East Central Iowa - I wanted to give you a quick update on land rent in my area (30 miles North of Cedar Rapids). On the low end we are seeing $250 per acre and on the high end close to $300. There's been some talk about 2012 rent pushing up close to $350-$400. Fortunately we are with landlords that gradually raise rent rather than price hikes of $100+ per acre. I know most already realize this but $400/acre rent is over 60 bushels/acre at $6.50 corn, really doesn't leave room for error. My son will make our operation a 6th generation farm, with some of our ground bought and still farmed for $1/acre. Thanks
As seen on the Kevin Van Trump Report
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