|August Agricultural Prices Received
| Released: August 31, 2009
For more information contact: Carmen Pennington or Steve Anderson at 1-800-835-2612.
|The average cash rent for Montana cropland rose $1.00 from
last year to $25.50 per acre. Non-irrigated cropland average cash rent
decreased $1.00 from 2008 to $19.50 per acre. The average cash rent for
irrigated cropland was $60.00 per acre. The irrigated cropland value was
not published for 2007 or 2008. Average pasture rents decreased from $6.50
in 2008 to $5.00 per acre in 2009. |
Nationally, cash rents per acre paid to landlords for cropland rose $4.50 (5.3 percent), while pasture rents remained unchanged for the 2009 crop and grazing year. Cropland cash rents paid in 2009 averaged $90.00 per acre, compared with $85.50 per acre for 2008. Pasture cash rents averaged $10.50 per acre, consistent with the 2008 price but above the 2007 price of $10.00. The increase in cropland rental rates are the result of producers receiving strong commodity prices, while pasture cash rent is affected less by commodity prices and more by land values.
The Northern Plains region had the highest percentage increase for cropland, 7.6 percent above 2008. Croplad cash rents increased $9.00 per acre to $196.00 in the Pacific region and $7.00 per acre to $146.00 in the Corn Belt region. The Corn Belt and Northern Plains region accounts for nearly half of the cash rented cropland acreage in the U.S.
The major corn and soybean producing States of Illinois, Indiana, and Iowa experienced increases of 4.3, 4.4, and 5.9 percent respectively, for cropland cash rents. Illinois, Indiana, and Iowa cropland cash rents averaged $170.00, $141.00, and $180.00 per acre, respectively.
While pasture rent in the Northern Plains and the Mountain regions remained unchanged from the previous year, rents in the Southern Plains decreased by 20 cents. The Northern Plains, Southern Plains, and Mountain regions account for nearly 81 percent of the cash rented pasture acreage in the U.S. The cash rent paid for pasture in the Corn Belt region decreased $1.00 to $31.00 per acre, which is the highest cash rent paid for pasture in the U.S.
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