase in irrigated cropland rates, but decreases for dryland cropland and pasture. The survey results are as follows:
- Pastureland: $6.80/acre (down $0.70 from 2015)
- Non-irrigated cropland: $27.00 (down $2.00 from 2015)
- Irrigated cropland: $90.00 (up $8.00 from 2015)
In order to view the average lease rates for irrigated cropland, non-irrigated cropland, and pastureland in each of the 50 states, click here. If you are interested in more information on leasing, join Shannon Ferrell and Tiffany Dowell Lashmet on Wednesday (Aug. 17), at 11 central time for our free webinar on Agricultural Leases. For more information on the webinar, click here. The post 2016 NASS Cash Rent Statistics Released appeared first on Texas Agriculture Law.
