1. Agricultural Land Rental Update
CR-216 and 230
Collected in August and December 2012.
Roger Sahs, Extension Specialist, Ag Econ.

2. Average Annual Non-irrigated Cropland Cash Rental Rates
2010 NW SW NC E
State
2012 vs 2010
Wheat
31.78
28.10
15-49
32.07
15-55
38.48
20-55
35.70
20-67
32.80
15-67
+3%
Alfalfa
41.61
41.00
30-50
-1%
Grain Sorghum
27.90
29.66
16-45
+6%
Northwest
Southwest
East
North central
Customary rates and/or average rates may or may not be fair!
Rental rates are slow to change.
Range $xx-xx not necessarily right for your land.
No one size fits all.
OSU wheat milo alf wht yds
and 22 inbetween
Source: OSU/NASS survey, 2012

3. 10. 7% increase from 2011-12 28 -31, but only 2
10.7% increase from , but only 2.67% annual appreciation since 2008
Of course, it had been stuck on 28 since 2008 in the NASS dataset.
OSU wheat milo alf
Land values +16.1% since 2011 and 24% since 2008 (6% annually)
Typically cash rentals tend to lag and not lead real estate advances. (family based rentals, multiyr leases, lack of knowledge of economic conditions, etc)
1/3 CS and ¼ CR cropland leases are multiyear
Neb has more than doubled since 2010.
USDA/NASS data

4. Crop Land Cash Rent, 2012 ($ per acre)
215
29.5 58
151
130
143 94
115 47
79.5
50.5
108
142
72.5
235
130
176
122 68
175
58.5
212 33
89.5 72
60.5 49
110
130 87
267
70.5 91
32.5
200
94.5 74
37.5 52 99
N/A
25 to 50
51 to 100
101 to 150
>151 98
32.5 included some irrigated acreage thrown in.
Neb runs from 40 (29-54)dryland in the NW to 378 center pivot irr NE ( ) 36
76.5
103
USDA/NASS data

5. Average Annual Pasture Cash Rental Rates ($/acre)
2010 NW SW NC E
State
2012 vs 2010
Native Pasture
11.61
8.76
4-15
12.83
4-30
14.20
8-37
13.03
3-33
12.33
3-37
+6%
Bermuda
16.61
17.91
6-35
20.25
10-40
18.56
6-52
18.64
4-52
+12%
Other Pasture
16.10
11.67
6-16
19.15
8-50
22.41
5-60
19.41
+21%
Customary rates and/or average rates may or may not be fair!
Rental rates are slow to change.
Range $xx-xx not necessarily right for your land.
No one size fits all.
OSU native berm other
avg annual apprec.
Northwest
Southwest
East
North central
Source: OSU/NASS survey, 2012

6. No change from 2011-12, but only 2.5% annual appreciation since 2008
it had been 10.5 in 2008, 2012 was 11.5
OSU native berm other
Typically cash rentals tend to lag and not lead real estate advances. (family based rentals, multiyr leases, lack of knowledge of economic conditions, etc)
1/5 sm grains pasture and ¼ native pasture leases are muliyear
Land values +10.6% since 2011 and 14% since 2008 (3.5% annually)
Neb +63% since 2010.
USDA/NASS data

7. Average Pastureland Rent, 2012
($ per acre)
USDA/NASS data 34
24.50 38 46 35 14
17.50
16.50 28 21 19 20 26
12.50 18 16
11.50
6.50
4.60
5.90
2.80 5
4.80
N/A
0 to 5
5 to 14
15 to 24
25 to 50

8. Check out these websites: aglease.info & aglease101.org
Agland lease has wealth of info on spreadsheets and tools, lease info and forms, legal and tax advice, rental rates/land values, rec leases.
Ag Lease 101 created by North Central Farm Mgt Ext Committee lease info and forms.