Cash rental rates in Missouri (2022)
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"The United States Department of Agriculture (USDA) reports that 9.7 million acres of Missouri cropland and pastureland were rented to farmers who did not own the land. To help both landowners and farmers, the University of Missouri has periodically surveyed landowners and farmers to detect trends in rental rates. The latest survey was taken in the summer of 2021. One hundred and twelve Missourians responded to an online survey with sufficient information on 192 rented fields. Sixty-two percent of the responses were from landowners while 38% were from tenants. About 40% of respondents to the survey indicated they had leased the land they reported on for 5 or less years. The longest uninterrupted lease reported was 36 years. Our analysis of their responses are reported in this guide. They were asked to provide information on cash rental rates for Missouri cropland, pastureland, grain bins and fee hunting. The number of responses are reported in the tables below. The number and variability of responses prevents hard conclusions about rental rates across Missouri and those with few responses may not be representative of actual rental rates. One quick lesson is that while rental rates are correlated with productivity, other factors affect rental rates so that no hard rule can be established. This guide should be used as one piece of information among many factors that affect rental rate negotiations and should not be the sole basis for determining your rent. Factors affecting rental rates include the acres available for rent in a locale, the number of farmers seeking to rent land for cash, productivity of the land, -size of the parcel, production costs and market prices."--First page.
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Archive version. For the most recent information see extension.missouri.edu.
OpenAccess.
OpenAccess.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
Provided for historical documentation only. Check Missouri Extension and Agricultural Experiment Station websites for current information.
Provided for historical documentation only. Check Missouri Extension and Agricultural Experiment Station websites for current information.